Fannie Mae acquired $51.1 billion in loans during January, its weakest purchase month since June of last year.According to company figures, its portfolio holdings also slipped during the month -- to $725.3 billion, a 3% decline from the previous month's level. However, compared with the level recorded in January of last year, Fannie's portfolio has fallen by a stunning 19%. The company is working its way through an $11 billion earnings restatement scandal. Currently, Congress is weighing legislation to create a tougher regulator for Fannie Mae and its rival government-sponsored enterprise, Freddie Mac. A key sticking point in the bill is the size of their portfolios. The White House and the Treasury Department are in favor of shrinkage, but Democrats and some Republicans in Congress are against it.
-
The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
11m ago -
In a Senate hearing, Director Sandra Thompson said a raise to the required income threshold provided to affordable housing was on the table, while housing regulators also faced questions related to property insurance hikes and title insurance waivers.
30m ago -
The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
8h ago -
The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
9h ago -
But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
9h ago -
The top five producers had an average dollar volume of FHA loans of more than $50 million in 2023.
April 18