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.
Read More »VA Loans Preferred Choice of Active-Duty Servicemembers
Nine out of 10 servicemembers surveyed intend to use a VA loan to finance housing after transitioning to civilian life.
Read More »Ginnie Mae’s MBS Portfolio Grows by $23B in October
“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.
Read More »GSE Income Falls YoY in Q3
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.
Read More »Ravi Shankar to Head Freddie Mac’s Single-Family Portfolio, Servicing
Industry vet returns to the GSE, responsible for portfolio management, servicing, and operations and technology for Freddie Mac.
Read More »Undervaluation Still a Hurdle for Minority Families
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.
Read More »FHFA Publishes New Uniform Appraisal Dataset Aggregate Statistics File
“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.
Read More »Is This the Next Generation of Servicing?
Technologies, including self-service capabilities via a user-friendly portal or a mobile app, are a modern expectation, as is digital paperwork with e-signatures.
Read More »FHFA Approves New Credit Scoring Models for GSEs
“Today's decision will benefit borrowers and the Enterprises, along with maintaining safety and soundness," said Sandra L. Thompson, Director of the FHFA.
Read More »Falling Home Sales and Drop in Prices Result in Diminished Demand
Rapidly rising rates and inflation rates last seen 40 years ago pushed more away from the housing market in August, as S&P CoreLogic Case-Shiller reported continued declines in nationwide price gains.
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