Items Tagged with 'Fannie Mae'

ARTICLES

From HW Magazine

Five critical housing questions

Former Secretary of the Navy on what the next president needs to answer
Comprehensive housing finance reform that gradually winds down Fannie and Freddie and replaces them with a new market structure backed by increased private capital is the best solution to strengthen America’s housing finance system and to protect taxpayers.
Read More

Fannie Mae, Freddie Mac look for more ways to share credit risk

GSEs provide update on risk-sharing programs; seek input on front-end deals
The federal government is looking for additional methods and mechanisms that it can use to transfer credit risk currently borne by Fannie Mae and Freddie Mac, and therefore the American taxpayers, to private investors. Here's a breakdown of the history of Fannie and Freddie's risk-sharing deals, and a look at what the GSEs want to do next.
Read More

Quicken Loans now offering 1% down mortgages

Here are the details on the program that no one is talking about
While megabanks like Bank of America, Wells Fargo and JPMorgan Chase grabbed the headlines earlier this year by separately announcing plans to offer mortgage loans that only require a 3% down payment from the borrower, there is another major lender that is quietly requiring even less from borrowers. Unbeknownst to many in the market, Quicken Loans began offering an even better deal for borrowers late last year – a 1% down mortgage.
Read More

Are 3% down mortgages the new normal?

Young borrowers embrace opportunity to put less down
In a recent interview with HousingWire, Mat Ishbia, CEO of United Wholesale Mortgage, explained why low down payment mortgages are growing in popularity, especially among Millennial buyers. Are 3% down mortgages going to be the new normal?
Read More

FSOC: Congress must take on housing finance reform

Time is running out
The Financial Stability Oversight Council, which includes the leaders of the government's top financial regulatory agencies, believes that it is time for Congress to take on housing finance reform, stating that regulators are "approaching the limits" of their ability to enact housing reforms.
Read More

HomeBridge hires Fannie Mae veteran

Alex Saphos joins as investor relations advisor
After a 40-year career in the mortgage industry, including 30 years with Fannie Mae, Alex Saphos joins HomeBridge Financial Services. Here’s what he brings to the table, and what it means for the company.
Read More

Fannie Mae sets new date for use of trended credit data

After unexpected delay, latest Desktop Underwriter update coming soon
Last week, Fannie Mae unexpectedly announced a delay to the latest update to its Desktop Underwriter program. The delay was noteworthy because at the time, Fannie Mae didn't provide a date for when the use of trended credit data was going to begin. We now know the implementation date.
Read More