Fannie Mae will buy 97% LTV mortgages

Fannie Mae will buy 97% LTV mortgages

Credit improvements lead to mortgage product

MBA leaders challenge federal regulators to take action

MBA: It's time for the penalty phase to end

5 things you absolutely need for the MBA convention in Las Vegas

Every one of these is totally necessary
W S

REwired

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Opinion, commentary and analysis on everything that makes the U.S. housing economy tick -- not to mention the ghosts in the machine, too. Written by HW's team of editors and reporters each business day.

Freddie Mac CEO: We will help increase mortgage lending

Competition among two is still competition
Jacob Gaffney
The CEO from the government-sponsored enterprise, Freddie Mac, said that his firm is increasingly becoming more competitive in the mortgage market and will look to see how its "credit box could be more fully utilized.”
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Nope, tiny houses are not the next big thing

Sorry, man – size matters
Trey Garrison
"There's a new, huge craze sweeping the United States... and it's tiny houses." No. No there's not. Just stop it.
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Monday Morning Cup of Coffee: Mortgage lending set to loosen?

MBA Las Vegas and housing metrics will dominate the week
Trey Garrison
With the big Mortgage Bankers Association conference in Vegas, a big announcement from FHFA on the way, and housing metrics galore, it's like Christmas comes early. Follow HousingWire this week for real-time reports from the MBA Convention and Expo.
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Auction.com selling Connecticut ghost town

Looking for a “scary” return on investment?
Ben Lane
What makes the Village of Johnsonville different than other properties? Well, for starters, it’s a ghost town. With real, actual ghosts in it.
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5 things the slightly paranoid person absolutely needs for the MBA convention

A little Ebola preparation goes a long way
Sarah Wheeler
I'm not a doctor — I don't even play one on TV. But I've rounded up the most useful things you can bring to the convention to be prepared.
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5 things you absolutely need for the MBA convention in Las Vegas

Every one of these is totally necessary
Jacob Gaffney
Here are the 5 things you absolutely need for the MBA, and heck, for other conventions as well, in order of least necessary, to “you will probably die if you do not do this” order of importance.
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Is the Massachusetts AG's run for governor compromised by GSE buyback lawsuit?

Nonprofit CEO also co-chairs Coakley’s campaign finance committee
Ben Lane
Massachusetts Attorney General Martha Coakley stands accused of failing to disclose close ties between her gubernatorial campaign and a nonprofit that’s at the center of the State of Massachusetts’ lawsuit against the Federal Housing Finance Agency, Fannie Mae and Freddie Mac over buyback programs.
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Not all lenders think HELOCs are the next bubble

Rates set to reset, HELOC demand on the rise
Brena Swanson
As the wave of resets for home equity lines of credit continues to rise, many homeowners are left with higher monthly mortgage payments. But the industry is divided on the past and future problems that come with HELOCs.
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Congress must extend housing short sale tax relief

Threat of tax penalty has chilling effect on recovery
Tom Zeeb
The classification of the homeowner debt cancelled during a short sale as income allows the IRS to levy a hefty tax bill against Americans who were unable to pay their mortgage, thus burying them in further debt and making the use of the short sale transaction prohibitive.
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Moody’s Mark Zandi: Don’t mess with the g-fees

Zandi says it won’t bring in the private capital
Trey Garrison
While many argue that higher g-fees are necessary to entice more private capital into the mortgage market, Mark Zandi, Chief Economist at Moody’s Analytics, believes this is a stretch.
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