It already hasn’t been a good week for housing. On Monday, the National Association of Home Builders reported its Housing Market Index fell for the eighth straight month to two-year low. And on Tuesday, HUD and the Census Bureau reported housing starts fell in July by nearly double digits to its slowest pace since 2020.
Tag: Fannie Mae
FHFA Announces Update for Services to Maintain Fair Lending Data
The Federal Housing Finance Agency on Wednesday announced Fannie Mae and Freddie Mac will require servicers to obtain and maintain fair lending data on their loans, and for this data to transfer with servicing throughout the mortgage term.
Solid Jobs Report Move Employment, Unemployment Rate to Pre-Pandemic Levels
Total nonfarm employment jumped by 528,000 jobs in July, more than double consensus expectations and pushing the unemployment rate to 3.5 percent, the Bureau of Labor Statistics reported Friday.
Industry Briefs Aug. 5, 2022: Fannie Mae Survey Cites Cost-Cutting as Top 2022 Business Priority
Fannie Mae, Washington, D.C., said mortgage lenders appear to be adapting their business priorities to meet what they believe are a new set of challenges, including weakened mortgage demand and rising rates.
FHFA: Fannie, Freddie NPL Sales at 155,000
Fannie Mae and Freddie Mac have sold nearly 155,000 non-performing loans with a total unpaid principal balance of $28.7 billion since 2014, the Federal Housing Finance Agency reported on Tuesday.
June Jobs Report Beats Estimates
Employment rose by 372,000 jobs in June, the Bureau of Labor Statistics reported Friday, a strong report despite rising inflation and economic uncertainty.
Fannie Mae: Survey-High 81% of Consumers Believe Economy on ‘Wrong Track’
Fannie Mae, Washington, D.C., said its Home Purchase Sentiment Index fell by 3.4 points in June to 64.8, its second-lowest reading in a decade.
Dealmaker: Greystone Provides $21M Fannie Mae Loan in Herndon, Va.
Greystone, New York, provided a $21.4 million Fannie Mae Delegated Underwriting and Servicing loan to refinance a 144-unit multifamily community in Herndon, Va.
Industry Briefs, June 28, 2022
Lender Price, Pasadena, Calif., released Marketplace 2.0, a major enhancement to its Broker Marketplace platform.
Broeksmit Weighs in on How to Narrow Minority Homeownership Gap
Mortgage Bankers Association President and CEO Robert Broeksmit, CMB, said Special Purpose Credit Programs can provide lenders with an effective way to serve minority groups who do not have access to generational wealth.