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.
Fannie, Freddie OK Exterior-Only, Desktop Appraisals
Appraisers worried about being exposed to COVID-19 while evaluating a house received some welcome news from Fannie Mae and Freddie Mac this morning.
FHFA Suspends Foreclosures and Evictions for GSE-Backed Mortgages
Homeowners with mortgages backed by Fannie Mae and Freddie Mac won’t have to worry about foreclosures or evictions during the coronavirus crisis.
Officials to Defend Plan to End Gov’t. Control of Fannie, Freddie
Trump administration officials are going before Congress to defend their plan for ending government control of Fannie Mae and Freddie Mac.
Treasury Unveils Plan to Privatize Fannie Mae, Freddie Mac
The Trump administration has unveiled its plan for ending government control of Fannie Mae and Freddie Mac, the two giant mortgage finance companies that nearly collapsed in the financial crisis 11 years ago and were bailed out at a total cost to taxpayers of $187 billion.
New Standards Expected to Depress FHA Mortgage Activity Among Small Lenders
New underwriting standards at the Federal Housing Administration fueled by worries over declining loan quality are threatening to restrict access to FHA loans for riskier borrowers across the country. Local lenders say new products from Fannie Mae and Freddie Mac may have contributed to the situation.
Trump Directs HUD, Treasury to Come Up With Plan to End GSE Conservatorship
President Donald Trump has issued an order for the government to end its 10-year conservatorship of the mortgage companies Fannie Mae and Freddie Mac.
The Value of a Professional Valuation
Is faster and cheaper always better? Many would exclaim, “of course!” but, when it comes to valuing residential real estate the answer should be a cautious “maybe.”
Proposed Changes to GSEs Could Add $800 to Boston Borrowers’ Mortgage Payments
Proposed reforms to the government-sponsored enterprises that guarantee the majority of U.S. home loans could drive up monthly housing costs and diminish housing affordability for many Americans, according to recent analysis from Zillow.
Credit Score Reporting Changes Impact Borrowers’ Creditworthiness
Tax liens, civil judgements and unpaid medical bills will no longer be counted against consumer credit scores, as of July 1. Lenders and originators have long used credit scores as part of the mortgage application process and will continue to do so, they say, despite the change
Borderline Borrowers Benefit
Several recent changes to mortgage underwriting and approval standards show a loosening of requirements for approval from Fannie Mae and Freddie Mac – but the jury is out on what impact those changes will have on the overall economy.
