Issuers can combine hurricane exposure for relief aid: Ginnie Mae

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(Sec. 311) The GAO is directed to report on foreclosures, homeownership, and mortgage defaults in Puerto Rico before and after Hurricane Maria. (Sec. 312) HUD must report on and provide recommendations for lead-based paint hazard prevention and abatement, with an emphasis on preventing exposure in children.

Fannie Mae, Gilead, and Freddie Mac earn the most profit for each employee of any company. Banks and pharmaceutical companies are all over the list, but those led by women CEOs are few and far.

HUD homes located anywhere in the 50 States are offered for sale to FEMA qualified hurricane evacuees who will bid on them during an initial offering period lasting ten days. During the initial 10-day offering period, these HUD homes can be purchased by evacuees at a 10% discount from the appraised value of the home.

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The following is an excerpt from a 10-K SEC Filing, filed by FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE on 2/26/2009.

On November 25, the Fed announced that it will purchase up to $100 billion in direct obligations of Fannie Mae, Freddie Mac, and the Federal Home Loan Banks and up to $500 billion in mortgage-backed securities backed by Fannie Mae, Freddie Mac, and ginnie mae. orrick client alert. Fed Release.

The Adviser may adjust allocations to the Sub-Advisers at any time or make recommendations to the Board with respect to the hiring, termination or replacement of a Sub-Adviser. As such, the identity of the Fund’s Sub-Advisers, the investment strategies they pursue and the portion of the Fund allocated to them,

Chairman Duffy, Ranking Member Cleaver, and Members of the Subcommittee, thank you for inviting me to appear today to discuss the Government National Mortgage Association, also known as Ginnie Mae. Ginnie Mae was established in 1968, and issued the first mortgage-backed security in 1970. The mission of Ginnie Mae is to bring global capital into the U.S. housing.

Ginnie accelerates issuer buyouts in response to storms. and a subsequent extension of that relief after Hurricane Irma. Ginnie has promised to help issuers make pass-through payments to investors on loans with forbearance and delete affected loans from delinquency ratio calculations as well.

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