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The State of New York Mortgage Agency (SONYMA) will provide mortgage insurance and New York City Housing Development Corporation (HDC) will provide a Guaranty for the first $70 million or 11.
The commissioner also serves as chief executive of the state's major housing and community renewal agencies, including the Housing Finance Agency and State of New York Mortgage Agency.
In 2009-10, the State of New York Mortgage Agency would issue $350 million in tax-free bonds to finance the new fixed rate loans.
Chase Bank participated in special lending programs through the State of New York Mortgage Agency, the Federal National Mortgage Association ("Fannie Mae") and the Federal Home Loan Mortgage Corporation ("Freddie Mac"), that were designed to help LMI and other borrowers purchase homes in LMI geographies.
NEW YORK -- Fitch Ratings affirms the Issuer Default Rating (IDR) of the State of New York Mortgage Agency (SONYMA) mortgage insurance fund's (MIF) insurance accounts as follows: --$3.
The HP/Evolve residential mortgage venture has been approved to underwrite mortgages for the State of New York Mortgage Agency (SONYMA), the state agency that purchases affordable mortgages for first-time homebuyers, Mr.
SONYMA, the State of New York Mortgage Agency, provides affordable home ownership opportunities to low- and moderate-income families by offering competitively-priced mortgages.
Duncan has served on various industry boards, including the Fannie Mae Southeastern region advisory board, the Freddie Mac advisory board and the State of New York Mortgage Agency advisory board.