Archives For: Featured Resources
Mortgage Giant Fannie Mae Promotes Controller to Finance Chief
Fannie Mae, the government-sponsored enterprise that guarantees mortgage loans, has promoted Chryssa Halley, from controller to chief financial officer.
1 Dec 2021
Freddie Mac Addresses Cryptocurrency in the Mortgage Qualification Process
In Bulletin 2021-36 Freddie Mac addresses cryptocurrency in the mortgage qualification process. Freddie Mac indicated that it is providing guidance “due to the high level of uncertainty associated with cryptocurrency.”
1 Dec 2021
2022 FHA Loan Limits: Floor Rises to $420,680; Ceiling to $970,800
Similar to the FHFA, the U.S. Department of Housing and Urban Development (HUD) announces maximum loan limits each year for FHA loans.
Today, they unveiled the 2022 FHA loan limits, which like the 2022 conforming loan limits, will be significantly higher than the limits in effect this year.
1 Dec 2021
Fannie Mae: Mortgage Serious Delinquency Rate Decreased in October
Fannie Mae reported that the Single-Family Serious Delinquency decreased to 1.46% in October, from 1.62% in September. The serious delinquency rate is down from 3.05% in October 2020.
30 Nov 2021
Sky High Home Prices Push Fannie Mae and Freddie Mac to Back Loans of Nearly $1 Million
Higher prices have pushed mortgage giants Fannie Mae and Freddie Mac to raise the limits of government-backed loans to a record level for 2022, with the maximum loan limit at nearly $1 million for high-cost areas.
30 Nov 2021
The State Where the Most People are Behind on their Mortgage
The American housing market is in the midst of a period of extraordinary price increases, driven by historically high demand.
28 Nov 2021
Freddie Mac: Mortgage Serious Delinquency Rate Decreased in October
Freddie Mac reported that the Single-Family serious delinquency rate in October was 1.32%, down from 1.46% in September. Freddie’s rate is down year-over-year from 2.89% in October 2020.
23 Nov 2021
Mortgage Delinquencies Continued to Drop in October, but Foreclosure Starts Inched Up
Mortgage delinquencies continued to drop during October, falling to just 3.74% of all loans, according to Black Knight’s First Look report.
22 Nov 2021
Fannie Mae Forecast Sees Fed Rate Increase in 2022; Offers Other Economic Predictions
Not surprisingly, inflation is a key forecast concern for the economy, according to the November 2021 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group, which predicts the Federal Reserve will likely move to raise rates in 2022.
22 Nov 2021
Black Knight’s First Look: Mortgage Delinquencies; Foreclosure Activity
Black Knight, Inc. reports the following “first look” at October 2021 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market.
22 Nov 2021