GSEs

The FHFA has announced the conforming loan limit values for mortgages that Fannie Mae and Freddie Mac will acquire in 2024, in adherence to the Housing and Economic Recovery Act, which requires periodic adjustments to reflect changes in average U.S. home prices.

Home sales are likely to weaken in the near term and will likely bottom out sometime early next year, according to new commentary from Fannie Mae’s Economic and Strategic Research Group.

The amendments in the final rule will bolster the ERCF to ensure that each GSE operates in a sound manner and is well-positioned to fulfill its mission to provide stability and assistance to the secondary mortgage market.

The GSE offloads its latest pool of risky loans to investors, which provides the opportunity for investors and reinsurers to invest in the U.S. housing finance system.

With factors ranging from low volumes to inflation and manpower shortages putting the squeeze on the property preservation and field services sectors, MortgagePoint speaks to the vendors, government agencies, and GSEs trying to guide this important industry through the challenges it faces.

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.

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.

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.

Commercial real estate and multifamily real estate loan originations dropped almost 50% year-over-year during the third quarter of 2023. Click through to find out what else the Mortgage Bankers Association found in their quarterly report.

With rising inflation intensifying U.S. housing costs, Fannie Mae's Home Purchase Sentiment Index showed a record number of consumers believe it’s a bad time to buy a home, further hampering those looking to achieve the American dream.