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
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
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
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
It’s been an abrupt about-face for Fannie and Freddie, which under the Trump administration were on a path to privatization. Democrats have put the brakes on those plans, seeing an opportunity to use Fannie and Freddie to provide better access to home … Continue reading
Having put the brakes on the Trump administration’s plans to reprivatize Fannie and Freddie, Democrats have been pushing for the “government sponsored enterprises” to provide more home loans for underserved borrowers. Continue reading
The Federal Housing Finance Agency wants at least 35 percent of the purchase mortgages backed by Fannie and Freddie to be taken out by low- and very low-income borrowers, up from 30 percent today. Continue reading
Now more than ever, properties are selling well over list price, and buyers are chomping at the bit to purchase. Here’s why you shouldn’t wait to get in on the action. Continue reading
Both companies benefited from rising home prices, and a resurgence in refinancings prompted by falling mortgage rates, which have come down from 2021 peaks seen in March. Continue reading
Mortgage lenders tightened underwriting standards in June, undoing much of the easing seen over the last six months as initial fears about the long-term impacts of the pandemic began to wane. Continue reading