Tag Archives: Fannie Mae

New Fannie Mae data revealed the pandemic prompted many first-time homebuyers to move from smaller housing units in high-density cities to larger homes in lower-density areas, fueling a rise in home sales and lowering the number of days homes sit on the market.

Fannie Mae’s latest Home Purchase Sentiment Index reverses course, picking up from the previous month’s lows.

Fannie Mae and Freddie Mac will now need Federal Housing Finance Agency approval—and possibly public comment—before offering new products, in order to ensure safety and soundness standards.

Fannie Mae’s Economic & Strategic Research Group now forecasts recessionary conditions taking a hold of the market during Q1 2023, even after forecasting better fourth-quarter numbers due to strong GDP and personal consumption figures.

Despite a minuscule rise in home-purchase sentiment for the month of November, Fannie Mae’s survey finds near-record pessimism and predicts slow sales heading into 2023.

An Urban Institute report claims recent fears about adjustable-rate mortgages are unfounded, suggesting that the lending tool should be utilized more often.

The maximum loan limits for FHA forward mortgages will rise in 3,222 U.S. counties next year, while in just 12 counties, loan limits will remain unchanged.

In most of the U.S., the 2023 CLL value for one-unit properties will be $726,200, an increase of $79,000 from $647,200 in 2022.

“Home sales are projected to hit a trough in Q2 2023, at a selling pace of 4.27 million annualized units, as the full effect of higher mortgage rates and the projected recession take hold,” according to a new Fannie Mae forecast.

Some 30% of borrowers do not rate shop when applying for a mortgage. Click through to see what that means.