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Freddie Mac Forecasts Changing Trends in Origination

03.05.2019

The decline in mortgage rates, that fell at the start of 2019 after peaking last fall, is likely to provide some welcome relief to the housing market, according to Freddie Mac's latest monthly forecast.

Bills to reform credit bureaus unveiled on eve of hearing

02.27.2019

WASHINGTON — Ahead of a hearing with the chief executives of the three major credit reporting agencies, House Financial Services Committee leadership has released two bills aimed at reforming the bureaus and protecting credit scores for government employees affected by the shutdown.

Where Does Home Affordability Stand?

02.12.2019

According to the National Association of Home Builders’ fourth quarter Housing Trends Report (HTR), 2018 saw little change in how homebuyers perceived their ability to afford homes available in their markets. In Q4 of 2018, three out of every four buyers (76 percent) estimate they can afford fewer than half the homes-for-sale in their markets. 

GSEs Address Shutdown Woes

01.18.2019

Fannie Mae and Freddie Mac have issued an additional set of guidelines for lenders to help them assist borrowers, especially federal workers, whose income has been affected by the government shutdown. In a joint letter to lenders, the government-sponsored enterprises (GSEs) said that with the shutdown extending for a longer than anticipated time, they were "concerned about the impact that continued income interruption may have on borrowers' ability to meet their mortgage payment and other monthly obligations."

Sharp Rebound in Mortgage Applications

01.10.2019

Mortgage applications recorded an increase at 23.5 percent this week, on a seasonally adjusted basis, according to the latest Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey. This week's results include an adjustment for the New Year's Day holiday.

The State of Housing Finance

01.04.2019

The change in direction at the Federal Housing Finance Agency (FHFA) would be one of the most important things to happen in housing finance this year, according to experts at the Housing Finance Policy Center at the Urban Institute. "I’ll be watching to see if whatever changes are made will bring more private capital into the market," said Laurie Goodman, VP, Housing Finance Policy Center at the Urban Institute.

Mortgage Applications Continue Downward Trend

12.19.2018

Mortgage applications saw a decline by 5.8 percent on a seasonally adjusted basis, compared to last week, according to the latest Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey.

FHFA would ban VantageScore from Fannie Mae, Freddie Mac credit scores

12.14.2018

WASHINGTON—The Federal Housing Finance Agency has proposed barring Fannie Mae and Freddie Mac from using credit scores developed by VantageScore over concern about conflicts of interest with the joint venture of Equifax, Experian and TransUnion.

Addressing Home Price Expectations

12.12.2018

Consumer expectations on home price changes declined to their lowest level during the year, according to the latest Survey of Consumer Expectations released by the Federal Reserve Bank of New York. The monthly survey which published its findings for November revealed that while there was little change in the short- to medium-term inflation expectations, consumers were generally more pessimistic about their expectations on housing and the labor market.

Why Are Mortgage Applications Declining?

12.05.2018

According to a report by the Federal Reserve Bank of New York’s Center for Microeconomic Data, mortgage loan application rates decreased from 7.1 percent in June to 6.7 percent, due to higher mortgage interest rates. However, application rates for mortgage refinancing rose from 7.5 percent in June to 9.2 percent. Overall, mortgage and mortgage refinance application rates remained low in 2018.

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