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Tag Archives: Fannie Mae

Analysts: GSE Liquidation Bill Unlikely to Pass Unscathed

While a new bill proposing the liquidation of the GSEs might have investors unsure about their future, analysts at Barclays insist there is little to worry about for the time being. The bill, authored by Sens. Bob Corker (R-Tennessee) and Mark Warner (D-Virginia) and titled the "Secondary Mortgage Market Reform Act of 2013," represents a major bipartisan step for housing finance reform. However, the team at Barclays believes the legislation may not go anywhere in its current form.

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Optimism Toward Buying, Selling Reaches Record Highs

According to Fannie Mae's May 2013 National Housing Survey, Americans expressed record confidence in price gains, with 55 percent--a survey high--saying they believe prices will go up in the next year. Only 7 percent of respondents in the survey expect prices to drop, the lowest level since the survey's inception. In addition, the average 12-month home price chance expectation was 3.9 percent, the highest level in the survey's history and a leap over April's 2.7 percent forecast.

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Survey: Renters See Sensibility in Homeownership

To better gauge the future of homeownership and the current shift toward renting, Fannie Mae's National Housing Survey took a look at renter attitudes and preferences in Q3 2012 to get an idea of their aspirations and expectations. According to the findings, the majority of respondents believe renting has its advantages in terms of current finances and stress. However, when asked about control, privacy, security, and financial prospects, the vast majority (64 percent and up across each question) said owning is the better choice.

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FHFA, Citigroup Settle MBS Claims

The Federal Housing Finance Agency (FHFA) and Citigroup have reached a settlement over allegations of fraud in the selling of $3.5 billion of mortgage-backed securities.

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NAFCU Speaks Out on Lender-Placed Insurance Restrictions

The National Association of Federal Credit Unions (NAFCU) offered a comment letter Tuesday addressing the Federal Housing Finance Agency's (FHFA) proposed restrictions on lender-placed insurance practices. In a response for the association, NAFCU senior regulatory affairs counsel Tessema Tefferi urges FHFA to scale back the discussed restrictions, which he believes are too broad. In addition, Tefferi asks the agency to ensure its policies and regulations are consistent with those already laid out in the Real Estate Settlement Procedures Act (RESPA).

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