Fannie Mae Form 1003

Fannie Mae and Freddie Mac were put into conservatorship by the Federal Housing Finance Agency  (FHFA) on September 17, 2008. This meant that the two  government-sponsored enterprises (GSEs) have been managed by the  government since then. The U.S. Treasury Department was authorized to purchase up to $100 billion in the GSEs' preferred stock and mortgage-backed securities (MBS).  It was supposed to be temporary, but economic conditions have not  improved enough to allow the government to sell the shares it owned and  return Fannie and Freddie to private ownership.This was the direct cost. There were also a lot other indirect costs like -$3.9 billion in CDBG grants to help homeowners in poor neighborhoods.Approval  for the Treasury Department to buy shares of Fannie's and Freddie's  stock to support stock price levels and allow the two to continue to  raise capital on the private market.Approval for the Federal  Housing Administration (FHA) to guarantee $300 billion in new loans to  keep 400,000 homeowners out of foreclosure.About $15 billion in housing tax breaks, including a credit of up to $7,500 for first-time buyers.An increase in the statutory limit on the national debt by $800 billion, to $10.6 trillion.A new regulatory agency to oversee Fannie and Freddie, including executive pay levels.Found this at - What Was the Fannie Mae and Freddie Mac Bailout?

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The Uniform Residential Loan Application, also known as a Fannie Mae Form 1003 or just a 1003 form, is a standard form that contains all the information necessary for a lender to establish the risk profile of a borrower. ... You will fill this form out with the help of a loan officer at the financial institution.

The initial 1003 may be completed by the borrower or by the loan originator on behalf of the borrower. However, the initial Form 1003 should be signed by each borrower. ... For applications taken through the Internet, the lender may obtain an electronic signature or send a printed copy to the borrower for signature.

The 1003 mortgage application form is the industry standard form used by nearly all mortgage lenders in the United States. ... Borrowers have to complete the 1003 form twice during a mortgage transaction\u2014once during the initial application and again at closing\u2014to confirm the terms of the loan.

The UCLA (also known as the Freddie Mac Form 65 / Fannie Mae Form 1003) is a standardized document used by borrowers to apply for a mortgage. The UCLA is jointly published by the Uses and has been in use for more than 20 years in all U.S. States and Territories.

Fannie Mae Form 1003 is a loan application form designed by Fannie Mae and Freddie Mac that is used by lenders to obtain financial and personal information from borrowers who apply for a mortgage loan secured by a one to four unit residential rEval estate.