Tag Archives: Freddie Mac

“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.

Industry vet returns to the GSE, responsible for portfolio management, servicing, and operations and technology for Freddie Mac.

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.

“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.

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.

“Today's decision will benefit borrowers and the Enterprises, along with maintaining safety and soundness," said Sandra L. Thompson, Director of the FHFA.

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.

The FHFA has taken further action to ensure that all borrowers and renters have equitable access to long-term affordable housing opportunities by implementing targeted increases to the upfront fees for most cash-out refinance loans.

A new opinion piece from Don Layton, the former Freddie Mac boss, explores how the GSEs came to be under government control, and what the future should hold for the two companies.