Seniors healthier when they own home
A new study has revealed that seniors who own their homes are much more likely to enjoy good health and a generally good life during their senior years than those who rent their residences. The study...
View ArticleIs Web traffic a good bot, or a bad bot?
The interest rate for a large jumbo mortgage is now less than the rate for a smaller conventional loan. The increase in rate for conventional loans, combined with banks seeking jumbo mortgages for...
View ArticleWells Fargo in $591 million deal with Fannie Mae
SAN FRANCISCO — Wells Fargo says it has made a $591 million deal with Fannie Mae to settle obligations related to loans that went bad after the housing bubble burst. The deal announced Monday covers...
View ArticleAnnual housing production rate tops 1 million
Strong increases in both single-family and multifamily starts raised our nationwide housing production 22.7 percent to a seasonally adjusted annual rate of 1.09 million in November, according to...
View ArticleMortgage changes debut
Come Jan. 10, it may become more difficult for homeowners to obtain a mortgage. That’s when a host of new rules come into effect. Most notable among the changes for borrowers will be the...
View ArticleFunding sought for affordable housing projects
A third of the nation’s U.S. senators have sent a letter to Mel Watt, the new head of the Federal Housing Finance Agency and a former U.S. congressman from Charlotte, asking him to use funds from...
View ArticleJumbo and refi mortgages easier to obtain
Finally we are seeing solid signs of improvement in the availability of mortgage loans. According to a survey from Fannie Mae, credit availability is improving. For the first time in more than three...
View ArticleConsumer sentiment on housing improving
Despite some fits and starts to the housing recovery, Americans are optimistic about the market, according to Fannie Mae’s National Housing Survey for March, which may portend a pickup in home buying...
View ArticleWatt seeks to ease mortgage policy
In his first remarks since taking office as director of the Federal Housing Financing Agency, former Charlotte congressman Mel Watt indicated a shift in policy that may make more loan money available...
View ArticleUS judge slaps $1.3B fine on Bank of America
NEW YORK — A federal judge imposed a $1.3 billion civil penalty against Bank of America on Wednesday for its role in selling risky mortgages to Fannie Mae and Freddie Mac that were advertised as safe...
View ArticleUS regulator: Fannie, Freddie in deal with banks
WASHINGTON — A federal regulator says government-controlled mortgage giants Fannie Mae and Freddie Mac have reached an agreement with major banks that could expand lending. The head of the Federal...
View ArticleJudge dismisses Coakley federal housing lawsuit
BOSTON — A federal judge has dismissed a lawsuit filed by Attorney General Martha Coakley against the Federal Housing Finance Agency and mortgage giants Fannie Mae and Freddie Mac, saying the court...
View ArticleFannie, Freddie post profits in 3Q; pay dividends
WASHINGTON — Government-controlled mortgage companies Fannie Mae and Freddie Mac posted profits for the July-September period as the U.S. housing market continued to recover. Gains in recent years...
View ArticleBuying back in: Fannie Mae, Freddie Mac modify REO sales policy
In what may prove to be a controversial move, the Federal Housing Financing Agency has directed Fannie Mae and Freddie Mac to alter their policies on the sale of some 121,000 foreclosed properties in...
View ArticleMore Americans to buy homes with 3 percent down
WASHINGTON — Some Americans will soon be able to buy a home with a down payment as low as 3 percent, compared with the current minimum of 5 percent, the mortgage giants Fannie Mae and Freddie Mac say....
View ArticleHigher interest rates boost Fannie Mae profit
NEW YORK (AP) — Fannie Mae, the government-controlled mortgage company, said its net income in the fourth quarter nearly doubled on higher interest rates. It also said Friday that it expects to pay the...
View ArticleJudge: Ex-Fannie Mae boss must face SEC-led civil trial
NEW YORK (AP) — A former Fannie Mae top executive must face a civil trial over Securities and Exchange Commission charges he misled investors about subprime mortgages before the housing bubble burst, a...
View ArticleFannie Mae posts $1.1B profit in 1Q; paying $919M dividend
WASHINGTON (AP) — Mortgage giant Fannie Mae posted net income of $1.1 billion for the first quarter, down from a year ago as declining interest rates reduced the value of the financial instruments it...
View ArticleFannie Mae ends 2016 with $55.3B in multifamily volume
Fannie Mae provided $55.3 billion in financing and supported 724,000 units of multifamily housing in 2016 – the highest volume in the history of its Delegated Underwriting and Servicing (DUS) program....
View ArticleA seller’s market?
The Fannie Mae Home Purchase Sentiment Index decreased 0.5 percentage points in May to 86.2. The slight decrease can be attributed to decreases in three of the six HPSI components being larger on net...
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