Looking back, the housing industry is totally Scrooged

Looking back, the housing industry is totally Scrooged

Here's the HousingWire/Star Wars Christmas 2014 special

FHA loans could face "tidal wave of defaults"

All indices hit series high

Another mortgage lender launches 3% down loan

Falls in line with FHFA
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Items Tagged with 'FHFA'

ARTICLES

Monday Morning Cup of Coffee: Oil’s crash will impact MBS market

Mortgage fraud continues to be a problem, plus the gift of housing metrics
Trey Garrison
Oil's dramatic drop is going to have a big impact on agency and non-agency MBS. Here's what it means. Plus, it's a surprisingly busy week for housing metrics. We have the details.
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Another mortgage lender launches 3% down loan

Falls in line with FHFA
Brena Swanson
United Wholesale Mortgage is one of the first wholesale lenders to fall in line with the Federal Housing Finance Agency's newest initiative to expand the credit box to first-time homeowners, adding a 97% loan to value product to its offerings.
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Fannie Mae explains 6 ways to push borrowers to refi

Time is running out
Brena Swanson
The FHFA continues to drill into homeowners that the Home Affordable Refinance Program and the Home Affordable Modification Program are not scams. To help push borrowers along, Robert Koller, director of credit risk management with Fannie Mae, gave six quick facts that could make all the difference to getting people to refinance.
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Community groups applaud Fannie, Freddie funding Capital Magnet Fund

Groups say funding will help affordable housing projects
Trey Garrison
Community development and affordable housing advocates say that despite criticism from conservatives, funding for the Capital Magnet Fund will make a big difference in their efforts. Here's what they mean.
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Fannie Mae and Freddie Mac to restart affordable housing fund

Republicans: It's a slush fund
Trey Garrison
FHFA Director Mel Watt ordered the GSEs to again start setting aside money for a previous fund that allocates grants and assistance to low-income households. But why did funding get suspended in the first place?
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Will mortgage lenders offer 3% down GSE products?

Bank of America is not doing FHFA mortgages but AMCAP is
Brena Swanson
Fannie Mae and Freddie Mac opened the door to 97% loan-to-value mortgages, but lenders are not rushing to go through it. While those mortgages are good news for first-time homeowners, it may be some time before this product takes hold.
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Realtors push for more policies to boost first-time homebuyers

NAR: Congress, White House must do more for housing
Trey Garrison
Realtors want to open the credit boxes even more and want Washington to push policies to help those with lower credit and less savings buy homes. Haven't we heard this one before?
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Fannie and Freddie officially approve 3% down payment mortgages

Key differences between both GSEs secondary products
Brena Swanson
It's here. Fannie Mae and Freddie Mac officially unveiled each of their 97% loan-to-value offerings for mortgages they securitize. And while both are working to expand the credit box for first-time homebuyers, there are key differences between what each one requires.
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Monday Morning Cup of Coffee: The biggest drag on homebuying is...

Why the revised FHFA loan limits matter; QM’s effect on 3Q lending
Trey Garrison
QE, ZIRP, opening the credit box, big tax credits - and yet the housing recovery has still been like a tuna sandwich from a gas station -- disappointing at best. But now we may know the real reason homebuyers have held back.
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Second jobs create obstacles for home buyers

Full-time job income plus part-time job income just not enough
Brena Swanson
The government is working to expand the credit box, but it just is not happening fast enough as borrowers with second jobs struggle to qualify for mortgages.
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