The Fannie Mae Home Purchase Sentiment Index fell by 4.7 points to 68.5 in April, its lowest level since May 2020, as surveyed consumers expressed heightened concerns about housing affordability and rising mortgage rates.
Tag: Fannie Mae
FHFA Announces Mandatory Supplemental Consumer Information Form Use
The Federal Housing Finance Agency announced Fannie Mae and Freddie Mac will require lenders to use the Supplemental Consumer Information Form as part of the application process for loans that will be sold to the Enterprises.
Industry Briefs Apr. 28, 2022: FHFA Announces GSEs’ Duty to Serve Plans for 2022-2024
The Federal Housing Finance Agency published the 2022-2024 Underserved Markets Plans for Fannie Mae and Freddie Mac under the Duty to Serve Program., which outline the government-sponsored enterprises’ commitment to serving manufactured housing, affordable housing preservation and rural housing.
March New Home Sales Stumble
New home sales took a tumble in March, HUD and the Census Bureau reported Tuesday, hamstrung by the usual suspects: rising interest rates; inadequate inventories and rapidly increasing home prices.
MBA Sends FHFA Recommendations on GSE Seller/Servicer Eligibility Requirements
The Mortgage Bankers Association on Monday sent a letter to the Federal Housing Finance Agency, offering detailed recommendations on the agency’s re-proposal of eligibility requirements for seller/servicers of single-family loans backed by Fannie Mae and Freddie Mac.
MBA Sends FHFA Recommendations on GSE Seller/Servicer Eligibility Requirements
The Mortgage Bankers Association on Monday sent a letter to the Federal Housing Finance Agency, offering detailed recommendations on the agency’s re-proposal of eligibility requirements for seller/servicers of single-family loans backed by Fannie Mae and Freddie Mac.
Industry Briefs Apr. 21, 2022: Optimal Blue Launches Investor Pricing Insight
Optimal Blue, Jacksonville, Fla., released Investor Pricing Insight, a benchmarking tool that makes real-time pricing available to wholesale and correspondent mortgage investors on demand.
Commercial/Multifamily Briefs Apr. 20 2022
Blackstone, New York, agreed to acquire student housing real estate investment trust American Campus Communities, Austin, Texas, for $12.8 billion, including assuming ACC debt.
Multifamily Gives Positive Edge to March Housing Starts
Housing starts improved slightly in March, thanks to a bump in multifamily starts, HUD and the Census Bureau reported Tuesday.
Industry Briefs Apr. 18, 2022: Wells Fargo Expands Efforts to Advance Racial Equity in Homeownership
Wells Fargo, San Francisco, announced an initiative to help advance racial equity in homeownership. The company will develop a Special Purpose Credit Program to help minority homeowners, whose mortgages are currently serviced by Wells Fargo, refinance those mortgages. Initially, through the program, Wells Fargo will identify eligible Black homeowners who could benefit from a refinance product.