Freddie Mac to invest $500M in Low-Income Housing Tax Credit market

Freddie Mac today announced its re-entry into the Low-Income Housing Tax Credit (LIHTC) market as part of the newly launched Duty To Serve program, an initiative geared toward addressing persistent affordable housing problems by preventing foreclosures…

FHFA: Home Prices Rose in August

Home prices rose 0.7 percent month-over-month in August 2017, according to the Federal Housing Finance Agency’s (FHFA) recently released House Price Index (HPI). The HPI year-over-year—based on prices for homes with Fannie Mae- or Freddie Mac-backed mortgages—was up 6.6 percent. Per the Index, month-over-month home price changes range from -0.1 percent in the New England […]

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Hurricane season takes toll on over 270,000 homes, report finds

This year’s brutal Atlantic hurricane season is being recorded as one of the top 10 most active of all time. In documenting the aftermath, a new report from mortgage-lender Freddie Mac assesses the total damage …

Crowdfunding Your Way Into a Home

Editor’s Note: This was originally published on RISMedia’s blog, Housecall. See what else is cookin’ now at blog.rismedia.com: Great Spaces: Living Luxe in Beautiful Bradenton Survey: Broker Operations and Technology Relaxation Awaits: 2018 Best Places to Retire Crowdfunding has appeared in the real estate industry in a variety of forms: house flip investing, mortgage payoff […]

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‘Inelastic’ Inventory: It’s Fate

Affordability is a complex web. Home prices, incomes and mortgage rates all factor in. Land use limitations also play a role—but not as large and unchanging a role as location overall, according to a recent analysis by Freddie Mac. Home builders are burdened by compliance costs related to land use and zoning—expenditures that, over the […]

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Fed Decision: Mortgage Rates Unmoved

The Federal Reserve’s recent decision to not raise the key interest rate left mortgage rates unmoved this week, with the 30-year, fixed rate averaging 3.83 percent this week, the same as the week prior, according to Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®). The 15-year, fixed rate averaged 3.13 percent, also the same […]

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Mortgage Rates Show Little Movement

Mortgage rates showed little movement this week, with the 30-year, fixed rate averaging 3.78 percent, unchanged from the week prior, according to the recently released Freddie Mac Primary Mortgage Market Survey® (PMMS®). The 15-year, fixed rate averaged 3.08 percent, also unchanged from the week prior, while the 5-year, Treasury-indexed hybrid adjustable rate averaged 3.13 percent, […]

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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 …

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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