GSEs

Freddie Mac reports that mortgage rates have fallen for the third consecutive week, however prospective buyers have been handcuffed by a short supply of housing inventory.

“Inflation has now been joined by financial stability concerns as threats to sustained growth,” said Doug Duncan, SVP and Chief Economist for Fannie Mae.

Mortgage rates fell for the second consecutive week, spurring a jump in mortgage apps at the outset of the spring homebuying season.

Fannie Mae and Freddie Mac both offer special mortgages for green homes; federal and state programs also promote weatherization initiatives through grants for certain projects.

The Five Star Institute presents the first-ever REO Connect event, a gathering of the REO community featuring educational offerings and networking opportunities geared to meet the needs of unique marketplace.

The GSE alerted investors about calling off a $542 million credit risk transfer to private investors due to a tumultuous economic environment.

President Biden has issued his budget for 2024, featuring a suite of funding and tax credit proposals aimed to tackle the nation’s housing affordability crisis.

By helping reduce foreclosures and expanding loss mitigation options, HUD’s new rule seeks to help keep more in their homes in times of economic instability.

In April, the Five Star Institute will present its annual Government Forum, an event bringing together mortgage servicers and government officials under one roof to share their perspectives on the industry.

Continued economic growth and a rise in inflation have helped push mortgage rates up for the fourth consecutive week, making it difficult for potential buyers to jump into the purchase market.