The Latest

The new capital framework for Fannie Mae and Freddie Mac is a prelude to letting the mortgage giants potentially retain all their earnings. But efforts to privatize the companies could face pushback from the Biden administration.

Loans with balances under $27,200 do not have to comply with the special rules for property valuations of such mortgages.

A Freddie Mac study of loans in forbearance from 2017 and 2020 found that, over both periods, borrowers had low credit scores and high debt-to-income ratios.

The 2021 cap is still pretty high, historically speaking, but it’s down from the cap the Federal Housing Finance Agency put in place for a five-quarter period last year.

New-home construction maintained its momentum in October while possible site shutdowns loom.

October was a good month for home sellers in metro Atlanta.

Mortgage applications slipped 0.3% from one week earlier, as refinance volume, particularly for Federal Housing Administration and Veterans Affairs loans, shrank significantly, according to the Mortgage Bankers Association.

The Term Asset-Backed Securities Loan Facility was brought back to inject $100 billion into the pandemic-battered economy, but only a fraction has been disbursed. Yet experts, pointing to its calming effects on markets, recommend that it be extended into next year.

The remarks from the National Association of Realtors’ incoming president followed a vote by its board to ban “harassing or hate speech” within its code of conduct.

After ending their hostile bid, the two investors continued their push for greater control of the mortgage technology company.