Tag Archives: Fannie Mae

The U.S. Census Bureau's American Community Survey (ACS) found that more than 18 million homeowner households and more than 20 million renter households experienced housing affordability problems last year, with renters suffering more consistently high “cost burden” issues than owners.

Fannie Mae and Freddie Mac recently announced that the standard mortgage modification interest rate will be under 4 percent for the first time ever since the benchmark was established in January 2012.

Consumer confidence in the housing market declined slightly in October, while wages and salaries struggled and kept many from purchasing a home, according to Fannie Mae's Home Purchase Sentiment Index.

Fannie Mae and Freddie Mac's 2015 third quarter earnings statements have the housing industry buzzing about taxpayers paying the ultimate cost of funding yet another bailout for the GSEs.

Two days after fellow GSE Freddie Mac reported a net loss of $475 million for Q3, Fannie Mae reported a net income of $2 billion for the third quarter and a comprehensive income of $2.2 billion.

The U.S. House of Representatives has postponed voting for a bill that will limit the salaries of Fannie Mae and Freddie Mac CEOs due to a hefty lineup of other legislation to tend to. The vote was originally scheduled to take place last week.

With technological advances happening constantly in the mortgage industry, lenders may still be passing up opportunities to reach potential borrowers due to a lack of focus on mobile channels. According to Fannie Mae's Mortgage Lender Sentiment Survey, 40 percent of lender plan to offer a mobile application in the next year, but there are some lenders that have already got the jump on mobile technology.

The traditional mortgage lending days are nearly over. Technology is taking the industry by storm with new innovations that are moving mortgage lending closer to a completely online process.

Home prices appear to be losing some of their spark, slowing down to a marginal increase of 0.3 percent on a seasonally adjusted basis in August compared to last month.

Officials of the Obama administration recently rejected investors' calls to reform Fannie Mae and Freddie Mac to end the seven-year conservatorship between the two GSEs.