With many Americans citing high home prices and mortgage rate conditions as primary reasons for being unable to afford a home, an estimated 75% of consumers in Fannie Mae’s latest Home Purchase Index believe now is a bad time to buy a home, causing many to pull back from their home searches.
Read More »Priscilla Almodovar to Serve as Fannie Mae CEO
A financial services veteran, Almodovar brings more than 30 years of finance, real estate, and community development expertise and a strong commitment to affordable housing.
Read More »Snapshot: How GSE Programs Have Helped Homeowners Since 2008
The FHFA’s latest 2022 Foreclosure Prevention and Refinance Report breaks down Agency data ranging from foreclosures and REOs to forbearance and mortgage performance.
Read More »Predicting the Future of the Hispanic Housing Market
Hispanic homeownership has steadily grown for seven consecutive years, and it is predicted that Hispanic households will account for 70% of homeownership growth over the next 20 years. But amidst a tight housing market, potential Hispanic homebuyers —especially first-time buyers— ...
Read More »Fannie Mae Executes Ninth Credit Insurance Risk Transfer of 2022
Fannie Mae has executed its ninth Credit Insurance Risk Transfer (CIRT) transactions of 2022. CIRTs are part of the GSEs’ ongoing effort to reduce taxpayer risk by increasing the role of private capital in the mortgage market, as CIRT 2022-7 ...
Read More »Wells Fargo Dedicates $300,000 to Assist Victims of Hurricane Fiona
A donation from the Wells Fargo Foundation to be dedicated toward disaster relief efforts in Puerto Rico to rebuild the region in the wake of Hurricane Fiona making landfall.
Read More »Fannie Mae Continues to Forecast 2023 Recession
According to new research from Fannie Mae’s Economic and Strategic Research Group (ESR), the housing market is expected to further cool as mortgage rates continue to rise and continues to predict an official recession conditions in 2023. According to the ...
Read More »Ginnie Mae Loans in Forbearance Rise in August
While overall mortgage servicers’ portfolio volume of loans in forbearance continues to dwindle, Ginnie Mae loans in forbearance increased in August, with approximately 360,000 U.S. homeowners currently in forbearance plans.
Read More »19th Annual Five Star Conference Launches in Dallas
The 2022 Five Star Conference kicked off its first full day of programming with programming targeting Five Star’s Federation of REO Certified Experts (FORCE) and culminating in the annual opening night reception hosted by Auction.com.
Read More »Fannie Mae Onboards New Chief Risk Officer
Fannie Mae has announced it has appointed Anthony Moon as Executive Vice President and Chief Risk Officer (CRO), effective starting in the fourth quarter 2022. In this role, Moon will be responsible for Fannie Mae’s Enterprise Risk Management, which oversees ...
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