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 Nixes Controversial DTI Fees
After industry opposition to a fee that would have levied an upfront fee on borrowers with debt-to-income ratios greater than 40 percent, the Federal Housing Finance Agency announced it’s dropping the plan.
FHFA Head: ‘Misconceptions’ Rife About Mortgage Pricing Changes
Federal Housing Finance Agency Director Sandra L. Thompson is pushing back against claims the agency’s recent changes to how Fannie Mae and Freddie Mac mortgages are priced will lead to buyers with better credit paying more than buyers with worse credit.
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 Moves to Help Beleaguered Buyers
Two moves announced by Federal Housing Finance Agency officials Monday could give a boost to first-time buyers, , minority buyers and others with less resources who’ve been unceremoniously shoved out of the housing market by rising prices and interest rates this year.
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 Makes Desktop Appraisals Permanent
The desktop appraisal process that was temporarily implemented at the start of the pandemic will become permanent, the Federal Housing Finance Agency said yesterday.
FHFA Wants Input on Fannie, Freddie Equity Plans
Federal housing regulators want input from industry and community groups on how Fannie Mae and Freddie Mac will measure their own efforts to reduce racial inequality in the mortgage market.
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 Spikes Adverse Market Fee
The Federal Housing Finance Agency is offering a weekend present to loan originators looking for refinance business this summer by announcing the end to its Adverse Market Fee.
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.
Supreme Court: FHFA Structure Unconstitutional
The Supreme Court on Wednesday ruled that the structure of the agency that oversees mortgage giants Fannie Mae and Freddie Mac violates separation of powers principles in the Constitution.
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.
FHFA Extends Foreclosure Halt Through June 30
The federal agency that oversees two of the biggest guarantors of mortgages in the U.S. market announced that it is extending its moratorium on foreclosures.
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.
