Items Tagged with 'Fannie Mae'

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Fannie Mae sells $20.3m NPLs to familiar non-profit

Frequent buyer snaps up deeply delinquent mortgages
Fannie Mae broke with tradition recently when it announced plans to sell a pool of non-performing loans through its “Community Impact Pool” program to a private equity firm, rather than the non-profits, small investors and minority- and women-owned businesses it is designed to target. But in its fifth Community Impact Pool sale, Fannie Mae is turning back to a non-profit, and a familiar one at that.
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It's official: Fannie Mae moves to open credit box with trended credit data

Desktop Underwriter 10.0 arrives
After much anticipation, this weekend marked the official launch of Fannie Mae’s Desktop Underwriter Version 10.0, implementing the long-awaited use of trended credit. So what’s with the big hype around trended credit data? For starters, it's a game-changer for borrowers, helping them obtain greater access to mortgage credit.
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Fannie Mae: Economic growth to rebound in remainder of year

New home sales are the bright spot in housing
Economic growth will not continue on its present course, but will actually rebound in the second half of 2016, according to Fannie Mae. While some economic conditions continue to be a drag on potential growth, consumer and government spending will fuel the predicted increase to 2.6% growth by the end of the yea, Fannie Mae says.
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Monday Morning Cup of Coffee: Fannie Mae sets official date for using trended credit data

Also: Homebuyers beware of fake HAMP offers
After market anticipation, the launch date is finally set for the release of Fannie Mae’s Desktop Underwriter Version 10.0. Best part is this update is expected to open up the credit box to potential borrowers previously deemed unworthy. With Home Affordable Refinance Program extended into 2017, it also means that the threat of scammers pretending to offer government-sponsored modifications isn't going away. Beware.
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Fannie Mae: Consumers unsure about housing market in August

4 out of 6 HPSI components fell
Fannie Mae’s Home Purchase Sentiment Index decreased in August as consumers begin to feel less optimistic about the economy. It is still up from last year, however, and continues its slow upward climb. Those who say it’s a good time to sell came down from an all-time high.
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