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.
Some high balance loans and mortgages on second homes sold to Fannie Mae or Freddie Mac could soon face higher upfront fees.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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 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.
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.
Multifamily property owners with forbearance agreements for mortgage backed by Fannie Mae or Freddie Mae are now eligible for an extension.
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.
Borrowers who requested forbearance on mortgages backed by Fannie Mae or Freddie Mac will still be able to refinance or buy a new home, according to the Federal Housing Finance Agency (FHFA).
The Federal Housing Finance Agency has added a payment deferral option for borrowers who had requested forbearance on mortgages through Fannie Mae and Freddie Mac.
The Federal Housing Finance Agency says mortgage borrowers aren’t required to make missed mortgage payments all in one lump sum.
