US Real Estate

Freddie Mac says the U.S. needs at least 3.3 million more homes

By Mike Wheatley | March 6, 2020
Home buyers are struggling to find an ideal property to buy due to a shortage of inventory across the nation, and things will likely get worse before they improve, according to a new study by Freddie Mac. Freddie Mac’s study reveals that there is a shortage of 3.3 million homes in the U.S. It puts […]
Mortgage, US Real Estate

Fannie and Freddie introduce new standard mortgage application form

By Mike Wheatley | October 29, 2019
Fannie Mae and Freddie Mac say their redesigned mortgage application form came into effect last week. The new form removes certain questions over applicant’s language preferences and housing counseling information. The Uniform Residential Loan Application is a standardized form that needs to be completed by most borrowers when they apply for a mortgage. Last weeks’ […]
Mortgage, US Real Estate

Fannie & Freddie allowed to retain their profits

By Mike Wheatley | October 3, 2019
The government says Fannie Mae and Freddie Mac will be allowed to retain $45 billion worth of their earnings this year, as part of a plan to help the government-sponsored entities return to private ownership. The vast majority of Fannie’s and Freddie’s profits have gone to the U.S. Treasury Department ever since they went into […]
Featured News, Mortgage, US Real Estate

White House proposes to end conservatorship of Fannie and Freddie

By Mike Wheatley | September 9, 2019
U.S. President Donald Trump’s administration last week put forward several proposals aimed at modernizing the Federal Housing Finance Agency and ending the federal government’s decade-long conservatorship of the government-sponsored enterprises. The proposals came following a demand from President Trump that responsible agencies come up with some meaningful reforms to the system, in order to reduce […]
US Real Estate

Freddie Mac intros CHOICERenovation loan to fund renovations and fixer-uppers

By Mike Wheatley | June 23, 2019
Freddie Mac has just announced a new mortgage offering aimed at those looking to finance fixer-uppers. The offering is also available to existing homeowners who want to improve their current homes. The CHOICERenovation loan product was announced this Wednesday, with Freddie Mac saying it’s available immediately to all approved lenders. It said lenders will have […]
Mortgage, US Real Estate

Fannie and Freddie automate mortgage applications for self-employed workers

By Mike Wheatley | March 19, 2019
Self-employed and freelance workers should find it easier to apply for a mortgage thanks to a newly automated system created by Fannie Mae and Freddie Mac. Previously, many self-employed and freelance workers have struggled to qualify for a mortgage, as they need to provide a ton of additional paperwork to prove their incomes. The process […]
Home Buying, US Real Estate

Freddie Mac blames seniors for the current housing shortage

By Mike Wheatley | February 13, 2019
Seniors are said to be creating a barrier for young adults entering home ownership for the first time, due to not moving out of their homes and instead deciding to “age in place”, according to a report from Freddie Mac. Freddie Mac’s February Insight report notes that around 1.6 million existing homes are being held […]
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