FHFA Reinstates $3B Buffer To GSEs
The Federal Housing Finance Agency (FHFA) and the Department of the Treasury agreed last week to reinstate the $3 billion capital reserve each for both Fannie Mae and Freddie Mac.
The Federal Housing Finance Agency (FHFA) and the Department of the Treasury agreed last week to reinstate the $3 billion capital reserve each for both Fannie Mae and Freddie Mac.
The Housing Finance Policy Center’s latest credit availability index shows that mortgage credit availability declined to 5.1 in the second quarter of 2017, after reaching a recent peak of 5.4 in Q1 2017.
A report released yesterday by Freddie Mac reported good news across the board in August for the GSE’s balance sheet.
Freddie Mac is projecting smooth sailing for the U.S. real estate economy, according to its 2018 Economic Research Outlook released last week.
The Federal Home Loan Mortgage Co. (Freddie Mac) last week announced it will no longer accept borrower down payments of less than 3 percent for mortgages that close on and after Nov. 1, 2017 – with a few exceptions.