Tag Archives: fannie mae

Fannie, Freddie to adopt new underwriting standards for qualified mortgages on July 1

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Mortgage Bankers Association says lenders have been gearing up for changes, and new standards will actually increase access to credit. Continue reading →

HUD sends $690M to states for affordable housing

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The Housing Trust Fund is funded by a fee on Fannie Mae and Freddie Mac and devoted to affordable housing for low- and extremely low-income households. Continue reading →

COVID vaccinations give Americans more confidence in housing

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Fannie Mae’s Home Price Sentiment Index increased by 5.2 points from February to 81.7 in March. Year over year, the index is up 0.9 points. Continue reading →

Rising rates take toll on mortgage demand

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Although mortgage rates came down slightly after seven consecutive weeks of increases, applications for refinancing and purchase loans both fell more significantly. Continue reading →

Share of homeowners who can’t pay their mortgage hits new low

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The share of mortgages in forbearance dropped below 5% in March for the first time since the beginning of the pandemic, as homeowners resuming their payments continued to outnumber new requests for relief for the fourth week in a row. Continue reading →

5 pandemic mortgage strategies for the self-employed 

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Self-employment has advantages, notably the home office deduction and eliminating commute time. Getting a mortgage, however, is not one of them. Here are a few tips that address the newly stiffened requirements for approval. Continue reading →

Share of mortgages in forbearance drop 3 points at end of February

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The overall decline of mortgage loans in forbearance was led by Ginnie Mae loans, which dropped by 7 basis points from the previous week to 7.28 percent of loans in forbearance. Continue reading →

Fannie Mae forecasts mortgage rates under 3% for 2021

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The average rate on a 30-year fixed-rate mortgage could hit 2.9 percent in 2021, according to Fannie Mae’s April housing forecast. Continue reading →

Wells Fargo suspends jumbo mortgages as demand fades

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In an unpredictable market, demand for jumbo mortgages is declining as more homeowners seek forbearances and investors look to more secure loans. Continue reading →