Tag Archives: fannie mae

Don’t expect mortgage rate relief in 2023, Fannie Mae warns in forecast

By | | Uncategorized
Comments Off on Don’t expect mortgage rate relief in 2023, Fannie Mae warns in forecast

Even though the economy is probably headed for a recession next year, the Fed is seen as having a ways to go before inflation is under control. Continue reading →

Tables turn as market conditions begin to favor buyers, survey says

By | | Uncategorized
Comments Off on Tables turn as market conditions begin to favor buyers, survey says

Fannie Mae’s National Housing Survey suffered its sixth-straight month of declines — and the lowest reading in a decade — as market conditions pushed buyers and sellers to the sidelines. Continue reading →

Big lenders get a head start, adopt $715,000 conforming loan limit

By | | Uncategorized
Comments Off on Big lenders get a head start, adopt $715,000 conforming loan limit

Moves by Rocket and United Wholesale Mortgage could help borrowers get better rates and make smaller down payments when taking out loans that were previously classified as jumbo. Continue reading →

Mortgage company Homepoint laying off ‘hundreds’ of workers

By | | Uncategorized
Comments Off on Mortgage company Homepoint laying off ‘hundreds’ of workers

The Michigan-based and third-largest wholesale mortgage lender aims to cut costs by more than $100 million a year in response to an “extremely challenging” lending environment. Continue reading →

Attorney title opinions could give title insurers a run for their money

By | | Uncategorized
Comments Off on Attorney title opinions could give title insurers a run for their money

SingleSource Property Solutions and Voxtur launch an alternative to title insurance that’s designed with Fannie Mae and Freddie Mac’s new guidelines in mind. Continue reading →

New listings drop 12%, the largest decline in more than 2 years

By | | Uncategorized
Comments Off on New listings drop 12%, the largest decline in more than 2 years

“Buyers are backing off due to rising housing costs and sellers are holding back because they realize they won’t get the bidding war they would have gotten six months ago,” said Redfin Deputy Chief Economist Taylor Marr. Continue reading →

Fannie Mae brings in net income of $4.7B in Q2

By | | Uncategorized
Comments Off on Fannie Mae brings in net income of $4.7B in Q2

Like its sister company, Freddie, Fannie Mae remained profitable in Q2 despite pressure from inflation, rising interest rates and worsening affordability, according to earnings released Friday. Continue reading →

Lenders gearing up to help renters become homebuyers

By | | Uncategorized
Comments Off on Lenders gearing up to help renters become homebuyers

New technology and policy changes at Fannie Mae and Freddie Mac spur innovations by Guild Mortgage and Ready Life to help borrowers without credit scores and good payment histories. Continue reading →

Why super long mortgages won’t be a thing, and why that’s good news

By | | Uncategorized
Comments Off on Why super long mortgages won’t be a thing, and why that’s good news

Longer loans, including a 50-year concept recently floated in the U.K., are sometimes framed as a way to improve housing affordability. But the experts aren’t convinced. Continue reading →

As recession looms, consumers see tide turning in favor of homebuyers

By | | Uncategorized
Comments Off on As recession looms, consumers see tide turning in favor of homebuyers

Fannie Mae finds 81 percent of Americans think the economy is on the wrong track, but the share of consumers who think it’s a good time to buy ticked up in June. Continue reading →