Tag Archives: Fannie Mae

he number of Americans currently in forbearance plans hit approximately 1.5 million homeowners this week, as forbearance volume dove 15 basis points from the previous week.

While increased competition has created some pessimism, survey respondents with a more bullish outlook cited GSE policies and strong consumer demand. 

With the nation growing more diverse by the year, how can the housing industry adapt to meet borrower needs?

After weeks of leveling off, the share of mortgage loans in forbearance plans dipped this week, with a large shift in the location of many FHA and VA loans, which were bought out of Ginnie Mae pools and moved onto servicer balance sheets.

Economists say the COVID-19 Delta variant and inflation could be offsetting homebuying optimism that might otherwise be more favorable.

The Biden Administration and the FHFA have announced several new initiatives to combat housing inequality, including the GSE investment of up to $850 million annually in Low-Income Housing Tax Credits.

As many approach the 18-month mark since entering forbearance plans, the number of exits has diminished, with overall volume changing little over the previous week.

The supply of homes has risen as more have been priced out of the market with media prices rising $28,700 month-over-month in July.

A drop in rates and an uptick in household income both contributed to increased buying power in July.

Overall forbearance volume slid slightly this week, as the MBA reported exits hit their slowest pace in more than a year.