Tiny home with garage sells out on Amazon after Black Friday buzz
One of the most appealing aspects of the $14K tiny home is its modern, modular design, which is easy to assemble and highly customizable to suit the homebuyer's preferences and lifestyle
by Richelle Hammiel Dec 2
Fannie, Freddie loan limits upped to $806,500 in most markets
Mortgage giants will be allowed to back loans of up to $1.2M in high-cost markets, providing ammo to critics who say goverment backing for mortgages adds to affordability woes
by Matt Carter Nov 26
Rates blamed again as US home price growth stalls in third quarter
Home prices continued to rise in September, albeit at a more sluggish pace, according to dueling reports released Tuesday by the Federal Housing Finance Agency and the S&P Dow Jones Indices
by Richelle Hammiel Nov 26
Campaign to stop Fannie Mae title waiver pilot program resumes
Title insurers have waged a protracted PR and lobbying campaign opposing the pilot program and other title insurance alternatives endorsed by the Biden administration and consumer groups
by Matt Carter Nov 20
Investors betting Trump will privatize Fannie Mae, Freddie Mac
Shares in the mortgage giants soared Wednesday on expectations that the Trump administration and Congressional Republicans will revive efforts to privatize the mortgage giants
by Matt Carter Nov 6
Falling rates help boost Fannie and Freddie loan volumes, net worths
Mortgage giants Fannie Mae and Freddie Mac provided backing for $164B in purchase mortgages in Q3, up 10% from Q2, while remaining profitable and growing their combined net worths to $147B
by Matt Carter Nov 1
Fannie and Freddie will let more buyers off the hook for an appraisal
Appraisal waiver programs that rely on automated valuation models will be expanded next year to allow participation by homebuyers putting less than 20% down, with OK from federal regulator
by Matt Carter Oct 29
US home prices rise modestly amid affordability strains
US home prices were up in August, with both the Federal Housing Finance Agency (FHFA) and S&P CoreLogic Case-Shiller Indices recording a 4.2% annual gain
by Richelle Hammiel Oct 29
Homebuyers get a break as big lenders redefine 'jumbo mortgage'
CrossCountry Mortgage joins Rocket, Pennymac, UWM and Rate in raising conforming loan limit above current $766,550 cap for Fannie Mae and Freddie Mac ahead of an official announcement
by Matt Carter Sep 24
Home prices remained relentless in July, even as growth slowed
Home prices continued to break records in July, according to reports released by S&P Dow Jones and FHFA on Tuesday. Some economists said lower rates may fuel demand, pushing prices higher
by Lillian Dickerson Sep 24
Pennymac joins Rocket in boosting conforming loan limit to $802,650
Lenders have gotten into the habit of helping some homebuyers avoid jumbo loans by raising their limits before an official announcement by Fannie Mae and Freddie Mac's federal regulator
by Matt Carter Sep 17
Trump allies formulating plans to privatize Fannie and Freddie
A new 'Wall Street Journal' report reveals that talks about privatization have been taking place since the spring and have included Trump confidants Larry Kudlow and John McEntee
by Jim Dalrymple II Sep 13
Rocket is first mortgage lender to raise its conforming loan limits
Rocket will treat loans of up to $802,650 as conforming ahead of expected increase. Last year UWM and Rate also got a jump on the official announcement by Fannie and Freddie's regulator
by Matt Carter Sep 13
Mortgage industry vet Diana Reid is first woman to lead Freddie Mac
With former JP Morgan Chase Director Priscilla Almodovar serving as Fannie Mae's CEO since 2022, both mortgage giants are now led by women for the first time in history
by Matt Carter Sep 10
Case-Shiller Index keeps breaking records as HPI growth curbs pace
S&P CoreLogic's report also showed that first-time homebuyers are being impacted most by rising prices, since prices in the lower end of the market are rising more quickly than other tiers
by Lillian Dickerson Aug 27