The Senate is reportedly working on a draft of a house financing reform bill that could have huge implications for Fannie Mae and Freddie Mac. Since 2012, all of Fannie and Freddie's profits have been turned over to the government under the terms of their bailouts during the financial crisis. Show More Summary
For the second year, the Federal Housing Finance Agency, who oversees Fannie Mae and Freddie Mac, has increased loan limits on conforming mortgages in 2018. The increase in 2018 conforming loan limits matched rising home prices felt across the U.S. Show More Summary
The limits for Fannie Mae and Freddie Mac loans will rise for a second straight year in 2018, meaning lower rates for bigger mortgages.
Fannie Mae reported that the Single-Family Serious Delinquency rate was unchanged at 1.01% in October, from 1.01% in September. The serious delinquency rate is down from 1.21% in October 2016.These are mortgage loans that are "three monthly payments or more past due or in foreclosure". Show More Summary
The fight continues over Fannie Mae and Freddie Mac, the mortgage giants in conservatorship with their regulator, FHFA, as the buffer for F&F goes to zero in 2018. The post For Fannie-Freddie Regulator (FHFA), Battle Heats Up With White House (Buffer Drops To Zero In 2018!) was originally published at The Wall Street Examiner. Follow the money!
The Federal National Mortgage Association, or Fannie Mae, is currently beta testing an API platform that it says will “level the playing field” for lenders in the multi-trillion dollar market for mortgages in the U.S.
According to a recent survey by Fannie Mae involving 1200 respondents who got their mortgage in 2016, person-to-person sources remain the most preferred choices for obtaining mortgage information. Human factor is still considered by American homebuyers as one of the most influential factors in choosing where to get advice for buying a home. Show More Summary
Fannie Mae reported that the Single-Family Serious Delinquency rate increased to 1.01% in September, from 0.99% in August. The serious delinquency rate is down from 1.24% in September 2016.The increase in September is probably due to the hurricanes.These are mortgage loans that are "three monthly payments or more past due or in foreclosure". Show More Summary
If you're shopping for a mortgage, these changes to Fannie Mae's rules could help you.
Homebuyers and refinancing homeowners using Quicken Loans will now be able to submit their financial information in one step, thanks to Fannie Mae's Single Source Validation pilot program...
Mortgage shoppers are most influenced by real estate agents and lenders, more so than online sources, a new study by Fannie Mae finds....
The Fannie Mae Home Purchase Sentiment Index® (HPSI) increased 0.3 points in September to 88.3, matching the all-time high set in June. Renter respondents, in particular, buoyed the net good time to buy component, showing a substantial upward change in optimism in September.READ MORE www.metrointel.com
Recently, too few homes have been for sale. Yet there has been a sudden burst of optimism among potential homebuyers in a Fannie Mae monthly sentiment survey.
There has been a sudden burst of optimism among potential homebuyers in a monthly sentiment survey from Fannie Mae.
DRAIN THE SWAMP: Fannie Mae charged taxpayers $250,000 for a chandelier.
Taxpayers are paying millions for items including decorative wooden “lunch huts” and a $250,000 chandelier.
Fannie Mae reported that the Single-Family Serious Delinquency rate declined to 0.99% in August, from 1.00% in July. The serious delinquency rate is down from 1.24% in August 2016.This is the lowest serious delinquency rate since December 2007.These are mortgage loans that are "three monthly payments or more past due or in foreclosure". Show More Summary
Some of the housing industry’s largest trade groups reportedly want housing finance agencies Fannie Mae and Freddie Mac to look at using new types of credit scores for assessing default risk on residential mortgages. The post Experian, Equifax & TransUnion want to sell you new mortgage credit scores was originally published at The Wall Street Examiner. Follow the money!
Lenders Freddie Mac and Fannie Mae, as well as the federal government, have programs to help homeowners affected by natural disasters.
As of Sept. 1, Fannie Mae and Freddie Mac will no longer require appraisals on many of the loans that they buy. Because the two GSEs (government-sponsored enterprise) buy about half the mortgages originated in America, this is big news that will make buying a home easier and less expensive...