Amid a fairly flat market, May held some nice surprises: Economist

Windermere Economist Jeff Tucker looks at recent economic indicators, including some surprising upside despite a disappointing spring market. Continue reading

Fed expected to resist pressure from Trump for July rate cut

As Fed policymakers await more data confirming that inflation has been tamed, futures markets put the odds of a September rate cut at 90 percent, up from 64 percent a week ago. Continue reading

Pulte: Let Fannie and Freddie count homebuyers’ crypto assets

Head of Fannie Mae and Freddie Mac’s federal regulator says mortgage giants should consider what risk mitigation might be required when counting mortgage borrowers’ crypto holdings as an asset, “including adjustments for market volatility.” Continue reading

Trump looks to South Korea to bring down mortgage rates

Overseas investors hold about $1.36 trillion in U.S. mortgage debt, with Japan, China, Taiwan and Canada accounting for 61 percent of that total. Continue reading

Some markets look vulnerable as home price appreciation cools

Experts polled by Fannie Mae expect national home prices to keep climbing, but see Austin, Tampa, Dallas, Denver, Houston, Miami and Phoenix as markets most likely to see price declines. Continue reading

UWM brings back 1% down conventional mortgage program

Nation’s largest lender reboots 1 percent down loans that cover up to $7,000 of the homebuyer’s down payment when financing a purchase backed by Fannie Mae or Freddie Mac. Continue reading

Rising inventories have more homebuyers going to their lender

Purchase loan applications soared 10 percent last week to the highest level since April, even though rates have been stuck in the high sixes, the Mortgage Bankers Association reported Wednesday. Continue reading

Consumer sentiment about housing market rebounds

While just 26 percent of Americans said May was a good time to buy, that’s up from 23 percent in April and 14 percent a year ago, an all-time low in Fannie Mae survey. Continue reading

Senate Dems ask Pulte to put Fannie, Freddie revamp on hold

Lawmakers want assurances that privatizing the mortgage giants or taking them public won’t drive mortgage rates up, and put investor profits “over the homes of millions of Americans.” Continue reading

HUD and the FHFA are changing. Here’s everything you need to know

Workforce cuts, the rescission of Fair Housing initiatives and COVID assistance, and multiple pathways for Fannie Mae and Freddie Mac are all under discussion at the federal housing agencies. Continue reading