Articles Tagged with ''Federal Housing Finance Agency''

FHFA: Home prices still on the rise

But growth could see moderation in 2018
Home prices are still on the rise, increasing once again in February. But one expert said a rise in debt-to-income ratios looks to have supported house price gains over the past few months but, with mortgage interest rates now on the rise, he still expects a slight moderation in growth this year.
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Fannie Mae now allowing lenders to contribute to borrower closing costs

Funds must be a gift and cannot be used toward down payment
While it’s not quite the same as the down payment assistance that the government-sponsored enterprises used to allow, lenders now have a new way to help borrowers buy a home – closing cost assistance. Fannie Mae announced this week that it will now allow lenders to contribute to borrowers’ closing costs, as long as the money is a gift and is not used towards a borrower’s down payment. Click the headline to read more.
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MBA calls for competitive credit score requirements

Submits letter to FHFA
On the last day to submit comments about credit scoring to the Federal Housing Finance Agency, the Mortgage Bankers Association sent in a letter calling for more competitive credit score requirements. Here’s some of the requirements the MBA outlines in its letter to the FHFA.
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FHFA: Here are 10 things the GSEs did to improve access to credit in 2017

Agency releases annual scorecard on Fannie, Freddie
The Federal Housing Finance Agency released its annual progress report summarizing the activities of the GSEs in 2017. Objectives in the 2017 scorecard required the enterprises to continue to assess opportunities to address credit access and develop recommendations for improvement, improve the effectiveness of pre-purchase counseling and homeownership education. Here’s what they did.
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FHFA officially sets date for Fannie, Freddie single security

Uniform Mortgage-Backed Security coming on June 3, 2019
After years of work and planning, the development of a single mortgage-backed security that will be issued by both Fannie Mae and Freddie Mac is nearly complete. The FHFA announced Wednesday that the government-sponsored enterprises will officially begin issuing the single security, called the Uniform Mortgage-Backed Security, on June 3, 2019.
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FHFA: Home prices jump in January

Growth strongest on coasts
Home prices increased in January, moving even faster than the levels of increase seen at the end of 2017. In fact, January’s increase in home prices was the highest monthly increase since February 2017.
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Hensarling blames Watt for GSEs needing Treasury money, demands answers

Criticizes Watt for ordering Fannie, Freddie to contribute to Housing Trust Fund
One of the top Republicans in Congress lays the blame for Fannie Mae and Freddie Mac needing money from the government for the first time since 2012 not on the Republican tax plan’s reduction of the corporate tax rate, but rather, squarely at the feet of Federal Housing Finance Agency Director Mel Watt.
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