Tag Archives: Fannie Mae

Former Fannie Mae Chief of Staff is promoted by Cenlar to help drive organizational change, employee engagement, process improvements, and business continuity within the subservicer.

"We're excited to release the new social disclosures after receiving positive feedback on the proposal over the last several months," said Devang Doshi, SVP of Single-Family Capital Markets at Fannie Mae.

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.

With both Freddie Mac and Fannie Mae reporting their Q3 financials, click through to read the details and get insights from each GSE’s CEO.

A new Fannie Mae report finds consumer confidence declining to the lowest level seen in the report’s 11-year history.

According to the 2019 Survey of Consumer Finances conducted by the Federal Reserve, on average white families held just under a million dollars in accumulated wealth, while Black and Latino families had about $150,000 in wealth.

The latest market report from Fannie Mae revealed a possible economic slowdown in coming months, which would reduce housing demand even further. Meanwhile experts predict prices and rents may stabilize or even fall in some markets within the new year.

“As home valuations are a vital component of the mortgage process, publishing transparent, aggregate data on appraisals provides useful information to the public while protecting borrowers’ personally identifiable information,” said FHFA Director Sandra L. Thompson.

In response to the additional stress on their balance sheets, some mortgage industry firms have announced layoffs, ceased specific products, or shuttered all together.

HUD and the Census Bureau reported that single-family home sales fell month-over-month in September, with the nation’s supply of homes for sale rising by 1.1 months to 9.2, above the standard for a balanced market that favors buyers and sellers evenly.