Items Tagged with 'Fannie Mae'

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  • Fannie Mae: Cheap mortgage rates will push 2019 refinancings to three-year high

    Fixed rates probably will average 3.5% in Q4, according to forecast
    Fannie Mae released a forecast on Tuesday that has 30-year fixed mortgage rates falling to an average of 3.5% in the fourth quarter from 3.6% in the current period, which will boost refinancings to a three-year high. The nation’s biggest mortgage financier said refinancings probably will reach $699 billion in 2019, a 31% jump from 2018.
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  • Calabria: Fannie Mae and Freddie Mac won’t privatize until 2020’s end or later

    FHFA director comments in Bloomberg TV interview
    The federal regulator for Fannie Mae and Freddie Mac said the nation’s largest mortgage financiers won’t be privatized until the end of 2020 at the earliest. “It really depends on how quickly they raise capital,” said Federal Housing Finance Agency Director Mark Calabria in a Tuesday interview on Bloomberg TV.
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  • Majority of nation's housing markets have now recovered from housing recession

    But 25% of America's metros have yet to see significant improvement
    As home price appreciation strengthens across the country, a report from HSH suggests home prices have now returned to pre-recession highs in a majority of the nation’s largest housing markets. According to the company’s index, 75% of America’s largest housing markets achieved full home price recovery in the second quarter of 2019. However, the remaining 25% have yet to see significant improvement.
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  • FHFA moves to curb Fannie Mae, Freddie Mac green loans for multifamily

    Regulator raises lending caps for GSEs but ends the energy-efficiency carve-out
    The federal regulator for Fannie Mae and Freddie Mac announced changes on Friday to tweak its role in the multifamily mortgage market. The FHFA boosted the multifamily lending caps for the nation’s two largest mortgage financiers to $100 million each, but that won’t necessarily increase volume because it also ended the exemption for “green loans” that had swelled the GSEs’ balance sheets. The regulator also announced it was reclassifying loans in some rural areas and high-cost areas as counting toward the GSEs’ affordable housing goals.
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  • Trump administration's plan for Fannie Mae, Freddie Mac "survived" Senate hearing

    Treasury "sweep" may end by Sept 30, Cowen report says
    Treasury Secretary Steven Mnuchin told a Senate committee on Tuesday he wants to reach an agreement quickly with the regulator of Fannie Mae and Freddie Mac to allow the companies to keep their profits to rebuild capital – a first step in privatizing the nation’s largest sources of mortgage financing. Cowen Washington Research Group said that key part of the “recap and release” plan could happen by Sept. 30.
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  • Fannie Mae: Declining mortgage rates propel nation’s home buying outlook to new high

    Expert says America’s favorable rate environment will continue to support refinance activity
    In August, American housing confidence increased slightly as more consumers expressed optimism regarding the nation’s falling mortgage rates, according to Fannie Mae’s Home Purchase Sentiment Index. According to the GSE’s report, sentiment ticked up by 0.1 point to 93.8 in August. Not only is this up 5.8 points from last year’s rate, but it also marks a new survey high.
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  • Housing industry rallies around Trump’s GSE reform plan

    Experts weigh in on the effect and timing of the plan
    Today marks the 11th anniversary of the government takeover of the mortgage giants Fannie Mae and Freddie Mac. Now, the housing industry is rallying behind the administration’s new secondary market reform plan that would remove the GSEs from conservatorship.
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