| Date | Title | Description |
| 18.09.2024 | Housing Hurdles: The Race for Affordable Homes in America | The American dream of homeownership is slipping through the fingers of many. Rising home prices and high mortgage rates have turned the housing market into a battleground. Candidates are stepping up with plans, but will they be enough? Kama... |
| 17.09.2024 |
Highly leveraged loans on the GSEs’ books are a real fiscal danger, Calabria argues | The spread on mortgage-backed securities (MBS) trouble many industry professionals, and at a recent roundtable discussion, it spurred an interesting discussion on the degree of risk being absorbed by Fannie Mae and Freddie Mac.
At policy pa... |
| 17.09.2024 |
Fannie and Freddie aren’t going private anytime soon, Mark Calabria says | If Donald Trump wins a second term in the White House, he’s going to attempt to return Fannie Mae and Freddie Mac to private status after more than 16 years under federal conservatorship. That’s according to Mark Calabria, the former head o... |
| 17.09.2024 |
Could Kamala Harris’ ambitious housing plan actually pass? Maaaybe | A historic rise in home prices and nearly three years of high mortgage rates have put housing issues front and center in the 2024 presidential campaign. Kamala Harris has outlined an ambitious vision for housing that would involve the const... |
| 15.09.2024 |
Pennymac increases its conforming loan limit to $802,650 | In what has become a familiar fall ritual, mortgage lenders are increasing their conforming loan limits months ahead of the FHFA’s official announcement. On Friday, Pennymac joined Rocket Pro TPO in announcing an increase in their conformin... |
| 13.09.2024 | Home Equity and Loan Limits: A Shifting Landscape in Real Estate | The real estate market is a living organism. It breathes, shifts, and evolves. Recent reports reveal a fascinating dual narrative: homeowners are gaining equity, while lenders are adjusting loan limits. Together, these trends paint a pictur... |
| 13.09.2024 | The Housing Market's Uncertain Horizon: Stagnation and Shifting Limits | The U.S. housing market is at a crossroads. This summer, home prices have shown unusual stagnation. Typically, summer is a time of growth, a season when the market blossoms. But this year, it feels more like winter. According to CoreLogic, ... |
| 13.09.2024 |
Rocket Pro TPO raises conforming loan limit to $802,650 ahead of FHFA’s decision | Rocket Pro TPO, the wholesale arm of Rocket Mortgage, upped its agency conforming loan limits to $802,650 in 48 states, ahead of an announcement by the Federal Housing Finance Agency (FHFA) that is expected in November.
For Alaska and Hawai... |
| 10.09.2024 | Freddie Mac Prices Approximately $658 Million Securitization of Re-Performing Loans | MCLEAN, Va., Sept. 10, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) announced today the pricing of its second Seasoned Credit Risk Transfer Trust (SCRT) offering of 2024—a securitization of approximately $658 million including both gu... |
| 10.09.2024 |
Meet Diana Reid, the former PNC exec who was just hired to lead Freddie Mac | After several months of searching, Freddie Mac has found a new CEO, announcing on Tuesday the hiring of former PNC Financial Services executive Diana Reid.
The government-sponsored enterprise (GSE) had been without a permanent CEO since Mar... |
| 06.09.2024 | Laravel's Leap: A $57 Million Investment in Open-Source Innovation | In the tech world, funding is like rocket fuel. It propels companies into new orbits. Laravel Holdings Inc. has just secured $57 million from Accel Partners LP, a significant boost for the company behind the popular Laravel PHP web applicat... |
| 05.09.2024 |
Lower’s Dan Snyder will share his story at the HousingWire IMB Summit | Dan Snyder rarely steps into the spotlight, but his name, strategic moves and execution are talked about frequently in mortgage banking circles.
This changes on Oct. 1, 2024, when Snyder, the CEO of Lower, steps on to the main stage at the ... |
| 04.09.2024 | Freddie Mac Announces $233 million Non-Performing Loan Sale | MCLEAN, Va., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) announced today it will offer approximately $233 million in non-performing loans (NPL) for sale via auction. The NPLs being offered consist of seasoned, deeply delinq... |
| 29.08.2024 | New Housing Goals and Tenant Protections: A Shift in the GSE Landscape | The Federal Housing Finance Agency (FHFA) is reshaping the housing landscape. With new proposals for Fannie Mae and Freddie Mac, the agency aims to address the pressing need for affordable housing. The recent announcements signal a shift to... |
| 29.08.2024 |
FHLBanks to Treasury: Pumping more money into affordable housing will not address crisis | Presidents and board chairs of the 11 Federal Home Loan Banks (FHLBanks), under pressure to pump more money into affordable housing, sent letters to the U.S. Department of Treasury on Thursday saying that simply raising their contribution t... |
| 28.08.2024 |
GSEs announce new tenant protection plans for multifamily properties | The government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac on Wednesday announced new minimum standards to be included in tenant leases on GSE-backed multifamily properties, following up on a policy announced last month by the F... |
| 27.08.2024 | US house prices fall on monthly basis in June | Macro MattersUS house prices fall on monthly basis in June
By ReutersAugust 27, 20242:08 PM UTCUpdated ago
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| 27.08.2024 | US consumer confidence scales six-month high, labor market angst rises | Macro MattersUS consumer confidence scales six-month high, labor market angst rises
By Lucia MutikaniAugust 27, 20245:52 PM UTCUpdated ago
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| 23.08.2024 |
FHFA proposes new three-year housing goals for Fannie, Freddie | The Federal Housing Finance Agency (FHFA) this week published a final rule in the Federal Register that outlines housing goals for the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac and seeks to establish yearly standard... |
| 17.08.2024 | Cybersecurity and Consumer Protection: A Tale of Two Agencies | In the digital age, security and consumer protection are paramount. Two recent reports highlight the vulnerabilities and challenges faced by federal agencies in these realms. The Federal Housing Finance Agency (FHFA) and the American Land T... |
| 13.08.2024 | The Tug of War Over the Federal Reserve: Trump’s Call for Presidential Influence | The Federal Reserve, the backbone of the U.S. economy, has long stood as a fortress of independence. Since the Treasury-Fed Accord of 1951, it has operated free from the whims of political leaders. This separation was designed to protect mo... |
| 13.08.2024 |
FHFA is highly vulnerable to hacking threats: OIG | The Federal Housing Finance Agency (FHFA) Office of the Inspector General (OIG) has warned the agency that it has serious network security deficiencies that leave its computer systems vulnerable to hacking, based on “penetration testing” th... |
| 09.08.2024 |
Trump suggests he’ll seek more executive influence over the Fed if elected | During a press conference on Thursday from his Florida resort home, Mar-a-Lago, former president and 2024 Republican nominee Donald Trump suggested that the president should be able to exert more influence over the policy of the Federal Res... |
| 06.08.2024 |
Implementation deadline for appraisal review policy pushed to Oct. 31 | A policy designed for lenders to review and respond to borrower-initiated reconsideration of value (ROV) requests for appraisals — originally scheduled to be implemented between Aug. 29 and Sept. 2 — has been pushed back to Oct. 31, 2024. T... |
| 05.08.2024 | Fannie Mae, Freddie Mac set to tighten real-estate lending rules, WSJ reports | FinanceFannie Mae, Freddie Mac set to tighten real-estate lending rules, WSJ reports
By ReutersAugust 5, 20246:07 PM UTCUpdated ago
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| 02.08.2024 | The Real Estate Landscape: Navigating Change Amidst Competition | The real estate industry is on the brink of a seismic shift. As the 2024 Summer Olympics in Paris approach, real estate agents across the U.S. are preparing for their own version of the Games. The stakes are high. On August 17, the National... |
| 02.08.2024 |
Opinion: The Biden administration needs to pave the way for a rapid end to appraisal bias | The federal government’s effort to address appraisal bias has stalled and needs a jump start. The Biden administration chose June 1, 2021, the historic 100th anniversary of the Tulsa race massacre, to announce the Property Appraisal and Val... |
| 02.08.2024 |
New AI-powered homeowner platform aids with sales and maintenance tasks | Artificial intelligence (AI) is poised to dramatically change every aspect of daily life, and it’s starting to bring tools to homeowners as well.
Private equity firm Exuma Capital Partners announced that it is the lead investor for a newly ... |
| 01.08.2024 |
CHLA: Lack of competition has driven up third-party closing costs | The Community Home Lenders of America (CHLA) on Thursday issued a comment letter to the Consumer Financial Protection Bureau (CFPB), saying that a major reason for the increase in mortgage closing costs from third parties is due to a lack o... |
| 01.08.2024 |
Senators target energy-efficiency standards for new construction, citing cost | Sen. Mike Braun, R-Indiana., and a coalition of eight other Republican U.S. Senators are taking aim at energy-efficiency standards for new housing construction, citing the additional costs they would add to the purchase of new homes.
In Apr... |
| 30.07.2024 |
Wholesale lender OCMBC fires back at HMAC’s poaching lawsuit | In response to a poaching lawsuit filed two months by Home Mortgage Alliance Corp. (HMAC), wholesale lender OCMBC Inc. has denied the allegations while countersuing HMAC and its co-founder, Alfred Hanna, on behalf of an employee, Michael Tu... |
| 29.07.2024 |
A recap of gen AI use cases at FHFA’s 2024 TechSprint | There are plenty of challenges for renters and homebuyers this year, especially when it comes to affordability. But technology — particularly leveraging generative AI — can help solve these challenges in new ways. At least, that was the pre... |
| 26.07.2024 | Navigating Uncertainty: The Current Landscape of Commercial Real Estate Finance | The commercial real estate (CRE) finance sector is at a crossroads. Recent surveys reveal a growing sense of caution among industry leaders. The CRE Finance Council (CREFC) released its Second-Quarter 2024 Sentiment Index, showing a notable... |
| 25.07.2024 | The Olympic Stage: Women’s Soccer in Paris 2024**
** | ** The 2024 Olympics are set to ignite in Paris, and the women’s soccer competition is a hotbed of intrigue. This tournament is more than just a series of matches; it’s a canvas painted with stories of redemption, ambition, and change. The ... |
| 24.07.2024 |
State officials push back against FHFA’s title waiver pilot program | Attorneys general in 14 states have joined together to send a letter to Federal Housing Finance Agency (FHFA) director Sandra Thompson that urges the termination of the agency’s title waiver pilot program.
The letter, which was sent on Mond... |
| 21.07.2024 |
President Joe Biden ends 2024 reelection bid, endorses Harris | President Joe Biden announced Sunday that he is stepping out of the race for reelection. This follows a disastrous debate performance three weeks ago that spurred high-level calls from his own party to step aside.
In a letter posted on X on... |
| 17.07.2024 |
Regulators give green light to final AVM rules | Six U.S. regulators announced on Wednesday that they have approved a final rule that requires mortgage originators and secondary market issuers to impose quality control standards for their automated valuation models (AVMs).
In June, the Of... |
| 15.07.2024 |
Rocket Pro TPO waives origination fee for home equity loans | Rocket Pro TPO, the wholesale arm of Rocket Mortgage, announced Monday that it has decided to waive the $795 origination fee charged to broker partners on home equity loans.
“When you think about what home equity looks like or represents ac... |
| 15.07.2024 |
Mark Calabria on housing and GSE conservatorship under Trump 2.0 | How would the housing market fare under a potential second Trump administration? Mark Calabria, the former Federal Housing Finance Agency (FHFA) director under Trump, has some ideas. And no surprise — he’d like to be part of that administra... |
| 10.07.2024 |
The financial strength of US homeowners is a cushion against a downturn | With the release of the CoreLogic 2024 Q1 Equity Insights report, which Logan discussed last week, and now the FHFA National Mortgage Database Aggregate Statistics, we have a lot of visibility into the financial position of the American hom... |
| 08.07.2024 | The Black neighborhood home appraisal gap is real. Can we close it? | —In predominantly Latino neighborhoods, fully 15.4% of homes for sale were appraised at below the sale price, per Freddie Mac.
—The Black homeownership rate in the first quarter of 2024 was 45.7%, compared to 74% for White Americans, accord... |
| 02.07.2024 |
CFPB, FHFA release updated mortgage originations survey data | The Consumer Financial Protection Bureau (CFPB) and the Federal Housing Finance Agency (FHFA) this week released updated loan-level data collected through the National Survey of Mortgage Originations (NSMO), according to a joint announcemen... |
| 01.07.2024 |
Opinion: Freddie Mac second mortgage loans further its mission | Federal Housing Finance Agency (FHFA) Director Sandra Thompson recently announced its conditional approval of Freddie Mac pilot to purchase second mortgages. I’ve personally been an outspoken supporter of this endeavor and I applaud this de... |
| 28.06.2024 |
FHFA appoints inaugural members of affordable housing advisory committee | The Federal Housing Finance Agency (FHFA) on Thursday named the inaugural members of its newly created advisory committee on affordable, equitable and sustainable housing.
The purpose of the committee is to provide nonbinding advice to the ... |
| 27.06.2024 |
Supreme Court limits SEC enforcement by striking in-house courts | The U.S. Supreme Court on Thursday announced a decision that strips the Securities and Exchange Commission (SEC) of its ability to try civil financial fraud cases in its in-house court system, ruling that defendants in these cases have the ... |
| 25.06.2024 |
CFPB turns rulemaking eye toward AI use in automated home appraisals | The Consumer Financial Protection Bureau (CFPB) this week announced the approval of a new rule that aims to govern “current and future applications of complex algorithms and artificial intelligence used to estimate the value of a home.” The... |
| 25.06.2024 | US consumer confidence retreats slightly; house prices remain elevated | U.S. MarketsUS consumer confidence retreats slightly; house prices remain elevated
By Lucia MutikaniJune 25, 20244:34 PM UTCUpdated ago
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| 24.06.2024 |
ICBA voices opposition to Freddie Mac second mortgage product | The Independent Community Bankers of America (ICBA) issued a statement on Monday that opposes the conditional approval of Freddie Mac’s plan to buy closed-end second mortgages.
The plan was approved on Friday by Freddie Mac’s regulator, the... |
| 21.06.2024 |
FHFA grants conditional approval for Freddie Mac second mortgage pilot | The Federal Housing Finance Agency (FHFA) on Friday announced that it has given conditional approval for Freddie Mac to begin purchasing closed-end second mortgages through a pilot program.
The pilot program includes several limitations to ... |
| 20.06.2024 |
Federal regulators approve final rule for AVM usage | On Thursday, two U.S. regulators — the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corp. (FDIC) — announced their approval of a final rule imposing quality control standards for automated valuation mode... |
| 14.06.2024 |
Freddie Mac CFO to resign at the end of June | Freddie Mac’s chief financial officer, Christian Lown, notified the company of his intention to resign at the end of this month.
The government-sponsored enterprise (GSE) will “begin the process of identifying a successor,” Freddie Mac said... |
| 13.06.2024 |
When will the Fed’s moves alleviate the lock-in effect? | Federal Reserve Chairman Jerome Powell told reporters on Wednesday that the U.S. housing situation is a “complicated one” and that “bringing inflation down” is the best thing officials can do to help. Cooling inflation will eventually allow... |
| 10.06.2024 |
The mortgage rate lock-in didn’t start in 2022 | Mortgage rate lock-in happens because even small changes in mortgage rates can make a big difference in costs. For example, for a home priced at $390,000 — the median price for a single-family home in the U.S. in April 2024 — with a 10% dow... |
| 10.06.2024 | Northeast Ohio home prices are rising amid exorbitant interest rates | figcaption>span]:font-sans" data-chromatic="ignore">
Data: FHFA; Map: Axios Visuals
Northeast Ohio home prices continue to rise with mortgage rates still hovering near a hefty 7%, per the latest data from the Federal Ho... |
| 06.06.2024 |
Fannie Mae’s Doug Duncan on Fed ‘overcommunication,’ ‘dormant’ lenders and second mortgages | Doug Duncan, the chief economist at Fannie Mae, believes pressures from fiscal and monetary policy have brought volatility to the secondary mortgage market, creating a “higher-for-longer” scenario in the U.S. economy that mortgage companies... |
| 06.06.2024 | Indianapolis homes are getting more expensive | figcaption>span]:font-sans">
Data: FHFA; Map: Axios Visuals
Indiana home prices show no signs of slowing, despite mortgage rates hovering near 7%, per the latest data from the Federal Housing Finance Agency.
Why it matters: That'... |
| 05.06.2024 |
Analysis: Loan repurchase patterns at Fannie, Freddie are divergent | Loan repurchases continue to trend downward at both Fannie Mae and Freddie Mac, but there appears to be a separation developing in loan-repurchase patterns — with Freddie reducing its loan buybacks at a faster clip than Fannie, according to... |
| 04.06.2024 | NEW YORK COMMUNITY BANCORP, INC. APPOINTS PRESIDENT AND CHIEF EXECUTIVE OFFICER JOSEPH M. OTTING TO ADDITIONAL ROLE OF EXECUTIVE CHAIRMAN EFFECTIVE CLOSE OF BUSINESS JUNE 5, 2024 | HICKSVILLE, N.Y., June 4, 2024 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE: NYCB) (the "Company"), the parent company of Flagstar Bank, N.A. (the "Bank") announced that on June 3, 2024, the Board of Directors ... |
| 03.06.2024 | How much did home values increase in Tampa Bay | figcaption>span]:font-sans">
Data: FHFA; Map: Axios Visuals
Florida home prices show no signs of slowing, despite mortgage rates hovering near 7%, per the latest data from the Federal Housing Finance Agency.
Why it matters: That'... |
| 02.06.2024 | Commentary | Opinion: Brian J. Connolly: Colorado takes a new – and likely more effective – approach to the housing crisis
By Brian J. Connolly | By Brian J. Connolly
In recent years, Colorado has been a poster child for the U.S. housing crisis. Previously a relatively affordable state, it has seen home prices increase nearly sixfold over the past three decades, outstripping even Flo... |
| 31.05.2024 | How much home values increased in Denver and Colorado | figcaption>span]:font-sans">
Data: FHFA; Map: Axios Visuals
Home prices in Colorado's largest metro area show no signs of falling, despite mortgage rates hovering near 7%.
Why it matters: That's good news if you own your home, an... |
| 31.05.2024 |
Small businesses power the title insurance industry | May marks National Small Business Month in the U.S., an opportunity to recognize and promote the work of small businesses and their contributions to the economy. While often overlooked, small businesses are the economic backbone of this cou... |
| 29.05.2024 |
GSEs update Flex Modification program, target 20% P&I reduction | Fannie Mae and Freddie Mac on Wednesday announced an update to one of their loss-mitigation solutions known as Flex Modification. The government-sponsored enterprises (GSEs) are now targeting a 20% reduction in principal and interest (P&... |
| 28.05.2024 | U.S. House Prices Rise 6.6 Percent over the Last Year; Up 1.1 Percent from the Fourth Quarter of 2023 | Washington, D.C. – U.S. house prices rose 6.6 percent between the first quarter of 2023 and the first quarter of 2024, according to the Federal Housing Finance Agency (FHFA) House Price Index (FHFA HPI®). House prices were up 1.1 percent co... |
| 25.05.2024 |
2024 inventory growth challenges mortgage rate lockdown | The mortgage rate lockdown premise holds that very few people will list their homes when mortgage rates are this high, thus suppressing inventory. But 2024 has proven that theory wrong. 2024 has had healthy inventory growth despite mortgage... |
| 24.05.2024 |
Republicans tell FHFA they oppose Freddie Mac’s closed-end second mortgage proposal | A group of Republicans in the U.S. Congress sent a letter to the Federal Housing Finance Agency (FHFA) that opposes a plan for the government-sponsored enterprise (GSE) Freddie Mac to purchase and guarantee single-family, closed-end second ... |
| 23.05.2024 |
‘Not HELOC. Not piggyback.’ Freddie Mac exec defends new product proposal amid resistance | Freddie Mac’s head of single-family acquisitions, Sonu Mittal, this week defended the government-sponsored enterprise’s proposal to acquire single-family, closed-end second mortgages amid opposition by trade groups that are worried about it... |
| 22.05.2024 |
With elections ahead, housing policy analysts discuss the end of GSEs’ conservatorship | Housing policy analysts expect discussions about the U.S. debt limit and the end of tax breaks to dominate the fiscal agenda in Washington, D.C., in 2025, obscuring talks about a potential return of Fannie Mae and Freddie Mac to the private... |
| 16.05.2024 | Supreme Court upholds funding structure for CFPB | Washington — The Supreme Court on Thursday upheld the funding structure for the Consumer Financial Protection Bureau (CFPB), rescuing the consumer finance agency from another effort by its critics to weaken it.
The court said in a 7 to 2 de... |
| 16.05.2024 | FHFA Requests Input on FHLBank System Mission | Washington, D.C. – Today, the Federal Housing Finance Agency (FHFA) issued a Request for Input (RFI) on the mission of the Federal Home Loan Bank (FHLBank) System as the Agency considers next steps for related rulemakings.
The RFI provides ... |
| 16.05.2024 |
Bob Broeksmit proposes housing czar to address ‘regulatory knots’ | Mortgage Bankers Association (MBA) president and CEO Bob Broeksmit proposed creating a national director to oversee housing policies and address the “regulatory knots” that “sap the country’s economic strength.”
This czar, called the “Natio... |
| 16.05.2024 |
Opinion: Fair Housing Month is over. “I’m tired of talking about race and I don’t know anyone with a disability.” | As of April 2024, “Fifty-seven percent of all respondents in a recent Zillow survey reported experiencing housing discrimination of some kind. However, fewer than half of respondents said fair housing is important to them or their families ... |
| 16.05.2024 |
UWM cuts out title insurer with updated TRAC+ program, rolls out 0% down purchase initiative | United Wholesale Mortgage (UWM) has launched a new service to handle all the title work for its brokers on refinancings. As a result, brokers no longer need to deal with a title company or settlement agent to close a refi.
The top U.S. mort... |
| 15.05.2024 |
Freddie Mac’s controversial gambit into home equity: Is more liquidity a bad thing? | Government-sponsored enterprise (GSE) Freddie Mac has put its finger on the scale of an emerging loan market that has been the domain of the private-label securities market, which has nurtured its reemergence in recent years.
Last month, Fr... |
| 15.05.2024 |
The mortgage rate lock-in didn’t start in 2022 | This is an excerpt of a HousingWire Research report titled: What Everyone Needs to Know about Mortgage Rate Lock-in, by Altos President Mike Simonsen.
In the 24 months beginning March 2022, the U.S. housing market saw dramatic changes in af... |
| 14.05.2024 |
Fidelity CEO says federal government’s title insurance proposals are ’misguided’ | Despite persistently high interest rates, big four title firm Fidelity National Financial recorded a much stronger start to 2024 than it did a year ago.
In first-quarter 2024, Fidelity reported total revenue of $3.299 billion, up from $2.47... |
| 13.05.2024 | Why second mortgages could make a comeback | figcaption>span]:font-sans">
Freddie Mac has a new revenue stream in its sights, thanks to the record $17 trillion of home equity sitting untapped in U.S. houses.
The big picture: An estimated $850 billion of that home equity is ... |
| 13.05.2024 |
Second-home mortgage market slumped in 2023: Redfin | In 2023, home purchases slowed across the board due to low levels of inventory, high mortgage rates and soaring home prices. Simultaneously, the appetite for second homes also diminished substantially.
Nationwide, 90,772 mortgages for secon... |
| 10.05.2024 |
Valverde appointed acting president of Ginnie Mae | Sam Valverde, formerly the principal executive vice president of government-owned corporation Ginnie Mae, was named as its acting president as of May 6, according to an announcement issued by the organization this week.
Sam Valverde
Valverd... |
| 10.05.2024 | Business | Black homeowners start to close gap in property values | Recent research has revealed that homes in majority-Black areas are more likely than those in majority-white areas to be appraised below purchase offers. The disparity remains high but has improved recently, according to federal statistics.... |
| 06.05.2024 |
U.S. mortgage holders post record levels of home equity: ICE | U.S. home prices continued to climb in March as a persistent shortage of homes for sale helped to buoy the housing market, according to the Intercontinental Exchange (ICE) Home Price Index.
And while prospective homebuyers cope with the cha... |
| 02.05.2024 |
Secondary mortgage market adjusts to higher-for-longer rates | The housing market has been on a topsy-turvy roller-coaster ride in recent years that has been particularly neck wrenching since this past fall, fueled by stubbornly high inflation and a still-strong jobs market.
In early November, 30-year ... |
| 02.05.2024 |
HUD issues Fair Housing Act guidance on AI use | The U.S. Department of Housing and Urban Development (HUD) on Thursday announced new guidelines that aim to apply the provisions of the Fair Housing Act to the use of generative artificial intelligence (AI) in the realm of housing.
HUD rele... |
| 01.05.2024 |
Agencies aim to standardize ‘first-generation homebuyer mortgage’ definition | As more housing and mortgage authorities seek to expand the scope of homeownership to those who have never purchased a home before, the government-sponsored enterprises (GSEs) and the Federal Housing Finance Agency (FHFA) are taking a step ... |
| 01.05.2024 |
HUD and FHA announce new appraisal bias protections | The U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) announced a new policy on Wednesday that will enable mortgage borrowers to “request a re-assessment of the appraised value of their prop... |
| 01.05.2024 |
Freddie Mac expands use of AOLs in selling guide update | In an update to its selling guide, Freddie Mac announced Wednesday that it is expanding the use of attorney opinion letters (AOLs) in lieu of title insurance.
Under the new selling guidelines, Freddie Mac said it would allow AOLs to be used... |
| 30.04.2024 | FHFA House Price Index Up 1.2 Percent in February; Up 7.0 Percent from Last Year | Washington, D.C. – U.S. house prices rose in February, up 1.2 percent from January, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI®). House prices rose 7.0 percent from February 202... |
| 30.04.2024 |
FHFA releases fair lending final rule | The Federal Housing Finance Agency (FHFA) this week released its fair lending final rule, following up on a proposal made last year in alignment with plans first laid out in 2022 by the government-sponsored enterprises (GSEs) Fannie Mae and... |
| 24.04.2024 |
DOJ charges one of America’s top LOs in alleged mortgage fraud scheme | Two former New Jersey-based mortgage loan originators have been charged with conspiracy to commit bank fraud by the U.S. Attorney’s Office, District of New Jersey according to an announcement by the U.S. Department of Justice (DOJ) and U.S.... |
| 19.04.2024 |
Freddie Mac’s proposed home equity product could unlock $850B in originations | A Freddie Mac home equity product that was proposed this week has the potential to unlock $850 billion in origination volume. But it could face challenges due to the lack of a robust securitization market, according to strategists at Bank o... |
| 18.04.2024 |
FHFA annual report highlights GSE actions on affordable housing | The Federal Housing Finance Agency (FHFA) this week released its annual Housing Mission Report, offering insights into the actions the agency took in 2023 on a host of issues.
These include oversight of the government-sponsored enterprises ... |
| 17.04.2024 |
Proposal would allow Freddie Mac to acquire closed-end second mortgages | The Federal Housing Finance Agency (FHFA) this week announced a new product proposal for government-sponsored enterprise (GSE) Freddie Mac that would allow the agency to purchase certain single-family, closed-end second mortgages.
This woul... |
| 17.04.2024 | FHFA Publishes New Product Notice for Freddie Mac Second Mortgage Proposal | Washington, D.C. – Today, the Federal Housing Finance Agency (FHFA) sent to the Federal Register a notice of a proposed new product from Freddie Mac to begin purchasing certain single-family closed-end second mortgages.
“The proposed activi... |
| 15.04.2024 |
GSEs will not count buyer agent commissions in cap on seller concessions | Fannie Mae and Freddie Mac will not count buyer’s agent commissions as part of their allowable interested party contributions (IPCs), according to announcements from the government-sponsored enterprises (GSEs) on Monday.
The GSEs noted that... |
| 15.04.2024 |
High mortgage rates are fueling strong inventory growth | We saw a big jump in mortgage rates last week. The 30-year fixed rate mortgage, according to the HousingWire Mortgage Rates Center, is now over 7.2% — that’s 50 basis points above where we were at the start of the year. At that time, most o... |
| 12.04.2024 |
Race-based appraisal gaps have narrowed in recent years: FHFA | The Federal Housing Finance Agency (FHFA) this week published a blog illustrating that appraisal gaps between white, Hispanic/Latino and Black households have diminished since the 2022 announcement of the Interagency Task Force on Property ... |
| 11.04.2024 |
Jamie Dimon calls for “mortgage regulatory simplification” | Jamie Dimon evidently believes in the KISS principle when it comes to mortgage — keep it simple, stupid.
In his annual letter to shareholders, the influential head of JPMorgan Chase wrote that “we can fix the housing and mortgage” markets.
... |
| 10.04.2024 |
CFPB considers ban on charging buyers for lender’s title policy | The Consumer Financial Protection Bureau is considering a ban on mortgage banks charging homebuyers for the lender’s title insurance policy, according to a report by Bloomberg.
Lender’s title policies protect lenders from issues that may ar... |
| 09.04.2024 |
Fannie Mae: Prohibited/subjective language in appraisal reports has declined | Fannie Mae this month issued a recent progress report on its ongoing effort to scan appraisal reports for “prohibited or subjective language,” updating stakeholders on a process that began in 2021 to rid appraisal reports and valuation deci... |
| 09.04.2024 |
FHFA appoints artificial intelligence czar | The Federal Housing Finance Agency (FHFA) announced this week that it has appointed Tracy Stephan to serve as its chief artificial intelligence officer (CAIO), adding the position to her existing duties leading the agency’s Office of Financ... |
