PROSPECTUS SUPPLEMENT (To REMIC Prospectus dated May 1‚ 2002) $250‚000‚000 Guaranteed REMIC Pass-Through CertiÑcates Fannie Mae REMIC Trust 2002-46 The CertiÑcates We‚ the Federal National Mortgage Association (""Fannie Mae ’ ’)‚ will issue the classes of certiÑcates listed in the chart on this page. Payments to CertiÑcateholders We will make monthly payments on the certiÑcates. You‚ the investor‚ will receive ‚ interest accrued on the balance of your certiÑcate‚ and ‚ principal to the extent
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10/15/13 6:34 PM Intro to Real Estate & Time Value of Money • • • Mortgage – a loan you get to buy to piece of property where the property serves as collateral Equity – the amount of your money in the property Down payment – a one time name for your equity o House $150‚000 Mortgage - 120‚000 Equity 30‚000 à Down payment 30‚000 ÷ 150.000 = 20% **What banks like to see • • As you pay off your mortgage‚ your equity goes up LTV (loan to value) – loan ÷ value of property o 120
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Essay Title: Write an original essay of no more than 600 words that explains‚ as clearly‚ logically‚ and concisely as possible‚ why you find a specific theory significant. Briefly summarize the theory‚ which can come from any field of study such as history‚ science‚ literature‚ engineering‚ philosophy‚ art‚ culture‚ or politics. Then analyze the way in which the theory has enabled you to understand some phenomenon more intelligently. We are looking for evidence of your analytical ability and intellectual
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Loan Syndication: A General Discussion Written by: Adv. Rajib Ahmed Meaning of Loan Syndication: Loan syndication means a loan offered by a group of lenders (banks or financial institutions) worked together to provide funds for a single borrower. It is a process of involving several different lenders in proving various portions of loan. Loan syndication most often occurs in situations where
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Meta Description: Select a Broker can help you find the right mortgage plans for your loan needs. Call us toll free on 1300 510 045; we are available 7 days until 9PM. Seek Help for Your Mortgages One of the biggest achievements in your life is when you get to buy yourself real estate of your own. But then‚ the process that you have to go through is like passing through the eye of a needle. Not only will you have to accomplish a stockpile of paperwork but also a lot of other stuff such as finding
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What’s A Mortgage? by Max Plata Buying a home is an exciting prospect. Choosing the location‚ the floor plan and finally sealing the deal. There is an important element that exists in most home sales and that is the mortgage. Whenever you purchase a home and you don’t pay the full price in cash‚ you have to obtain financing. This type of financing is a mortgage. When you take out a mortgage you are using the property as collateral. If you fail to repay the mortgage on the terms you agreed to‚
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dream house. There are already various institutions which offer housing loans that prospective borrowers can access such as banks‚ state housing corporation/agencies or mortgage institutions. It has become very important that the financial institutions to determine the factors that are pertinent to the homebuyers in selecting a mortgage home loan provider as there are a rapid change and more sophisticated homebuyers on this day. In order to establish whether the homebuyers have the potential capacity
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Subprime Mortgage Crisis The subprime mortgage crisis is foreclosures of the U.S housing market which began in late 2006 until present day. Prior to 2006‚ the housing market seemed to be going up for long time. Noticing this trend‚ borrowers think that everything was fine and refinancing will solve any future problems. In 2006-2007‚ the housing market moderately cooled down. Many unable to refinance because of higher interest rate of Adjustable Rate Mortgages (ARM)‚ found themselves in a deep
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Countrywide Financial September 26‚ 2013 “Countrywide Financial‚” cofounded by Angelo Mozilo‚ was known as one of the most successful financial companies in the beginning of the 21st century. The cofounder had a solid business philosophy; to help low-income individuals and minorities. “Countrywide Financial“ was the largest home loan provider in the United States‚ with one out of six loans provided by the company. Angelo Mozilo believed that every American had the right to own a home
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2010 I was involved in an accident at work‚ where I severely damaged my knee and was put on workers compensation which is 60% of my salary not including overtime. I contacted Wells Fargo to discuss my situation and asked about restructuring my mortgage as I was already depleting my savings caring for my ailing mother. They told me I would have to miss three payments or more before they would consider helping me. I didn’t want to do that because I didn’t want to destroy my credit. I was instructed
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