This net income increase is up significantly from the first quarter of 2020, when, struggling with restrictions due to COVID-19, the mortgage giant posted a net income of just $500M
Eligible borrowers on average would see monthly savings between $100 and $250
The 12.2% gain represents an increase of $35K for a median-priced home that sold a year ago at $290K, according to data released Tuesday by the Federal Housing Finance Agency
2.3M homeowners still aren't making their monthly mortgage payments
Rising mortgage rates cause Fannie Mae and Freddie Mac to downwardly revise forecasts
Residential housing starts rose 19.4 percent from February to March, according to a new report from the US Census Bureau
Mortgage Bankers Association says lenders have been gearing up for changes, and new standards will actually increase access to credit
The Housing Trust Fund is funded by a fee on Fannie Mae and Freddie Mac and devoted to affordable housing for low- and extremely low-income households
Fannie Mae’s Home Price Sentiment Index increased by 5.2 points from February to 81.7 in March. Year over year, the index is up 0.9 points
But Fannie Mae and Freddie Mac continue to extend options to avoid in-person appraisals
Applications for refinancings and purchase loans are both down from a week ago
The number of mortgages in forbearance dropped below 5% first time since the start of the pandemic
Self-employment has advantages, notably the home office deduction and eliminating commute time. Getting a mortgage, however, is not one of them. Here are a few tips that address the newly stiffened requirements for approval
The overall decline of mortgage loans in forbearance was led by Ginnie Mae loans, which dropped by 7 basis points from the previous week to 7.28% of loans in forbearance
According to the Mortgage Bankers Association's latest report, mortgage forbearances rose 1 basis point for the week ending on Feb. 21