Reverse mortgages have become a popular—and sometimes controversial—way for Americans to make use of the accrued equity in their homes, especially for older homeowners. The latest controversy surrounds HUD foreclosures on homes participating in the home equity conversion mortgage (HECM) ...
Read More »Wallison: Treasury Department Wrong on Regulation Approach
Former White House Counsel and Senior Fellow in Financial Policy Studies at the American Enterprise Institute Peter J. Wallison put in an appearance Thursday on CNBC’s The Santelli Exchange, where he criticized the U.S. Treasury Department’s recent approach to regulation ...
Read More »Supreme Court Rejects Appeal in GSE Profits Case
This week the United States Supreme Court rejected appeals in a case challenging the federal government’s handling of profits generated by Fannie Mae and Freddie Mac since they came under government control during the 2008 financial crisis. On Tuesday, the ...
Read More »FHFA Report: GSEs’ Total Foreclosure Prevention Actions Cross 4M
The GSEs (Fannie Mae and Freddie Mac) completed 22,411 foreclosure prevention actions in November, bringing the total to 4,013,134 since the start of the conservatorships in September 2008, according to the Foreclosure Prevention Report released by the Federal Housing Finance ...
Read More »A Bump in Rates and Loan Sizes
Interest rates and loan sizes both got a boost in December. With 2017 topped off this rise, could 2018 bring more increases like this?
Read More »November Was Hot for Housing Prices
The housing market continued to grow, with house prices leading the way through most of 2017. According to the latest Housing Price Index data released by the Federal Housing Finance Agency (FHFA), home prices across the U.S. rose 0.4 percent ...
Read More »Total FHFA Prevention Actions Edge Close to 4 Million
Collectively, Fannie Mae and Freddie Mac sealed 18,034 foreclosure prevention actions back in October, bringing the combined total to 3,990,723 since the GSE conservatorships launched in September 2008, so says the Federal Housing Finance Agency’s (FHFA) October 2017 Foreclosure Prevention Report. By ...
Read More »Refinance Volumes Increased in November 2017
More borrowers refinanced through FHFA’s HARP program in November on the back of mortgage rates that remained lower in October 2017, according to an FHFA report.
Read More »FHFA Credit Changes Could Expand Homeownership
With the Enterprises considering major changes when it comes to GSE credit score standards, a FICO representative says they welcome the competition—so long as it’s fair.
Read More »FHFA Charts Year Ahead for Fannie & Freddie
Maintaining credit availability and foreclosure prevention activities for new and refinanced mortgages in a safe and sound manner are key goals for 2018 for the GSEs.
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