The Department of Housing and Urban Development has verified that Fannie Mae and Freddie Mac exceeded their affordable housing goals in 2005, even though Fannie missed one of its subgoals by a whisker."Both government-sponsored enterprises met the housing goals for 2005," HUD said. While Freddie achieved all of three home purchase subgoals, HUD's analysis "confirmed that Fannie Mae did not meet the low- and moderate-income home purchase subgoal," HUD said. Earlier this year, Fannie disclosed that it missed that subgoal. HUD created the three subgoals in order to exclude purchases of refinanced loans and encourage more GSE support for home purchase loans. The subgoal for low- and moderate-income home purchase loans was 45% in 2005, and Fannie came in at 44.59%. For 2006, the low-mod subgoal is 46%.
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The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
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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.
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The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
April 18 -
The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
April 18 -
But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
April 18 -
The top five producers had an average dollar volume of FHA loans of more than $50 million in 2023.
April 18