Fannie and Freddie what the Future holds

As Fannie-Freddie reform gets underway, here are the three big questions for the housing market. It's been over a decade in the making, but an overhaul of Fannie and Freddie Mac is finally in the cards. The acting head of Fannie’s and Freddie’s regulator, the Federal Housing Finance Agency, told employees that he was working … Continue reading Fannie and Freddie what the Future holds

A Fight Over the Credit Score Lenders Use for Your Mortgage

~very interesting, what do you think?~ A Fight Over the Credit Score Lenders Use for Your Mortgage Banks and rival lenders are butting heads over the credit scores used to decide millions of mortgage requests by U.S. home buyers. Now, a federal agency is weighing whether to step into the fight, which revolves around a … Continue reading A Fight Over the Credit Score Lenders Use for Your Mortgage

Homeownership education is evolving and it’s good for business

Homeownership education is evolving and it's good for business June is National Homeownership Month and that gives us an opportunity to think about why we do the work we do. Helping our lender partners serve borrowers in every market is at the center of Fannie Mae’s mission, so we’re always trying to find new ways … Continue reading Homeownership education is evolving and it’s good for business

Fannie Mae will ease financial standards for mortgage applicants next month

Fannie Mae will ease financial standards for mortgage applicants next month  Fannie Mae will ease financial standards for mortgage applicants next month The top reason mortgage applicants nationwide get rejected is because they’re carrying too much debt relative to their monthly incomes. Fannie Mae will be raising its DTI ceiling from the current 45 percent … Continue reading Fannie Mae will ease financial standards for mortgage applicants next month

HAMP is expiring but do not despair

Step Aside HAMP, There’s a New Kid in Town With the Home Affordable Modification Program (HAMP) set to expire in less than three weeks, Fannie Mae has designed a foreclosure prevention program, Flex Modification, to help America’s families by offering reductions to their monthly mortgage payments. According to the announcement Wednesday, from the GSE, this … Continue reading HAMP is expiring but do not despair

The Regulatory Cost of Homeownership

From the MReport 5/12/16 Regulations in the housing market are not only an added responsibility for mortgage companies, but it seems that compliance costs are spilling over into American households. A recent study titled, "Government Regulation in the Price of a New Home" by Paul Emrath, Ph.D., VP of Survey and Housing Policy Research for the National … Continue reading The Regulatory Cost of Homeownership

Prospective Homeowners Held Back by Financial Situation

From The MReport.com 2/9/16 Although rents continue to rise at a rapid pace, many non-homeowners are still shying away from the real estate market due to down payment and credit score troubles. Zillow's Rent Forecast found that rents will flatten in 2016, but will still be unaffordable in most markets. This presents yet another challenge for … Continue reading Prospective Homeowners Held Back by Financial Situation

Is It Harder or Easier to Get a Mortgage Today?

Is It Harder or Easier to Get a Mortgage Today? 1/28/16 . The federal government has made borrowing money easier for homebuyers with less traditional housing situations and lower incomes while making it more difficult for buyers with burdensome student loan and other debt to get mortgages. The changes are intended to reflect the realities … Continue reading Is It Harder or Easier to Get a Mortgage Today?

How Fed Rate hike could affect Housing, Autos

The Federal Reserve is expected to announce a rate hike soon. USA TODAY financial reporter Paul Davidson tells us what it could mean for the economy. USA TODAY Rising interest rates should only modestly slow rebounding industries, such as housing.(Photo: AP) 827 CONNECTTWEET 85 LINKEDIN 24 COMMENTEMAILMORE The Federal Reserve's expected hike in its benchmark … Continue reading How Fed Rate hike could affect Housing, Autos

With Fed rate hike expected, 5 things to look for Today

With Fed rate hike expected, 5 things to look for Wednesday With Fed expected to raise rates, here are 5 things to look for Wednesday By Martin Crutsinger, AP Economics Writer 7 hours ago In this Wednesday, Feb. 25, 2015, file photo, Federal Reserve Chair Janet Yellen removes her glasses as she testifies on Capitol … Continue reading With Fed rate hike expected, 5 things to look for Today