Despite persistent concerns about risk and regulatory compliance, the majority of mortgage professionals agree that business conditions today are better now than they were a year ago.
Read More »Mortgage Professionals Support Reducing Presence of GSEs in Market
As policymakers continue to mull over the possible dissolution of Fannie Mae and Freddie Mac, a new survey shows industry professionals support the continued—albeit reduced—presence of the two mortgage giants in the market.
Read More »Refi Volume Rising While HARP Numbers Keep Falling
Low mortgage interest rates helped elevate refinance volumes throughout the third quarter as demand for the government's relief refinance program continued to diminish.
Read More »FHFA Announces Policy Change For GSEs’ Existing REO Sales
The Federal Housing Finance Agency (FHFA) announced a policy change on Wednesday that would allow Fannie Mae and Freddie Mac to sell existing REO properties to any qualified purchaser at fair market value, which would be determined by the companies.
Read More »FHFA Says Conforming Loan Limits Will Not Change for 2015
Conforming loan limits will remain untouched throughout most of the country for 2015, the Federal Housing Finance Agency (FHFA) revealed Monday.
Read More »FHFA Announces Strategic Plan for GSE Conservatorship, Regulation of FHL Banks
The Federal Housing Finance Agency (FHFA) has announced its strategic plan for the fiscal years 2015 through 2019, reflecting the FHFA's priorities as a regulator and conservator of government-sponsored enterprises Fannie Mae and Freddie Mac as well as regulator of the 12 Federal Home Loan (FHL) Banks.
Read More »FHFA Director Outlines GSEs’ Strategic Objectives Before Senate Banking Committee
In his first time to testify before Congress since he became director of the Federal Housing Finance Agency (FHFA) in January, Mel Watt on Wednesday outlined three main objectives that make up the 2014 Conservatorship for Fannie Mae and Freddie Mac and discussed the agency's progress toward each in the last 10 months.
Read More »FHFA Director to Testify at Senate Banking Committee Hearing
Federal Housing Finance Agency (FHFA) director Mel Watt will testify before the Senate Committee on Banking, Housing, and Urban Affairs in an open session on Wednesday, November 19.
Read More »Lender Does Not Plan to Relax Mortgage Credit Standards
The issue is a commonly cited problem for younger first-time homebuyers, who, in addition to facing tight mortgage criteria, also have to clear the hurdle of saving for a down payment.
Read More »HARP Volume Drops Despite Increase In Refinances
Declines in mortgage interest rates helped spur a pickup in refinances in August, even as interest in the Home Affordable Refinance Program (HARP) continues to wane.
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