Attempts at Relief and Reform

Possible FNMA Guarantee to Help Retail Sector Get Loans

Posted on Monday, January 18, 2010

Fannie Mae ran an apartment financing program for 20 years. This new idea is along those lines. A developer would go to a FNMA designated underwriter (usually a bank). The bank would then recommend a loan to FNMA. FNMA would guarantee the loan in return for an annual premium paid by the developer. The bank would guarantee a portion and also be paid a fee. This enables the loans to be resold.

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