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MORE MORTGAGE SAVINGS Low interest rates aren't the only reason for cash-strapped house hunters to celebrate. Now, thanks to a program just introduced by Fannie Mae, millions of borrowers can save $1,000 to $2,800 over 9.6 years in private mortgage insurance (PMI). On a $100,000 mortgage, with only 10% down, you can save $20 a month in premiums from lenders that use the automated loan-evaluation system from Fannie Mae, the government-chartered mortgage financier. To locate participating lenders, call...
...great job and was cute on stage," said 21-year-old Mae M. Hallak of Boston. "When her microphone stopped working and she couldn't talk, she handled it well. Things like that happen, and she didn't try to act too much like a professional about...
Black home ownership trails that of whites by nearly 30 percentage points--a gap Fannie Mae hopes to close. The federally chartered mortgage financier announced a partnership with the N.A.A.C.P. and BankAmerica last week to provide $110 million in financing aimed at helping disadvantaged blacks and other minorities obtain a mortgage with only a 3% down payment. For information on the program, which begins in a month, call...
...Lila Mae Watson, Whitehead's hero, is an aging black elevator inspector in an unnamed eastern metropolis that resembles a Kafkaesque New York City. The bureaucracy of the elevator workers dominates the city government. That bureaucracy is divided between two main factions that vie with each other for political influence: the so-called Empiricists, a dry, hard-headed bunch who do their jobs with scientific precision; and the Intuitionists like Watson, who work by instinct, by feel. James Fulton, the Intuitionists' patron saint, is a deceased pioneer of "verticality" whose books contain cryptic, Masonic meditations that seem to address...
Some 200,000 Americans should have an easier time affording a home come Jan. 1. Fannie Mae, the government-chartered mortgage financier, just raised its 1999 single-family loan limit to $240,000, from the current $227,000. That means more borrowers will have access to the lower rates and fees of Fannie Mae-backed mortgages...