Equifax ‘coding issue’ possibly skews thousands of mortgage credit scores

A “coding issue” reportedly affected about 12 percent of credit scores calculated from March 16 to April 6, 2022. Continue reading

Senate narrowly confirms Sandra Thompson to lead Fannie, Freddie regulator

The 49-46 party-line vote followed a Republican leader’s call to hold a referendum on the Biden administration’s “radical housing policy.” Continue reading

A mortgage giant crunched 47 years of housing data. Here’s what it found

The new Fannie Mae Home Price Index aims to capture a broader picture of the housing market. What it found was the fastest annual pace of home price growth in nearly 50 years. Continue reading

New tools from Clear Capital facilitate desktop appraisals

Real estate agents and brokers approved by Clear Capital provide property information and photos that supplement data from public sources, helping appraisers complete accurate desktop appraisals. Continue reading

Home price growth in New England states slow to a crawl in October

Home prices have continued to rise quickly throughout the U.S., but price growth halted in October in the Northeast, according to the Federal Housing Finance Agency’s House Price Index. Continue reading

Biden picks Sandra Thompson to lead Fannie and Freddie regulator

Although questions about the future of the mortgage giants remain, lending industry officials welcome selection of veteran regulator to lead FHFA. Continue reading

The million-dollar question: Do $1M Freddie Mac mortgages conflict with affordable housing mission?

Redwood Trust, which issues jumbo loans that are off limits to Fannie and Freddie, says costlier markets are better served by private lenders. Continue reading

Home price hikes persisted in Q3 as September signaled growth decline

Prices rose 4.2 percent in the third quarter of 2021 and were up 18.5 percent over the same time last year, according to the latest House Price Index by the Federal Housing Finance Agency. Continue reading

More lenders jumping the gun on historic Fannie, Freddie loan limits

Rocket Mortgage and United Wholesale Mortgage — the nation’s top two lenders — and at least five others are raising conforming loan limit to $625,000 ahead of an official FHFA announcement. Continue reading

Home prices continued to see record gains in July: FHFA

U.S. home prices rose 1.4 percent between June and July 2021, and 19.2 percent year over year, according to a price index released Tuesday by the Federal Housing Finance Agency. Continue reading