Appraisals Fail Many Sellers
The real estate community has long complained about appraisals that lagged the market, but the report from the FHFA documents that their gripes are valid: Undervaluations spiked to 15 percent in 2021.
FHFA’s Federal Rent Control Proposal Would Be a Disaster
In its attempt to address the dire housing crisis, the Federal Housing Finance Agency is considering a policy that would surely make it worse and reduce the use of federal housing dollars.
White House Acts to Boost Housing
The Biden administration is taking steps to help create more affordable houses and apartments, which could help fill the inventory gap that plagues the housing sector.
Greater Boston Conforming Loan Limit Raised to $828K
The maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac will increase by 12 percent in 2023, with the limit for two Massachusetts counties exceeding $1 million.
FHFA Increases Fees on High Balance, Second Home Loans
Some high balance loans and mortgages on second homes sold to Fannie Mae or Freddie Mac could soon face higher upfront fees.
Thompson Nominated to Permanently Lead FHFA
After holding the job as acting director since June, Sandra L. Thompson has been nominated to become the Federal Housing Finance Agency’s permanent director.
Greater Boston Conforming Loan Limit Raised to $770K
The maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac will increase by 18 percent in 2022, with the limit for two Massachusetts counties approaching $1 million.
FHFA Seeks to Up GSE Minority Homebuying Targets
The Federal Housing Finance Agency has proposed new housing goals for Fannie Mae and Freddie Mac that would increase the share of mortgages purchased by the government-sponsored enterprises in minority and low-income neighborhoods.
Fannie Mae to Add Rental Payment History to Lending Platform
Mortgage lenders using Fannie Mae’s systems will soon be able to consider rental payment history when deciding whether to approve a loan, a change that could help increase Black homeownership.
FHFA Prohibits Most Foreclosures Before CFPB Rules Take Effect
Despite a one-month gap between the end of the foreclosure moratorium and the start of new regulations to protect homeowners, mortgage servicers will not be able to begin foreclosure proceedings this year for most borrowers with loans backed by Fannie Mae or Freddie Mac, the Federal Housing Finance Agency said in a statement Tuesday.
FHFA Extends Multifamily Forbearance Again
Multifamily property owners with mortgages backed by Fannie Mae or Freddie Mac can continue to receive COVID-19-related forbearance through Sept. 30, the Federal Housing Finance Agency said in a statement today.
Delinquency Rates on GSE Loans Improve But Remain High
Fewer Massachusetts homeowners missed payments in the fourth quarter on Fannie Mae or Freddie Mac mortgages compared to earlier in 2020, but the COVID-19 pandemic continues to see homeowners seeking forbearance plans, according to data from the Federal Housing Finance Agency.
Forbearance Extended for Fannie, Freddie Loans
Borrowers with mortgages backed by Fannie Mae or Freddie Mac will be eligible for another three months of forbearance, the Federal Housing Finance Agency announced this week.
Supreme Court Takes on Fannie, Freddie Presidential Power Case
The Supreme Court is hearing a case Wednesday that could make it easier for the president to fire the head of the agency that oversees government-controlled mortgage giants Fannie Mae and Freddie Mac.
Conforming Loan Limit in Greater Boston Raised to $724,500
The maximum conforming loan limit for mortgages to be acquired by Fannie Mae and Freddie Mac will increase by almost 7.5 percent in 2021.
5 Percent of Mass. GSE Mortgages Delinquent
Massachusetts homeowners felt the effects of pandemic in the first half of 2020 as almost twice as many missed payments on Fannie Mae or Freddie Mac mortgages through June 30 compared to the same period last year, according to the Federal Housing Finance Agency.
Fannie, Freddie Extend Foreclosure Moratoriums Through Dec. 31
Fannie Mae and Freddie Mac say they will extend their eviction and foreclosure moratoriums through Dec. 31 as the economic damage from the coronavirus crisis looks increasingly likely to last around the country.
GSEs to Delay Refinance Fee Until December
The Federal Housing Finance Agency has delayed a new mortgage refinancing fee scheduled to take effect next week and added exemptions for certain loans, moves applauded by local and national trade groups.
FHFA Extends Multifamily Forbearance
Multifamily property owners with forbearance agreements for mortgage backed by Fannie Mae or Freddie Mae are now eligible for an extension.
New Housing Goals for FHLBanks
The Federal Housing Finance Agency has created new housing goals for Federal Home Loan Banks, a move that the agency said would help underserved borrowers.
