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
Would-be homebuyers with thin credit files will have a better chance of getting approved for a mortgage if they’ve been paying their rent consistently, thanks to changes to Fannie Mae’s automated underwriting system taking effect next month. 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
Home prices rose 1.8 percent in April and 15.7 percent year over year. Both figures represent record growth for the House Price Index. Continue reading
The FHFA announced that Fannie Mae and Freddie Mac will begin offering a new refinance product this summer for low-income homeowners. Continue reading
The Federal Housing Finance Agency announced on Wednesday it will retire flexibilities after this final extension due to low usage. Continue reading
The data doesn’t yet reflect the impact of COVID-19. Continue reading
In an unpredictable market, demand for jumbo mortgages is declining as more homeowners seek forbearances and investors look to more secure loans. Continue reading
For now, evictions and foreclosures will be placed on a moratorium until the end of April. Continue reading
Fannie Mae, Freddie Mac and the Federal Housing Administration increased their loan limits to $510,400 and $331,760, respectively. Continue reading