Following months of talk and speculation, both Fannie Mae and Freddie Mac announced on Monday they will begin allowing qualifying first-time borrowers to purchase homes with just a 3 percent down payment.
Read More »Survey Reveals Less Than Optimistic Attitude Toward Housing, Economy
Americans' sentiment toward housing and the economy took a small backward step in November, according to Fannie Mae's National Housing Survey released Monday.
Read More »Fannie Mae Portfolio Declines Again In October
Fannie Mae's gross mortgage portfolio declined for the 51st time in the last 52 months in October, according to the mortgage giant's October 2014 Monthly Summary released recently.
Read More »Refi Volume Rising While HARP Numbers Keep Falling
Low mortgage interest rates helped elevate refinance volumes throughout the third quarter as demand for the government's relief refinance program continued to diminish.
Read More »FHFA Announces Policy Change For GSEs’ Existing REO Sales
The Federal Housing Finance Agency (FHFA) announced a policy change on Wednesday that would allow Fannie Mae and Freddie Mac to sell existing REO properties to any qualified purchaser at fair market value, which would be determined by the companies.
Read More »FHFA Says Conforming Loan Limits Will Not Change for 2015
Conforming loan limits will remain untouched throughout most of the country for 2015, the Federal Housing Finance Agency (FHFA) revealed Monday.
Read More »Fannie Mae to Sell Foreclosed Vacant Properties to Detroit Land Bank
Fannie Mae announced it has agreed to sell 44 foreclosed vacant properties to the Detroit Land Bank Authority as part of a partnership to stabilize neighborhoods in the greater Detroit area, which has seen a dramatic spike on the number of foreclosures in the last two years.
Read More »Fannie Mae Expects Modest Economic Growth in 2015
Despite slower economic growth in recent months following a strong showing in mid-2014, Fannie Mae's Economic and Strategic Research Group said in a report released Thursday that it still expects 2015 to be a slightly better year overall economically in the U.S
Read More »GSEs Announce Updates to Loan Repurchase Guidelines for Lenders
At the direction of the Federal Housing Finance Agency (FHFA), both Fannie Mae and Freddie Mac announced on Thursday updates to their life-of-loan representation and warranty framework in order to provide clarity for lenders regarding the potential risk for repurchase.
Read More »Consumer Confidence Growing, But Attitudes Toward Housing Remain Mixed
Despite growing economic confidence, Americans' housing sentiment remained mixed in October, according to survey findings from Fannie Mae.
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