Fannie Mae, Freddie Mac, the Federal Housing Finance Agency and the Obama administration over the past year have tried mightily to expand mortgage access for riskier borrowers, but there's little evidence so far of borrowers with weaker credit making a strong return.
The latest report on home prices from the Federal Housing Finance Agency is due at the top of the hour. Economists estimate the report will show that home prices rose 0.4% in May month-over-month, following a 0.3% rise in the previous period, according to Bloomberg. Show More Summary
Pretty much ever since he took the helm in January 2014, Federal Housing Finance Agency Director Melvin Watt has been under pressure from housing advocates and some lawmakers to allow mortgage-finance giants Fannie Mae and Freddie Mac to reduce the mortgage principal on at least some home loans.
The latest report on home prices from the Federal Housing Finance Agency is set for release at the top of the hour. Expectations are for the reading to show home prices rose 0.5% in April, up from a 0.3% increase in March. We'll be back with the numbers when they cross. Show More Summary
Under the directive of the Federal Housing Finance Agency, started to release detailed loan-level data in 2013. Todd W. Schneider looked at the data recently, evaluating default rates — the… Tags: economics, loans, mortgage
Late this past May, Thomas and Ida Saxton brought suit against the Federal Housing Finance Agency (FHFA) in the Northern District of Iowa, and thus opened up a new front in the long-running litigation over the federal takeover of Fannie Mae and Freddie Mac, two Government Sponsored Enterprises, or GSEs, [...]
The director of the Federal Housing Finance Agency, which regulates mortgage-finance companies Fannie Mae and Freddie Mac, on Friday said that the companies would extend for another year the deadline to participate in a pair of programs...Show More Summary
Freddie Mac CEO Donald Layton and Fannie Mae CEO Tim Mayopoulos each earn a base salary of $600,000, plus money added to their retirement plans, under a 2012 salary cap put in place by the regulatory Federal Housing Finance Agency, Politico reports. But that may not be enough to...
The Federal Housing Finance Agency said on Thursday government sponsored mortgage agencies Fannie Mae and Freddie Mac would collectively have an up to $157.3 billion shortfall in the event of a next financial crisis
Last week was relatively light in terms of economic data. We learned that home prices are still rising at a modest pace of 5.4%, according to the Federal Housing Finance Agency, and we saw a minor tick upward in the pace of...
The MBA reports that mortgage applications rose 2.3% last week, with purchases up 5.0% and refis up 1.0%. The Federal Housing Finance Agency (FHFA) House Price Index rose 0.7% in February, and is up 5.4% on a year-over-year basis. Existing home sales surged 6.1% in March to a 5.190 million annual rate. On a year-over-year […]
After the housing crisis, the Federal Housing Finance Agency took over Fannie Mae and Freddie Mac, making the restrictions tighter for any loans that it backed. This was in an attempt to bring Fannie Mae and Freddie Mac back to where they once were before the housing crisis. Show More Summary
If you lost your home in foreclosure, there is good news for you; you might be eligible to buy it back again! The Federal Housing Finance Agency has changed the policy for those that have lost their homes. Previously, in order to get...Show More Summary
The director of the Federal Housing Finance Agency has addressed the up and coming lower down payment requirements for conventional loans that are backed by Fannie Mae and Freddie Mac. This new program comes on the heels of the housing...Show More Summary
Melvin L. Watt, the Federal Housing Finance Agency director, says that the government can be a responsible steward for most of the housing market, writes Jesse Eisinger in The Trade.
The advocacy and persistence of the National Low Income Housing Coalition (NLIHC) has paid off. Last week, the Federal Housing Finance Agency (FHFA) gave the green light to Fannie Mae & Freddie Mac to set aside money for funding much-needed...Show More Summary
Alamy By Christine DiGangi Saving up to buy a home might not be as much of a challenge as it used to be, now that the Federal Housing Finance Agency will allow some first-time homebuyers to make down payments of as little as 3 percent. The...Show More Summary
The Federal Housing Finance Agency is allowing people who have lost their homes to buy them back at fair market value. But that doesn't help people still in their homes, Jennifer Taub writes in the Another View column.
Earlier this week, the Federal Housing Finance Agency lowered the required down payment for borrowers from Freddie Mac and Fannie Mae to 3% of the price of a house. Dean Baker explains the problem: A study by the Center for Responsible Lending found that the default rate for loans with down payments of between 3 [...]
Kevin Drum warns about new FHFA mortgage policy on Mother Jones. Yesterday the Federal Housing Finance Agency issued new underwriting guidelines that allow some home buyers to take out mortgages with down payments as small as 3 percent…This decision by the FHFA is almost criminally myopic. After all, the go-go years that produced a towering [...]Show More Summary