Thu, Mar 11 2021, 12:55 PM
Fannie Mae has sent lenders an advanced notice that additional risk criteria is coming for loans it acquires from lenders. Lender Letter 2021-08 lays ...
Thu, Mar 11 2021, 11:24 AM
With all the hundreds of thousands of borrowers around the nation left to refinance, lenders are understandably concerned about mortgage rates creepin...
Fri, Mar 5 2021, 11:54 AM
A new policy paper from the Urban Institute (UI) looks at the recent amendments to the senior preferred stock purchase agreement (PSPA) agreed to by o...
Fri, Feb 26 2021, 9:11 AM
Deadlines for COVID-19 related relief for borrowers with Fannie Mae and Freddie Mac (GSE) mortgages were extended by the Federal Housing Finance Agenc...
Thu, Feb 11 2021, 11:52 AM
Fannie Mae will implement a new version of its Desktop Underwriter (DU) after the weekend of March 13 . Version 11.0 apply to loan casefiles submitted...
Fri, Jan 22 2021, 1:00 PM
Optimism is running high in Fannie Mae's first Economic and Housing Outlook of the year. The company's Economic and Strategic Research (ESR) team says...
Fri, Jan 22 2021, 9:59 AM
This week Joe Exotic did not receive a presidential pardon, nor did mortgage rates move much versus last week, but there are still over 16 million ref...
Wed, Jan 20 2021, 9:14 AM
Late last week the Federal Housing Finance Agency (FHFA) and the U.S. Department of the Treasury (Treasury) agreed to amend the Preferred Stock Purcha...
Fri, Jan 15 2021, 10:02 AM
As Flagstar’s Marcus L. points out, “1999 doesn't sound like that long ago until you realize that people with a birth year starting with ‘2’ are start...
Thu, Dec 17 2020, 1:53 PM
In November, the Federal Housing Finance Agency (FHFA) released a new regulatory capital framework for Fannie Mae and Freddie Mac (the GSEs). At the t...
Wed, Nov 25 2020, 9:36 AM
Second only to the excitement of the new phone book coming, the new conforming loan limit is $548,250 for 2021 , up from $510,400 in 2020, and some in...
Mon, Nov 23 2020, 10:02 AM
Sunday morning I was trying to explain to my cat Myrtle how the total cost of rescuing a stranded Matt Damon in all of his films (think Saving Private...
Thu, Nov 12 2020, 11:08 AM
Tried and true has won out over shiny and new, at least when it comes to GSE credit scoring. And at least for the moment. The Federal Housing Finance ...
Fri, Oct 30 2020, 11:54 AM
Both GSEs reported financial results for the third quarter of 2020 that were significantly higher than both their Q2 2020 and their 2019 numbers . Fan...
Wed, Oct 21 2020, 11:04 AM
The most recent Fannie Mae's Lender Sentiment Survey focuses on the complexities of lending to the condominium market. The company stresses that this ...
Tue, Oct 20 2020, 12:04 PM
Mark Calabria, director of the Federal Housing Finance Agency (FHFA) used the annual convention and expo of the Mortgage Bankers Association to announ...
Wed, Sep 23 2020, 3:56 PM
Mark Calabria, Director of the Federal Housing Finance Agency (FHFA) is stepping up his agency's actions to spring Fannie Mae and Freddie Mac (the GSE...
Mon, Sep 21 2020, 11:31 AM
Fannie Mae has upgraded its forecast for the third quarter gross domestic product (GDP). It now expects growth at an annualized pace of 30.4 percent ,...
Fri, Aug 28 2020, 11:13 AM
Both government sponsored enterprises (GSEs) have announced that their nationwide suspension of single-family foreclosures and evictions has been exte...
Thu, Jul 30 2020, 5:32 PM
Both government supported enterprises (GSE) reported increased profits in the second quarter of 2020 compared to Q1. Fannie Mae said its net comprehen...
Fri, Jul 24 2020, 9:50 AM
Black Knight notes a slight increase in the number of forbearance plans in effect this week even as the number of forborne loans serviced for the GSEs...
Tue, Jun 16 2020, 11:11 AM
The Federal Housing Finance Agency (FHFA) released its annual Report to Congress for 2019 on Monday. The report summarizes the FHFA's activities as re...
Tue, Jun 16 2020, 8:54 AM
What? You aren’t offering a 30-year rate below 3% yet? Better catch up, because that is where the mainstream press is telling borrowers rates are. Of ...
Wed, Jun 10 2020, 8:51 AM
Not only are origination staff asking for refreshed marketing efforts as volumes show a tinge of falling off, but how about this note that I received ...
Tue, May 26 2020, 8:43 AM
I doubt if I have ever pressed “7” or “8” on my microwave oven keypad. Speaking of 7 & 8 (I know, a weak segue), originators are keenly aware of what ...
Thu, May 21 2020, 10:13 AM
Maybe all of the talk about ending the GSE's long term incarceration in conservatorship is more than talk this time. Earlier this week both Freddie Ma...
Thu, Mar 26 2020, 12:50 PM
Flexibility seems to be the keyword as government agencies try to adjust to a lot of new realities. The Federal Housing Finance agency has already emp...
Tue, May 19 2020, 8:35 AM
Fannie Mae and Freddie Mac (the GSEs) have taken what each is calling an important step toward ending their 12 years of operating under conservatorshi...
Fri, May 15 2020, 11:42 AM
Fannie Mae's Economic and Strategic Research (ESR) group says it expects the U.S. gross domestic product (GDP) to decline by 35 percent (annualized) i...
Thu, May 7 2020, 5:05 PM
Fannie Mae's Home Purchase Sentiment Index (HPSI) plummeted 17.8 points in April. Combined with its 11.7-point loss in March the Index is at 63.0, its...
Fri, May 1 2020, 12:36 PM
Given their respective sizes, the economic dislocation created by the COVID-19 pandemic appears to have hit Fannie Mae harder than its competitor GSE ...
Fri, Apr 17 2020, 12:59 PM
Fannie Mae's April Economic Developments summary is, like Freddie Mac's, relatively optimistic only because they see the impact of the pandemic as bei...
Wed, Apr 15 2020, 1:15 PM
The Federal Housing Finance Agency (FHFA) and the Consumer Financial Protection Bureau (CFPB) have made arrangements to share information during the C...
Wed, Feb 19 2020, 9:57 AM
Everyone is looking to increase production and cut expenses. MI companies, for example, are re-focusing on their highlighting their value proposition ...
Tue, Feb 18 2020, 3:33 PM
Fannie Mae says the U.S. economy appears to be sustaining itself despite both the problems faced by Boeing and the fears about the global impact of th...
Fri, Feb 14 2020, 8:14 AM
Both of the government sponsored enterprises (GSEs) posted strong earnings for the fourth quarter of 2019 as well as for the entire year. They are now...
Mon, Feb 3 2020, 8:57 AM
“I boarded a Southwest flight over the weekend, sat down, sneezed, and muttered something in Mandarin. I had the whole row to myself for entire flight...
Wed, Jan 22 2020, 8:18 AM
In its first economic forecast of 2020, Fannie Mae's Economic and Strategic Research (ESR) Group is doubling down on its late 2019 predictions. The ec...
Thu, Dec 19 2019, 11:46 AM
Fannie Mae substantially revised its housing forecast this month, especially as regards new home construction. The company's Economic and Strategic Re...
Wed, Nov 20 2019, 8:49 AM
A new analysis from the real estate brokerage firm Redfin shows the typical homeowner in the United States now stays in their house for 13 years, five...
Mon, Sep 30 2019, 2:56 PM
On Monday the government slightly loosened the leash on which it has held the two government sponsored enterprises (GSEs) for more than 11 years . In ...
Mon, Sep 23 2019, 9:04 AM
Call it a comfortable barge or a luxury water house, thanks to Rudy D. for sending along this story about a $5.5 million floating home in Florida . Go...
Thu, Sep 19 2019, 8:38 AM
Fannie Mae says consumer spending will continue to support the economy. The company's Economic Summary for September cites increases in auto and retai...
Fri, Sep 6 2019, 11:24 AM
The Treasury Department released the Trump Administration's long-awaited plan for reforming the nation's housing finance system on Thursday. Treasury ...
Fri, Sep 6 2019, 9:08 AM
Yesterday the industry reacted to the topic of housing finance reform. HUD presented its plan for FHA . But, like Farrah Fawcett passing away on the s...
Thu, Sep 5 2019, 9:05 AM
Do you know what is picking up steam out there? Credit unions are on a “bank buying spree.” The numbers aren’t huge, but these not-for-profit financia...
Thu, Aug 22 2019, 2:42 PM
Sources are telling Bloomberg that a report on the White House's plan to release Fannie Mae and Freddie Mac (the GSEs) from their 11-year long conserv...
Mon, Aug 19 2019, 12:09 PM
Fannie Mae used a fair number of trade-offs in while coming up with its revised outlook for the real gross domestic product (GDP) this year. The compa...
Mon, Aug 12 2019, 3:22 PM
After years of planning, the two government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac launched their uniform mortgage-backed security (U...
Wed, Jul 17 2019, 8:34 AM
This month marks the tenth anniversary of the current expansion. How much longer can it last? Fannie Mae's July Economics Development report indicates...
