Tag Archives: fannie mae

Homebuyer sentiment rebounds in June from May’s record low

By | | Uncategorized
Comments Off on Homebuyer sentiment rebounds in June from May’s record low

Fannie Mae’s monthly National Housing Survey shows many Americans may be underestimating the odds that mortgage rates will continue to pull back from 2024 peaks. Continue reading →

Fraud allegations against rental owners reach new high

By | | Uncategorized
Comments Off on Fraud allegations against rental owners reach new high

Regulators and prosecutors are cracking down on landlords who’ve been falsifying income and expense data on crucial loan documents, according to a new feature published by “The Wall Street Journal.” Continue reading →

BofA analysts cast doubts on prospects for 2025 sales rebound

By | | Uncategorized
Comments Off on BofA analysts cast doubts on prospects for 2025 sales rebound

“The U.S. housing market is stuck, and we are not convinced it will become unstuck anytime soon,” economists at Bank of America Global Research say of ongoing affordability issues. Continue reading →

Freddie Mac will dip a $2.5B toe into the second mortgage market

By | | Uncategorized
Comments Off on Freddie Mac will dip a $2.5B toe into the second mortgage market

Modest pilot program approved by federal regulators was opposed by banks who have traditionally provided most home equity loans. Nonbank lenders have already made inroads into the business. Continue reading →

UWM’s 0-down loans a hit with buyers, worry consumer advocates

By | | Uncategorized
Comments Off on UWM’s 0-down loans a hit with buyers, worry consumer advocates

Unlike subprime loans that were subjected to minimal underwriting standards in the runup to the housing crash and 2007-09 Great Recession, UWM’s zero-down loans have to meet criteria set by mortgage giant Freddie Mac. Continue reading →

Rates ease as inflation gauge moves in the right direction

By | | Uncategorized
Comments Off on Rates ease as inflation gauge moves in the right direction

Mortgage rates have some room to come back down in June after PCE price index shows annual inflation easing to 2.65 percent in April, and Q1 2024 GDP growth revised downward to 1.3 percent. Continue reading →

UWM expands program that dispenses with title insurance

By | | Uncategorized
Comments Off on UWM expands program that dispenses with title insurance

Nation’s largest mortgage lender says brokers “will no longer need to work with a title company or settlement agent for title work, balancing fees, scheduling closing or any related communication.” Continue reading →

Fed’s ‘higher for longer’ gambit may yet cool home price gains

By | | Uncategorized
Comments Off on Fed’s ‘higher for longer’ gambit may yet cool home price gains

Fannie Mae and MBA economists are now in agreement that mortgage rates will come down only gradually this year and next but that home price appreciation will slow. Continue reading →

Lamacchia: ‘Nothing’s changed’ about mortgage commission rules

By | | Uncategorized
Comments Off on Lamacchia: ‘Nothing’s changed’ about mortgage commission rules

Anthony Lamacchia thinks some agents are reading too much into guidance issued by mortgage giants Fannie Mae and Freddie Mac confirming sellers can continue to pay buyer’s agents’ commissions. Continue reading →

Consumer housing sentiment drops for first time since November

By | | Uncategorized
Comments Off on Consumer housing sentiment drops for first time since November

Fading hopes that mortgage rates will come down in the next 12 months are primary drag on Fannie Mae’s Home Purchase Sentiment Index, but job and income concerns were also up in March. Continue reading →