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
Ben Carson reportedly in the running to lead HUD again
As a Project 2025 author, Carson advocated raising FHA premiums and for a 'reset' of HUD to reverse 'corrosive progressive ideologies across the department’s programs'
by Matt Carter Nov 22
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
Healthy FHA reserves justify premium cuts, lenders say
Private mortgage insurers are hoping to head off a repeat of the 35% reduction approved by the Biden administration last year, which is projected to save homebuyers $5.1B over 10 years
by Matt Carter Nov 15
US credit ratings could soon be another worry for mortgage rates
Rating agencies are keeping a close eye on whether politicians in the nation's polarized Capitol will rise to challenges including the $34.8T national debt, debt ceilings and inflation
by Matt Carter Nov 14
Brokerages expect rates to drop. Their clients bank on the opposite
Potential real estate clients are growing less responsive to mortgage-rate dips, one of several key takeaways from the results of the latest Inman-Dig Insights consumer survey
by Daniel Houston Nov 11
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
Mortgage rates back at 7% as bond market investors stage rebellion
'Bond vigilantes' figure 'no matter which party wins the White House and the Congress, fiscal policies will bloat the budget deficit and heat up inflation,' Wall Street veteran Ed Yardeni warns
by Matt Carter Oct 28
Rising mortgage rates are taking their toll on homebuyer demand
Demand for mortgages is at the lowest level since July, although MBA survey shows purchase loan requests are up slightly from a year ago when rates were headed for post-pandemic highs
by Matt Carter Oct 23
The new redlining: Paying a buyer agent is just part of the challenge
Now that buyer agency compensation rules are in place, Trina Gonzales-Van writes, stakeholders must consider their impact on borrowers and whether they do more harm than good
by Trina Gonzales-Van Oct 22
Would-be homebuyers put off by higher mortgage rates
Demand for purchase mortgages fell by a seasonally adjusted 7% last week, and requests to refinance were down 26% as mortgage rates continued to climb, MBA survey finds
by Matt Carter Oct 16
Trump, Harris housing policies emerging from the rhetoric
Housing policy has gotten short shrift in the debates, with a tight focus on immigration and inflation. But the candidates' platforms — and Project 2025 — provide more details
by Matt Carter Oct 16
Floify teams with Argyle for income and employment authentication
Mortgage tech provider Floify's partnership allows lenders to perform Freddie Mac- and Fannie Mae-compliant verifications without leaving the Floify platform, executives announced Thursday
by Matt Carter Oct 15