GSEs

According to the FHFA’s Foreclosure Prevention and Refinance Report for the third quarter, the GSEs’ serious delinquency rate declined at the end of the quarter, with Fannie Mae and Freddie Mac completing more than 43,000 foreclosure prevention actions during Q3.

A new report reveals that the national delinquency rate inched higher in November but remains below pre-pandemic levels, while "serious" delinquencies—those that are more than 90 days past due—also rose but are down year-over-year.

“Storms, floods, fires, and heat waves are getting stronger and more frequent. They are making the human cost of our warming world all too real, especially for America's homeowners and renters,” said Tim Judge, SVP and Head of Modeling and Climate Change Officer for Fannie Mae.

The latest forecast from Freddie Mac for multifamily housing predicts that rent growth will moderate due to the fact that completions will peak during the year.

According to the MBA, the share of mortgage loans in forbearance decreased to 0.26% nationwide in November, with roughly 70% of loan workouts initiated since 2020 classified as current.

Taking a deep dive into Supplemental Partial Claims, Joseph Smith of Stretto explains the benefits and drawbacks they present in today’s mortgage landscape, and other considerations.

After interviewing over 100 highly placed and senior housing experts, most were positive and optimistic about future home price growth during calendar years 2024 and 2025.

“Over the past year, the HPSI has plateaued at a low level, evidence of persistent consumer pessimism regarding the state of the housing market,” said Doug Duncan, Fannie Mae SVP and Chief Economist.

In a letter, nearly 80 consumer, energy, housing, health, manufacturing, and environmental organizations called on the Federal Housing Finance Agency to help lower costs and make housing safer and healthier, in addition to suggesting requirements that all new homes with mortgages backed by Fannie Mae and Freddie Mac meet updated energy codes.

In 2022, the Federal Housing Finance Agency began collaborating with Fannie Mae and Freddie Mac to explore the intersection of climate change, housing finance, housing policy, and community development. Here’s what they found.