Appraisal requirements axed on sales of $400K and under: Fed

Approved by the Federal Reserve on Friday, the adjustment, from $250,000 to $400,000, marks the first time in 25 years such an appraisal threshold has changed. Continue reading

NAR calls for improvements to the qualified mortgage rule

The National Association of Realtors is calling on the Consumer Finance Protection Bureau to improve the qualified mortgage definition and government-sponsored entity patch, as well as support an extension before figuring out the long term solution. Continue reading

Trump admin proposes massive overhaul of FHA, Freddie and Fannie

The Trump administration Thursday released a long-awaited plan to overhaul the way the U.S. government helps homeowners. Separate guidance from the U.S. Department of Housing and Urban Development and the United States Department of the Treasury includ… Continue reading

Home prices have risen 32 consecutive quarters: FHFA

U.S. home prices climbed 5 percent year-over-year in the second quarter of 2019, according to data released Tuesday by the Federal Housing Finance Agency. Continue reading

Big changes are coming to Fannie and Freddie … beware

Last weekend the Federal Housing Finance Agency announced the first in a likely series of changes at Fannie Mae and Freddie Mac. Continue reading

A new ‘uniform’ for Fannie and Freddie aims to help homebuyers, investors

Though relatively obscure among most consumers, the project to create the UMBS has been in the works since at least 2012. Officials have already been prepping investors for the launch of the combined TBA market for months, and during Monday’s phone cal… Continue reading

Fannie and Freddie critic Mark Calabria confirmed as Housing Finance director

The U.S. Senate on Thursday confirmed Mark Calabria to head the Federal Housing Finance Agency (FHFA), the agency tasked with overseeing the government-sponsored entities Fannie Mae and Freddie Mac. Continue reading

Fannie Mae appoints Hugh Frater as permanent CEO

Fannie Mae has appointed Hugh Frater as its permanent chief executive officer following a six-month search to replace former CEO Timothy Mayoupolos, who stepped down in October. Continue reading