Policy Matters: FHFA Ends Single-Family Rental Pilot Program

In a win for prospective homebuyers across the country, the Federal Housing Finance Agency (FHFA) announced on Aug. 21, 2018 that Fannie Mae and Freddie Mac (the Enterprises) will end their single-family rental pilot programs. The FHFA found that the institutional, single-family rental investor market is performing well without the liquidity provided by the Enterprises. […]

The post Policy Matters: FHFA Ends Single-Family Rental Pilot Program appeared first on RISMedia.

Agent faces up to 5 years in prison for bankruptcy fraud

A real estate agent based in the Tampa, Florida, area faces up to five years in federal prison for attempting to stop Fannie Mae from foreclosing on a property so that he could sell it himself, the U.S. Department of Justice announced Wednesday.

Affordability Aside, Housing Optimism Picks Up

The confidence consumers have in housing is picking up steam—but not because of the market outright, according to the August Fannie Mae Home Purchase Sentiment Index® (HPSI). At 88, the gauge grew 1.5 percentage points month-over-month; however, the confidence consumers have is on par with the prior year, and they are more keen on macro […]

The post Affordability Aside, Housing Optimism Picks Up appeared first on RISMedia.

4 alternative housing finance structures that could work

A Congressional Budget Office report says that over the next 10 years it will cost Uncle Sam $19 billion to cover the cost of some $12 trillion in mortgage-backed securities Fannie Mae and Freddie Mac are expected to create.

Confidence in Housing Teeters

After a positive start to the summer, the confidence consumers have in housing is teetering, according to the Fannie Mae Home Purchase Sentiment Index® (HPSI) for July. At 86.5, the Index sunk 4.2 percentage points month-over-month, and 0.3 percentage points year-over-year. Twenty-four percent of homebuyers were optimistic about purchasing—a four-percentage point dip from June—and 41 […]

The post Confidence in Housing Teeters appeared first on RISMedia.

Confidence in Housing Slightly Wilts

The confidence consumers have in housing is slightly wilting, as homebuyers are immobilized by sparse supply, according to the Fannie Mae Home Purchase Sentiment Index® (HPSI) for June. At 90.7, the Index flattened 1.6 percentage points month-over-month, but remains up by 2.4 percentage points year-over-year. Twenty-eight percent of homebuyers are optimistic about purchasing—no change from […]

The post Confidence in Housing Slightly Wilts appeared first on RISMedia.

Why AI could be the next big thing in mortgage approval

With many expressing dissatisfaction about the speed of the current loan approval process, artificial intelligence (AI) may soon play a major role in deciding how much mortgage one can get.

White House wants to privatize Fannie Mae and Freddie Mac

The Trump administration is proposing a sweeping reform of how the federal government supports housing finance by calling for the full privatization of mortgage-backed securities giants Fannie Mae and Freddie Mac.

Fannie Mae chooses top 3 affordable housing solutions to develop

The first stage of Fannie Mae’s challenge to find an interesting solution for affordable and sustainable housing in the country is finished — proposals from teams in Florida, Ohio and Colorado were selected to develop and implement their ideas with guidance from the mortgage lender.

Freddie Mac will offer job search assistance to rural homeowners

The initiative is targeted toward homeowners who already have Freddie Mac Home Possible mortgages, a category of mortgages with 3 percent to 5 percent down for homeowners with low income or in underserved communities.