Tag Archives: freddie mac

FHA will consider rent from ADUs when qualifying borrowers

By | | Uncategorized
Comments Off on FHA will consider rent from ADUs when qualifying borrowers

Policy change is intended to help more first-time homebuyers, seniors, and inter-generational families tap the wealth building potential of homeownership. Continue reading →

TransUnion knocks plan to let lenders use 2 credit reports

By | | Uncategorized
Comments Off on TransUnion knocks plan to let lenders use 2 credit reports

The plan to move to a bi-merge process allowing lenders to use two, instead of three, credit reports was announced last October by Fannie and Freddie’s federal regulator. Continue reading →

More lenders raise their conforming loan limit to $750K

By | | Uncategorized
Comments Off on More lenders raise their conforming loan limit to $750K

Following Rocket’s lead, UWM and Guaranteed Rate say they’ll price mortgages of up to $750,000 as if they’re eligible for purchase by Fannie Mae and Freddie Mac in anticipation of expected 2024 increases. Continue reading →

Soaring rates baffle economists, frustrate housing leaders

By | | Uncategorized
Comments Off on Soaring rates baffle economists, frustrate housing leaders

Economists are scratching their heads and housing industry leaders are venting their frustrations as mortgage rates continue a relentless climb to new heights not seen in more than two decades. Continue reading →

Rocket Mortgage now pricing loans of up to $750,000 as conforming

By | | Uncategorized
Comments Off on Rocket Mortgage now pricing loans of up to $750,000 as conforming

The move could help qualifying borrowers avoid taking out a jumbo mortgage at a higher rate as Rocket gets a jump on an expected increase in Fannie Mae and Freddie Mac’s 2024 loan limits. Continue reading →

Fannie, Freddie may get green light to buy more shared equity loans

By | | Uncategorized
Comments Off on Fannie, Freddie may get green light to buy more shared equity loans

Between 2018 and 2020, Fannie and Freddie purchased close to 600 shared equity loans, before realizing that current regulations might prohibit them from doing so. Continue reading →

Investors who fund most home loans get new climate risk tool

By | | Uncategorized
Comments Off on Investors who fund most home loans get new climate risk tool

Intercontinental Exchange Inc. teams up with DeltaTerra Capital to translate physical climate risk estimates into financial risk assessments factoring in default risk, asset price depreciation and insurance costs. Continue reading →

Insurers ‘dodged a bullet’ as Hurricane Idalia slams rural areas

By | | Uncategorized
Comments Off on Insurers ‘dodged a bullet’ as Hurricane Idalia slams rural areas

Mortgage giants Fannie Mae and Freddie Mac outline relief for victims, including forbearance suspending mortgage payments for up to 12 months. Continue reading →

Zillow is the latest lender to offer a 1% down purchase mortgage

By | | Uncategorized
Comments Off on Zillow is the latest lender to offer a 1% down purchase mortgage

UWM and Rocket Mortgage are also leveraging Fannie Mae and Freddie Mac programs tailored to borrowers earning less than 80 percent of the area median income. Continue reading →

Real estate heroes come to rescue after suffering losses in Maui fires

By | | Uncategorized
Comments Off on Real estate heroes come to rescue after suffering losses in Maui fires

Fires that roared through western Maui last week have destroyed thousands of homes and killed scores of people. The real estate community is trying to help pick up the pieces. Continue reading →