Archives For: Fannie Mae
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
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
The Federal Government May Guarantee Mortgages of Nearly $1 Million
Fannie Mae and Freddie Mac will raise lending ceilings in the next few weeks, making it more straightforward for buyers of more expensive homes to obtain financing.
15 Nov 2021
New Mortgage Refinance Programs from Fannie Mae and Freddie Mac are Expanding to Reach More Homeowners
The goal of Fannie Mae’s and Freddie Mac’s refi programs is to help low-to-moderate income households take advantage of historically low mortgage rates.
11 Nov 2021
MBA: Forbearance Hits Lowest Level Yet
The share of Fannie Mae and Freddie Mac loans in forbearance has reached the lowest level since the start of the pandemic, according to the Mortgage Bankers Association, but an increase in the number of borrowers exiting forbearance into loan modifications points to ongoing struggles in the recovery from the pandemic.
9 Nov 2021
Fannie and Freddie Loans in Forbearance Drop Below 1%
The total number of loans now in forbearance decreased by 6 basis points to 2.15% of servicers’ portfolio volume as of Oct. 24, 2021.
2 Nov 2021
FHFA Proposes New Disclosure Requirements for Fannie and Freddie
The Federal Housing Finance Agency is proposing public disclosure requirements for Fannie Mae and Freddie Mac that would closely align with international standards for large banks.
27 Oct 2021
MBA Raises Volume Forecast even with Uncertainty Over Fiscal Policy
The Mortgage Bankers Association raised its genesis forecast for 2021, but the outlook of its economists remains more conservative than that of Fannie Mae and Freddie Mac.
19 Oct 2021
FHFA Announces Changes to Low Income Refi Programs and Appraisal Requirements
Both Fannie Mae and Freddie Mac (the GSEs) will be expanding their low-income refinance programs to include those making at or below 100 percent of an area’s median income (AMI).
19 Oct 2021