Looking to address the need for more affordable housing options, the FHFA will require that at least 50% of the GSE’s multifamily business be mission-driven affordable housing.
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FHFA Announces Targeted Changes to GSE Pricing Framework
The FHFA has taken further action to ensure that all borrowers and renters have equitable access to long-term affordable housing opportunities by implementing targeted increases to the upfront fees for most cash-out refinance loans.
Read More »Cash-Out Refis Drive Default Risk
GSE volume increased YoY in Q4, with low rates factoring into a steady rise in cash out refis.
Read More »Number of GSE Loans in Forbearance Plans Dips Lower
With the number of loans in forbearance trending downward, the FHFA has reported 71,000-plus foreclosure prevention actions in January.
Read More »How Did Refis Impact the 2008 Financial Crisis?
While there is still debate about the various factors that contributed to the 2008 financial crisis and the collapse of the housing market, a new paper by the Urban Institute suggests that the poor performance of cash-out refinances, and refinances in ...
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