Tag Archives: Freddie Mac

While saving for a down payment continues to be one of the most challenging barriers to homeownership for many, Freddie Mac’s latest multipronged action removes industry-wide barriers to down payment assistance (DPA) programs, helping provide mortgage loans and financial assistance to lower-income homebuyers across the nation.

As inflation eases and mortgage rates fell from their highest level, housing payments declined. A new Redfin report reveals an uptick in new listings, and what the drop in monthly payments could mean for homeowners and buyers in the coming year.

The MBA reports that the average national median mortgage payment rose to $2,199 in October, a $143 year-over-year rise. Here are the factors that were “dissuading would-be buyers from entering the housing market.”

In order to more closely align with the FHFA’s hike in conforming loan limits for 2024, Ginnie Mae has revised its definition of High-Balance Loans for single-family forward mortgage loans nationwide.

Keeping pace with the rise in median housing prices nationwide year-over-year, the Housing and Economic Recovery Act requires the FHFA to adjust the GSEs’ baseline CLL value annually.

"The economy is now slowing from the otherwise robust first estimate of third quarter growth," said Doug Duncan, Fannie Mae SVP and Chief Economist.

Homebuyers nationwide are finding some relief entering the Thanksgiving holiday, as mortgage rates have fallen to levels last reported in late-September, garnering interest from buyers and driving up overall app volume to levels not seen in over a month.

When it comes to accurate data, companies can’t afford not to use AI. Paul Fischer of Paradatec Inc. details the growing importance of this new technology.

The FHFA has reduced the multifamily loan purchase caps for Fannie Mae and Freddie Mac in 2024, continuing a commitment to address the need for affordable rental housing nationwide.

Driven by increased activity in the jumbo mortgage market, the MBA reported mortgage credit availability on the rise to begin Q4, as lenders have begun to offer more ARM products to offset mortgage rates that reached nearly 8% in the second half of October.