Fannie Mae has a rosy outlook for mortgage rates. The government sponsored enterprise is projecting that rates will drop below 6% by the end of 2024, which in turn will boost refi... Read more »
Ted Tozer, former president of Ginnie Mae during the Obama administration and current president Alanna McCargo’s most recent Senate-confirmed predecessor, applauded the news that the company is looking into the development of... Read more »
Ginnie Mae intends to develop a new reverse mortgage-backed security product enabling the acquisition of loans from an HMBS pool above the existing 98% maximum claim amount (MCA) requirement, according to a... Read more »
After a long period of silence and extensions granted by the U.S. District Court for the Northern District of Texas, Ginnie Mae has filed its response to a lawsuit brought against it... Read more »
Even though Jerome Powell announced three rate cuts in 2024, Fannie Mae Economic and Strategic Research (ESR) group continues to forecast a modest downturn in 2024. The group projects a return to... Read more »
A coalition of seven housing interest groups including the Mortgage Bankers Association (MBA), the Community Home Lenders of America (CHLA), the National Association of Realtors (NAR) and the National Reverse Mortgage Lenders... Read more »
Since the 2008 housing crisis, there have been significant changes that prompted the Treasury to place Fannie Mae and Freddie Mac under conservatorship. While the conservatorship has allowed for the mortgage market... Read more »
The 2023 housing market predictions by Fannie Mae provide a glimpse into a market navigating through challenging waters. Despite the hurdles posed by soaring mortgage rates, the housing market has demonstrated resilience.... Read more »
Government-owned corporation Ginnie Mae announced on Wednesday that it has revised its definition for high-balance loans, conforming to new limits announced earlier this week by the Federal Housing Finance Agency (FHFA), according... Read more »
Fannie Mae expects Q4 seasonally adjusted existing home sales to be 3.9 million on an annualized basis – the lowest since Q3 2010. Total home sales are projected to come in at... Read more »