Fannie Mae and Freddie Mac have both updated their seller guides to incorporate the Consumer Financial Protection Bureau's Ability to Repay rule under the Truth in Lending Act.
Read More »Analysis: Housing Still Best Hope as Recovery Sees Growing Pains
Despite lackluster performance from the economic sector, the housing recovery will press on and stimulate overall growth, according to Freddie Mac's most recent economic and housing outlook.
Read More »Fixed Rates See Quiet Week as Markets Calm
Having spent the last several months bouncing around, average fixed mortgage rates were little changed over the last week as market speculation settled.
Read More »Fixed-Rate Loans Overwhelmingly Popular with Refinancers
Freddie Mac found that among refinances in the second quarter, 79 percent of homeowners with adjustable-rate mortgages (ARMs) switched to fixed-rate loans.
Read More »FHFA Seeks Input on Reducing GSE Multifamily Presence
The Federal Housing Finance Agency (FHFA) put out a release asking for public input on strategies for scaling back the GSEs' presence in the multifamily housing finance market in 2014.
Read More »Commentary: Solving the Wrong Problem
"GSE reform," according to White House propaganda, will end "an era of housing bubble and taxpayer bailouts." Obama's about the bubbles and bailouts, but wrong to blame Fannie and Freddie.
Read More »Former PNC Mortgage President Elected to Freddie Mac Board
Saiyid T. Naqvi, former PNC Mortgage president and CEO, has been elected as a director on Freddie Mac's board, the company announced.
Read More »Freddie Mac Maintains Positive Outlook for Multifamily Market
In its mid-year multifamily outlook for 2013, Freddie Mac notes that multifamily market fundamentals such as rents and vacancies continue to improve, with New York, San Francisco, Denver, Seattle, and Los Angeles all seeing marked growth. At the same time, supply presents a problem, the analysts said. While starts have seen growth over the last several years, completions are still lagging, and the gap between the two measures continues to grow wider.
Read More »Mortgage Rates Mixed in Wake of July Jobs Numbers
It was a mixed week for mortgage rate reports following the release of July's employment numbers, which showed job growth coming in below the market consensus forecast.
Read More »Freddie Mac Reports $5B Profit in Q2
According to Freddie Mac's quarterly earnings report, Q2 2013 net income totaled $5.0 billion, up about $407 million over the first quarter.
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