Foreclosure begins on West Main Street condemned building [Yahoo! Finance]
Federal National Mortgage Association (FNMA)
NASDAQ:AMEX Investor Relations:
fanniemae.com/portal/about-fm/investor-relations/index.html
Company Research
Source: Yahoo! Finance
According to the papers filed on Oct. 4, Fannie Mae, also known as the Federal National Mortgage Association, plans to foreclose on the property at 232 W. Main St. to recoup a defaulted loan of roughly $1.5 million. Owners Tyler Weese and Cody S. Ciazza were served with a Notice of Pendency, apprising them that the foreclosure process was beginning on the condemned building. On July 18, the city code enforcement office found 22 violations that placed risks on tenants and the community and subsequently shut down the building, causing about 20 people to be forced out of their apartments. City Councilwoman Lisa A. Ruggiero, a local real estate broker, said Friday that foreclosure could lead to Fannie Mae trying to sell the five-story building. "The bank will probably sell the building for a lot less than what Tyler Weese paid for the building," she said, adding that he would be given some time to get the mortgage payments up to date before foreclosure would continue. "They cou
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News
- Mortgage rates creating 'tug-of-war' with affordability: Fannie Mae [Yahoo! Finance]Yahoo! Finance
- Fannie Mae Announces 2025 Connecticut Avenue Securities (CAS) Issuance CalendarPR Newswire
- Housing Market Unlikely to Thaw in 2025 Due to Affordability Challenges and 'Lock-in Effect'PR Newswire
- Consumer Housing Sentiment Up Significantly Year over YearPR Newswire
- Expert Panel Upwardly Revises Home Price Growth Outlook, Still Expects Deceleration in 2025 and 2026PR Newswire
FNMA
Sec Filings
- 12/5/24 - Form 8-K
- 11/13/24 - Form ABS-15G/A
- 11/13/24 - Form ABS-15G/A
- FNMA's page on the SEC website