Fannie Mae says we’ll enter into “modest recession” next year

Fannie Mae economists have warned that they believe a recession is likely on the horizon, though they stress that the strength of the housing market will ensure it is less severe than the Great Recession of the mid-2000s. With inflation currently at a 40-year high and uncertainty growing due to the Russia-Ukraine conflict and other

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Fannie Mae And Freddie Mac Changes Make Selling A Condo More Difficult

In the early morning hours of June 24, 2021, the Champlain Towers South in the Miami Beach area collapsed killing 98 people. It was headline news for days as rescuers searched for survivors. After the dust settled, federal investigators pulled together evidence showing the 12-story, 136-unit oceanfront condo building had substantial concrete structural damage to

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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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Fannie Mae to allow third-party homeownership education courses

Fannie Mae has said it will allow third-party operators to provide the homeownership education courses that many buyers are compelled to take to secure a mortgage. The organization said the third-party homeownership education providers will have to be aligned with the National Industry Standards for Homeownership Education and Counseling or with the Department of Housing

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Fannie Mae just gave renters aspiring to home ownership a big boost

First time buyers who’ve always stayed current on their rent might have a better chance of securing a mortgage now. That’s because Fannie Mae is now allowing lenders to factor in an applicant’s rental payment history as part of the mortgage underwriting process for the first time. The move was announced by the Federal Housing

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June 2021 Signals Indicate Housing Market Easing

Buyer sentiment data shows that potential new homeowners are chilling out about purchasing in this seller’s market.

President Biden to replace Mark Calabria as head of FHFA

Update: The Federal Housing Finance Agency announced late Wednesday that President Biden has appointed Sandra Thompson as the agency’s acting director. Thompson has served as the deputy director of the Division of Housing Mission and Goals (DHMG) since 2013. U.S. President Joe Biden will replace the leader of the Federal Housing Finance Agency following a

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High prices and low inventory frustrate buyers

Home buyers are getting more frustrated with the rising prices and lack of options in the housing market. Fannie Mae’s latest Home Purchase Sentiment Index reveals that just 35% of people believe now is a good time to buy a home, down from 47% just a month ago. Moreover, the percentage of people who think

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Fannie & Freddie’s new mortgage payment deferral plan

Fannie Mae and Freddie Mac have announced a new payment deferral option for homeowners who’re struggling to meet their mortgage repayments. The new option is available regardless of if homeowners are struggling to pay due to the coronavirus outbreak, HousingWire reported. The new option would enable homeowners to defer payments for up to two months,

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