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.
Tag: Fannie Mae
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.
People in the News Apr. 13, 2022: Big Changes at Fannie Mae
Fannie Mae, Washington, D.C., announced Board Chair Sheila C. Bair and CEO Hugh R. Frater will resign effective May 1. The Board elected Michael J. Heid to succeed Bair and appointed Fannie Mae President David Benson as Interim CEO and Board member.
People in the News Apr. 12, 2022: Big Changes at Fannie Mae
Fannie Mae, Washington, D.C., announced Board Chair Sheila C. Bair and CEO Hugh R. Frater will resign effective May 1. The Board elected Michael J. Heid to succeed Bair and appointed Fannie Mae President David Benson as Interim CEO and Board member.
Housing Market Roundup: Apr. 8, 2022
Here’s a quick-hit summary of recent housing reports that came across the MBA NewsLink desk: