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.

Confidence in Housing at New Record

Confidence in housing is at a new record, with the Fannie Mae Home Purchase Sentiment Index® (HPSI) outdoing its past peak. The boost was ignited by optimism from sellers, who are benefitting from increasing prices. At 92.3, the Index rose 0.6 percentage points month-over-month and 6.1 points year-over-year. “The HPSI edged up to another survey […]

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Confidence in Housing at New Record

Confidence in housing is at a new record, with the Fannie Mae Home Purchase Sentiment Index® (HPSI) outdoing its past peak. The boost was ignited by optimism from sellers, who are benefitting from increasing prices. At 92.3, the Index rose 0.6 percentage points month-over-month and 6.1 points year-over-year. “The HPSI edged up to another survey […]

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Confidence in Housing at New Peak

Confidence in housing is at a new peak, with enthusiasm among sellers soaring, according to the April Fannie Mae Home Purchase Sentiment Index® (HPSI). At 91.7, the Index plowed through its previous record, climbing 3.4 percentage points month-over-month and five points year-over-year. “The latest HPSI reading edged up to a new survey high, showing that […]

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Confidence in Housing Jumps at Spring’s Start

Confidence in housing jumped in March in the Fannie Mae Home Purchase Sentiment Index® (HPSI), with the HPSI overall posting 88.3, 2.5 percentage points higher than one month prior and 3.8 percentage points higher than one year prior. The boost was fueled by homebuyers preparing for real estate season this spring, says Doug Duncan, chief […]

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Fannie: Economy to Roar on Stimulus

The economy is expected to grow at a full-bodied pace for the year, and boosted further by the stimulus, according to Fannie Mae’s Economic & Strategic Research (ESR) Group’s recently released Economic and Housing Outlook for March 2018. Analysts at Fannie forecast GDP growth at 2.8 percent, barring consumers reining in their spending, the impact […]

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Fannie Mae teams with VHT Studios to provide photos for foreclosed listings

Fannie Mae has announced a partnership with VHT Studios to provide professional photography and virtual staging for listings of foreclosed properties being sold through Fannie Mae’s HomePath program …

NAR says Dodd-Frank Reform bill would be good for housing

“Fannie Mae and Freddie Mac are the largest mortgage purchasers in the nation, but they rely on credit score models that do not take into account factors as simple as whether borrowers have paid their rent or utility bills on time,” wrote NAR President Elizabeth Mendenhall in the letter. “New credit scoring models that incorporate additional predictive metrics and payment history will open homeownership opportunities for many minority and underserved borrowers who lack access to traditional forms of credit.” …

Changes to Fannie, Freddie Could Do Harm: Report

Changes to the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac are on the table—and although they intend to mitigate risk to taxpayers, they could harm homeowners in the process, according to an analysis by Zillow. Borrowers, in fact, could be burdened by hundreds more on their monthly mortgage payment. The GSEs’ guarantee is associated […]

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