The MReport Webcast: Tuesday 12/15/2015

Looser credit standards brought an influx of first-time homebuyers in November 2015. First-time buyers made up 56 point 7 percent of primary owner-occupied home purchase mortgages with a government guarantee in November 2015, according to the American Enterprise Institute's First-Time Buyer Mortgage Share Index released Monday.

This share of first-time buyers in November is up nearly 2 percent year-over-year from 55 percent. Since April, this share of homebuyers has improved from the prior year, which AEI believes is the direct result of job market improvements, riskier mortgage lending, and low mortgage rates.

Freddie Mac sellers and servicers can expect some changes regarding the way that they do business in the coming year. The government-sponsored enterprise recently updated its Single-Family Seller-Servicer Guide bulletin with many changes to push the company's focus of making homeownership accessible to more first-time homebuyers and low-to-moderate-income borrowers.