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.
White House Acts to Boost Housing
The Biden administration is taking steps to help create more affordable houses and apartments, including accessory dwelling units, which could help fill the inventory gap that plagues the housing sector.
Conforming Loan Limit Raised to $726K for All CT Counties
The maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac will increase by 12 percent in 2023.
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.
Conforming Loan Limit to Jump 18 Percent in Most CT Counties
The maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac will increase by 18 percent in 2022.
FHFA Proposes Increasing GSE’s Minority, Low-Income Purchases
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
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 Connecticut 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 could be eligible for another three months of forbearance, the Federal Housing Finance Agency announced this week.
Consumers See Little Impact from Refinance Fee
With mortgage loan rates remaining at historically low levels last week, the mortgage industry could see the refinance boom continue despite a new fee assessed on lenders.
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.
Fairfield Co. Conforming Loan Limit Hits $601K
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.
CT Among States with Highest GSE Delinquency Rates
Connecticut had the highest rate of homeowners with Fannie Mae or Freddie Mac mortgages more than 90 days delinquent during the first half of 2020, 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 industry trade groups.
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.
FHFA Allows Borrowers in Forbearance to Refi, Buy
Borrowers who requested forbearance on mortgages backed by Fannie Mae or Freddie Mac will still be able to refinance or buy a new home under certain conditions, the Federal Housing Finance Agency announced this morning.
