Freddie Mac announced Tuesday that it has obtained a number of insurance policies under its Agency Credit Insurance Structure (ACIS) in an effort to reduce risk to taxpayers in mortgage loans and further expand risk-sharing initiatives beyond capital markets. The announcement comes one week after Fannie Mae announced it was expanding the role of private capital in the mortgage market by transferring the credit risk on a pool of loans from taxpayers to a panel of domestic reinsurers.
Read More »Freddie Mac Predicts Biggest Year for Home Sales Since ’07
Freddie Mac predicted that 2015 will see the highest level of home sales in the U.S. since 2007 in its December 2014 U.S. Economic and Housing Market Outlook released on Tuesday.
Read More »Community Lending Group Asks Government To Amend GSE Bailout Terms
As Fannie Mae and Freddie Mac continue to generate profits in a recovering housing market, a group of community lenders has joined the chorus of advocates calling for the government to revisit the terms of its bailout agreement with the two mortgage giants.
Read More »Lawmaker Criticizes FHFA’s Decision to Allocate GSE Money to Housing Groups
U.S. Representative Ed Royce (R-California), a senior member of the House Financial Services Committee, has issued a statement calling the Federal Housing Finance Agency (FHFA)'s announcement that the Agency will divert GSE money to the Housing Trust Fund and Capital Magnet Fund "outrageous."
Read More »Survey: Nearly 70 Percent of Industry Professionals See Lower Down Payment As Positive
The majority of mortgage industry professionals said they believed that the lowering of the down payment to 3 percent for first-time homebuyers by Fannie Mae and Freddie Mac is a step in the right direction for the housing market, according to the Collingwood Group's November 2014 Mortgage Industry Outlook Report released earlier this week.
Read More »Survey: Mortgage Professionals Believe Business Is Better Than Last Year
Despite persistent concerns about risk and regulatory compliance, the majority of mortgage professionals agree that business conditions today are better now than they were a year ago.
Read More »Fannie Mae, Freddie Mac Announce Moratorium On Evictions for Foreclosed Properties
Fannie Mae and Freddie Mac announced on Tuesday a moratorium on evictions for single-family foreclosed homes for the holiday season.
Read More »Mortgage Professionals Support Reducing Presence of GSEs in Market
As policymakers continue to mull over the possible dissolution of Fannie Mae and Freddie Mac, a new survey shows industry professionals support the continued—albeit reduced—presence of the two mortgage giants in the market.
Read More »GSEs Officially Lower Down Payment to 3 Percent for Qualifying First-Time Homebuyers
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 »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.
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