Tag Archives: Fannie Mae

Many housing experts feel that millennials are not as interested in homeownership than previous generations and prefer the freedom of renting instead, according to Fannie Mae commentary by Sarah , strategic planning analyst for Fannie Mae's Economic and Strategic Research Group.

Many people believe that the Baby Boomer generation have started downsizing from their single-family homes to live in apartments. A recent housing insights report from Fannie Mae's Economic & Strategic Research Group challenges this idea, finding that Baby Boomers are not fleeing to apartments but remaining in their homes.

The Federal Housing Finance Agency announced a final rule establishing the housing goals for Fannie Mae and Freddie Mac for both single-family and multifamily housing.

The report found that consumer attitudes toward selling stumbled last month, despite a recent flurry of optimistic projections about the U.S. housing market in general. In the past week, the National Association of Home Builders reported that more than half of builders it surveyed see 55+ housing as a solid endeavor.

Fair value gains were the primary driver as Fannie Mae's net income more than doubled from the first quarter to the second quarter, according to an announcement from Fannie Mae on Thursday.

Recent survey data from Fannie Mae's Economic & Strategic Research group found that many mortgage lenders are still applying credit overlays that are stricter than what Freddie Mac, Fannie Mae, or Ginnie Mae require.

The House Financial Services Committee has announced that proposed legislation to cap the salaries of CEOs at Fannie Mae and Freddie Mac has advanced to the markup phase, which will take place in the Committee on Tuesday, July 28.

A ruling in the Federal Claims Court on Tuesday made by Judge Margaret Sweeney will force the U.S. Treasury to disclose all of Fannie Mae’s and Freddie Mac’s conservatorship documents. Over 10,000 discovery documents will be released to the United States District Court of Appeals in Washington D.C. and the United States District Court. Fairholme Funds made the request in court against the GSEs, claiming that their investor ownership stake was taken unlawfully from them by the government when the conservatorship occurred. Fairholme's efforts are a step toward getting their ownership stake returned to them.

While there has been a massive amount of conversation about the future roles of Fannie Mae and Freddie Mac, the conversation often fails to address what these GSEs' government mortgage programs do for the mortgage market. Urban Institute recently released a report, identifying how programs like the Federal Housing Administration, the Department of Veteran’s Affairs, and the Government National Mortgage Association impact the mortgage market.

Freddie Mac, Fannie Mae, and Common Securitization Solutions, LLC (CSS) jointly announced on Wednesday the development of an Industry Advisory Group. The group will provide feedback and share information on efforts to build the Common Securitization Platform (CSP) and implement the Single Security.