Tag Archives: Freddie Mac

After experiencing a near 5% monthly drop in pending October sales, NAR reported the near-20-year high in mortgage rates and expensive home prices forced many prospective buyers to the sidelines.

The GSEs have increased conforming loan limit values for mortgages in 2023 to $726,200, an increase of $79,000 over 2022’s loan limits.

Since the start of the GSEs' conservatorship nearly 14 years ago, approximately 40% of their foreclosure prevention actions have resulted in permanent loan modifications.

According to the GSE, in 2021 Freddie Mac’s Single-Family Green MBS Issuance totaled $617 million of bonds, backed by 2,454 Freddie Mac GreenCHOICE Mortgage refi loans.

The impact of Hurricane Ian in the Southeast U.S. forced the share of mortgage loans in forbearance slightly upward in October, as an approximately 350,000 U.S. homeowners are now in forbearance plans.

With news that inflation may have peaked, Freddie Mac reports that the fixed-rate mortgage fell below the 7% mark, leading to a slight rise in overall mortgage app volume for the week.

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.

Nine out of 10 servicemembers surveyed intend to use a VA loan to finance housing after transitioning to civilian life.

“The steepest increase in mortgage rates in decades is a headwind for homebuyers, but Ginnie Mae’s guaranty and insuring agency partners are here with products and programs to help consumers achieve their dream of homeownership,” said Ginnie Mae President Alanna McCargo.

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.