Archives For: mortgage industry
Fannie Mae Reminds Homeowners, Renters, and Mortgage Servicers of Assistance Options Following Recent Tornadoes in Central and Southern States
Fannie Mae is reminding homeowners and renters impacted by the recent tornadoes in communities across Kentucky, Missouri, Illinois, Tennessee, Arkansas and Mississippi of available mortgage relief options.
14 Dec 2021
Freddie Mac Confirms Immediate Mortgage Relief Options for Homeowners Affected by Tornado Outbreaks
Freddie Mac today reminded homeowners and mortgage servicers of its immediate disaster relief options for those affected by the outbreak of tornadoes in Kentucky and the surrounding areas.
14 Dec 2021
Non-Profit Bidders Successfully Purchase more than 800 Mortgage Notes through HUD-Held Vacant Loan Sale
Non-profit bidders successfully purchased more than 800 mortgage notes through a HUD-held vacant loan sale in early December.
13 Dec 2021
Five Trends Reshaping the US Home Mortgage Industry
Consumer demand for mortgages in the United States has skyrocketed, due to a surge in home buying during the COVID-19 pandemic and as a result of low interest rates that have made refinancing attractive over the past two years.
7 Dec 2021
Black Knight: Number of Mortgages in Forbearance “Drops Below the Million Mark”
Daily tracking data through December 1 shows the number of active forbearance plan totals dropping below 1 million for the first time since the start of the pandemic.
3 Dec 2021
Thousands Could Soon Lose – or Sell – Their Homes as Covid Mortgage Bailouts Expire
Hundreds of thousands of homeowners could soon lose or sell their homes as Covid-related mortgage bailout programs expire.
2 Dec 2021
Mortgage Lending Declines at Unusually Fast Pace Across U.S. During Third Quarter of 2021
ATTOM, curator of the nation’s premier property database, today released its third-quarter 2021 U.S. Residential Property Mortgage Origination Report, which shows that 3.59 million mortgages secured by residential property (1 to 4 units) were originated in the third quarter of 2021 in the United States. That figure was up 3 percent from the third quarter of 2020, but down 8 percent from the second quarter of 2021 – the largest quarterly dip in over a year.
2 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
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
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