Items Tagged with 'Freddie Mac'

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Community bankers: GSE reform should keep what works and just fix the problems

How to ensure a robust primary and secondary mortgage market
More talk of reforming the government-sponsored enterprises are starting to surface as the Trump administration promises to make reform a priority. Diverging from other industry reform options out there, the Independent Community Bankers of America penned their version of how GSE reform should take place. So which option will work best?
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FHFA: Home prices jump 6.4% annually in February

One region sees home prices decrease
Home prices increased in February, as several reports already showed. The latest report, put out by the Federal Housing Finance Agency, uses home sales price information from mortgages sold to, or guaranteed by the GSEs, and therefore excludes cash sales and jumbo loans.
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House committee considers bill to open records at Fannie Mae and Freddie Mac

Budget office reports cost estimate
The House Committee on Oversight and Government Reform is considering a bill that would force Fannie Mae and Freddie Mac to comply with the Freedom of Information Act while under government conservatorship. The Congressional Budget Office released its report on what the bill would costs the GSEs and the FHFA.
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Does the MBA’s GSE reform plan finally address a key roadblock?

Stevens explains how this plan is different
Nearly eight years of conservatorship turned talks of reforming Fannie Mae and Freddie Mac into a myth - one that the industry might discuss but doesn't believe will actually happen. So what’s the main factor stopping GSE reform? No one really understands it. This problem is exactly what the Mortgage Bankers Association is trying to fix.
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MBA to Congress: Here’s the roadmap you need to tackle GSE reform

60-page white paper breaks down transition process to reform
On Sept. 6, 2008, the Federal Housing Finance Agency placed Fannie Mae and Freddie Mac into conservatorship. Nearly nine years later, the largest trade group in the mortgage finance space, the Mortgage Bankers Association, released a white paper to stay in front of the housing reform conversation and address one of the thorniest issues: how to transition to a new system.
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Now is the time — Make housing reform a priority

Exclusive op-ed from the president of the MBA
Today, MBA is releasing a plan detailing how a future secondary mortgage market can work – describing a post-conservator end state for Fannie Mae and Freddie Mac. Our proposal includes transition steps detailing how to get from here to there and is the only paper that comprehensively addresses how the reformed secondary market would serve all Americans along the broad continuum of affordable housing needs.
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Freddie Mac: Mortgage rate falls below 4% mark

Drops for fifth consecutive week
Mortgage rates fell below to 4% mark and landed at their lowest point since November 2016. As international relations grow more tense, investors are pulling out of more risky investments, bringing interest rates down further as they follow the Treasury yield.
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Freddie Mac: Mortgage rates drop four weeks straight

Dip to new 2017 lows
Mortgage rates continued to steadily decline, maintaining a recent downward trend in rates, according to Freddie Mac’s latest Primary Mortgage Market Survey. In fact, the average 30-year fixed-rate mortgage declined low enough to hit a record low for 2017.
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