Economic Forecast Perks Up

Analysts are amending their economic forecast due to higher GDP expectations, even as Hurricanes Harvey and Irma weigh on growth, according to Fannie Mae’s Economic & Strategic Research (ESR) Group’s recently released Economic and Housing Outlook for September 2017. The Outlook projects the economy will perk up 2.2 percent over the course of the year, […]

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Appraisal-free mortgages will make closings easier

As of Sept. 1, Fannie Mae and Freddie Mac will no longer require appraisals on many of the loans that they buy. Because the two GSEs (government-sponsored enterprise) buy about half the mortgages originated in America, this is big news that will make buying a home easier and less expensive …

Appraisal-free mortgages will make closings easier

As of Sept. 1, Fannie Mae and Freddie Mac will no longer require appraisals on many of the loans that they buy. Because the two GSEs (government-sponsored enterprise) buy about half the mortgages originated in America, this is big news that will make buying a home easier and less expensive …

Confidence in Housing Doubles Back Toward All-Time High

Confidence in housing doubled back in August toward the all-time high in the Fannie Mae Home Purchase Sentiment Index® (HPSI), with home sellers’ optimism rebounding from July. The HPSI overall posted 88.0 in August, 1.2 percentage points higher than the month prior and moving toward the Index’s record high, reached for the second time in […]

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Confidence in Housing Doubles Back Toward All-Time High

Confidence in housing doubled back in August toward the all-time high in the Fannie Mae Home Purchase Sentiment Index® (HPSI), with home sellers’ optimism rebounding from July. The HPSI overall posted 88.0 in August, 1.2 percentage points higher than the month prior and moving toward the Index’s record high, reached for the second time in […]

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Fannie, Freddie Suspend Evictions, Foreclosures in Harvey’s Wake

Fannie Mae and Freddie Mac are enacting 90-day eviction and foreclosure suspensions for homeowners in federally-declared disaster zones impacted by Hurricane Harvey. “Our thoughts are with the families in the path of this powerful and catastrophic storm,” says Carlos Perez, senior vice president and chief credit officer at Fannie Mae. “We continue to monitor the […]

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Hurricane Harvey victims granted temporary relief from foreclosure

Hurricane Harvey has caused thousands in and around the Houston area to flee from the rising waters engulfing their homes and killed at least 14 people to date. In this time of crisis, Federal mortgage agencies Fannie Mae, Freddie Mac and the Federal H…

FHFA: Home Prices Rise in Q2

Home prices rose 1.6 percent in the second quarter of 2017, according to the Federal Housing Finance Agency’s (FHFA) House Price Index (HPI). The HPI year-over-year—based on prices for homes with Fannie Mae- and Freddie Mac-backed mortgages—was up 6.6 percent. “U.S. house prices rose in most states during the second quarter,” said William Doerner, senior […]

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Economy to Weather Turbulence in Second Half of Year

Analysts anticipate the economy will weather turbulence expected in the second half of the year, according to Fannie Mae’s Economic & Strategic Research (ESR) Group’s recently released Economic and Housing Outlook for August 2017. The Outlook maintains the economy will grow 2.0 percent over the course of the year, even with possible setbacks on the […]

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Confidence in Housing Sags as Sellers Shy Away

Confidence in housing sagged in July in the Fannie Mae Home Purchase Sentiment Index® (HPSI), with optimism weakening for both homebuyers and sellers due to limiting economic factors and unaffordability. The HPSI overall posted 86.8, down 1.5 percentage points from June, when the Index reached a second all-time high. The share of homebuyers surveyed for […]

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