Lunch & Learn: Are appraisals the next big opportunity in mortgage fulfillment?

This Lunch & Learn for mortgage lenders will explore the evolution of the appraisal process as well as opportunities for innovation.

Why brokerages and mortgage lenders are rushing into JVs

Joint ventures are suddenly stitched into the fabric of a handful of national brokerages. But the idea of the joint venture collides with the loose, informal networks that color the American housing economy.

How to simplify the appraisal process for everyone in today’s hot market

While the world might be slowly getting back to normal, the housing boom is far from over. Appraisers need to make sure they have the right tools to manage the high demand.

Robert Dietz on why the single-family rental market is growing

In this episode of HousingWire Daily, NAHB's Robert Dietz explains why the marketshare of single-family rentals is growing despite strong homebuyer demand. He also discusses the NAHB’s latest Housing Market index.

Politics & Money

An end to Fannie, Freddie conservatorship by 2022?

Don’t count it out

Fannie Mae and Freddie Mac are on the path to exit conservatorship, a step that could come as soon as 2022.

Fannie and Freddie were taken into conservatorship in September 2008, with the government providing each of the GSEs with hundreds of billions of dollars in financial support in order for the companies to survive the housing crisis.

But now Federal Housing Finance Agency Director Mark Calabria is actively preparing the GSEs to exit conservatorship. Now that could come as soon as 2022 or even 2021.

At a housing policy conference in Washington Wednesday, Calabria said he expects the FHFA will have a rule dictating capital requirements in place before Fannie and Freddie can go to market. One option the FHFA is considering is a period where the GSEs technically exit conservatorship but aren’t completely free of government oversight.

“If all goes well, 2021, 2022 we will see very large public offerings from these companies,” Calabria said. “The consent decree will be able to give that window where they can go to market, do an offering and still operate under a way where we’ve got some prudential safeguards.”

Fannie and Freddie could be looking at exiting government control by 2022 or 2023, according to Calabria.

The FHFA recently announced that it would allow the GSEs to retain $45 billion in combined capital, further setting the stage for them to exit conservatorship.

Calabria has acknowledged that fully removing the GSEs from conservatorship can’t be done without Congressional action, but given the difficulty of getting that done quickly, the Trump administration is taking action to put the GSEs on the path to being private companies again.

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Why brokerages and mortgage lenders are rushing into JVs

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3d rendering of a row of luxury townhouses along a street

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