Tag Archives: Fannie Mae

Fannie Mae's Innovation Challenge 2022 will help the company seek innovative, scalable proposals to remove barriers that currently prevent many households, including Black households, from purchasing or renting a home.

DS News speaks with representatives of Chase Home Lending, Fannie Mae, U.S. Bank, and more about last year’s victories and how they’re facing the recessionary economic challenges of 2023.

A rise in mortgage rates over the past year and inflationary concerns have constrained the purchasing power of prospective buyers, resulting in home price declines of the past two quarters.

With home sales having dropped sharply this past year, Fannie Mae experts discuss the impact of lowering mortgage rates and what factors drove purchase demand to increase. Here’s why the housing market is now "in a different phase of the economic and housing cycle.”

Doug Duncan, Fannie Mae’s SVP and Chief Economist, noted that “respondents continue to cite high home prices and unfavorable mortgage rates as the primary reasons for their pessimism.”

The 2023 Scorecard builds on the progress made by the GSEs in 2022 to strengthen capital position while advancing equitable and sustainable access to homeownership and rental housing nationwide.

In establishing replacement rates for legacy LIBOR products, Fannie Mae has reached a key milestone necessary to prepare the mortgage marketplace for the end of LIBOR.

The FHFA reports that Fannie Mae and Freddie Mac sold 155,034 non-performing loans with a total unpaid principal balance of $28.7 billion from the program’s inception in 2014 through June 30, 2022.

According to the FHFA’s Q3 2022 Foreclosure Prevention and Refinance Report, the Enterprises completed 69,362 foreclosure prevention actions within the quarter, helping troubled homeowners nationwide to stay in their homes.

The GSE’s Economic & Strategic Research Group predicts the economy will experience recessionary conditions starting during the first quarter of 2023. Here’s what else their latest forecast suggests.