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After 21 years with the GSE, David Benson has announced that he will step down as President in early- to mid-2024, to be replaced by current Fannie Mae CEO Priscilla Almodovar.
Read More »Fannie Mae President David Benson to Retire
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Many Want Rent Payments to be Reported to Credit Bureaus
Over 80% of respondents to a new poll conducted by Fannie Mae Multifamily want their on-time rent payments to be reported to the bureaus to advance their credit file in order to create more financial opportunities for themselves.
Read More »FHA Increases Fees for Property Preservation Expenses
An update to allowable inspection fees will increase compensation for inspections that determine a property’s occupancy status and safeguard neighborhoods from blight arising from inadequately maintained unoccupied homes.
Read More »Trade Groups Urge Congress to Extend NFIP and Protect Housing Market
In a letter to Mike Johnson, Speaker of the United States House of Representatives, 11 housing organizations have issued a letter to Congress to extend the authority of the NFIP by ensuring other vital housing programs do not lapse on November 17.
Read More »Low Inventory Fuels Growing Housing Competition
Limited inventory has brought about a rise in competition, as a new Zillow report finds that new listings are shrinking nationwide as home sellers accept that near-8% mortgage rates are unlikely to decline anytime soon.
Read More »Investors Purchased $36B Worth of U.S. Homes in Q3
Redfin reports that home investors purchased 15.9% of the U.S. homes sold in Q3, with the typical investment home priced at $475,115, up slightly from $449,895 in Q3 of 2022.
Read More »Senators Call Upon Credit Reporting Agencies to Protect Servicemembers
In a letter to TransUnion, Experian, and Equifax, a coalition of Senators led by Sharrod Brown are urging the big three credit agencies to ensure servicemembers receive free credit monitoring services and free access to credit reports.
Read More »Median Homebuyer Household Income Jumps to $107K
NAR reports that homebuyer income has seen an annual increase of 22% in 2023, as down payments have jumped to the highest percentage in over two decades.
Read More »Ginnie Mae Updates on MBS Guide, Single-Family Pool Delivery Module
“I am pleased to announce this final milestone of the SFPDM transition as part of our ongoing modernization and business transformation initiative,” said Ginnie Mae President Alanna McCargo. “The timely and successful completion of this enhancement is due to the combined efforts of the Ginnie Mae staff and our partners in the Issuer community.”
Read More »FHA Proposes Update to HECM Assignment Claims Eligibility Policy
New proposal seeks stakeholder feedback to ensure long-term viability for the HECM program and expanded availability for senior homeowners.
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