FHFA tells Fannie & Freddie to focus on housing affordability in 2022

The Federal Housing Finance Agency has put affordability at the top of its agenda in its annual to-do list for government-sponsored enterprises, Fannie Mae and Freddie Mac. In its 2022 Scorecard, the FHFA also called on Fannie and Freddie to update their pricing frameworks to boost support for “core mission borrowers”. The target is loan-level

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Fannie Mae & Freddie Mac to raise loan limits to almost $1 million in some areas

Prompted by a massive rise in home prices over the last year, Fannie Mae and Freddie Mac are reportedly planning to revise the maximum size of the mortgages they’re prepared to back next year. According to the Wall Street Journal, the government sponsored entities are willing to increase their loan limits to almost $1 million

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Scammers out in Front of National Mortgage Settlement Deployment

Looking to re-victimize those already suffering abusive foreclosure practices and mortgages they can’t afford, scammers are moving faster than the bureaus deploying the National Mortgage Settlement.

Cook County Passes Ordinance to Regulate Vacant Homes

Today the Cook County Board passed an ordinance that will introduce regulations for vacant homes. The ordinance is similar to one that the city of Chicago recently instituted and will cover the non-incorporated areas in Cook County. The move comes in spite of the fact that the Chicago ordinance is now involved in a federal

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Lawmakers Looking to Block $12.79 Million Bonuses

Government-controlled mortgage finance firms, Fannie and Freddie, have received around $169 billion of taxpayer’s money in an effort to prop them up, but it was recently revealed the firms were paying just 10 executives around $12.79 million in bonuses. This unwelcome news has prompted lawmakers to look at ways of blocking these hefty bonus packages,

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Federal Regulators Plan to Overhaul Mortgage Refinance Program

Plans have just been revealed for federal regulators to overhaul a mortgage refinance program, and the White House hopes this will help to revitalize the housing market. This latest overhaul would allow homeowners to refinance their mortgages regardless of whether or not they are “underwater,” making this extremely significant for those homeowners in states where

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