Fannie Mae

Fannie Mae has selected five organizations to share in a $5 million pilot program aimed at expanding and promoting affordable housing and Black homeownership.

Allowing Fannie Mae and Freddie Mac to buy these loans encourages consumers to purchase more expensive homes, the group said.

Scores will be assigned to all loan pools created since 2010, including future securitizations, and are expected to help investors determine the share of mortgages meeting specific characteristics.

Fannie Mae announced a pilot rollout of a new special-purpose credit program, while Freddie Mac said it is expediting review of similar new programs from lenders during the Mortgage Bankers Association conference this week.

Ramon Richards discusses Fannie's tech roadmap for 2023, retaining tech personnel, and relying on third party vendors

The new chief executive comes to the government-sponsored enterprise from national nonprofit Enterprise Community Partners and previously held management roles at JPMorgan Chase.

Join three officials from the Federal Housing Finance Agency's recently establish Office of Technology to hear about their goals and initiatives for the department and how their work may impact every day lending activities.

As the GSEs enter their 15th year in conservatorship, shareholders are wondering when they'll get their company back.

Also, SWBC lands two new chief officers, Angel Oak ups its correspondent business team and Movement Mortgage taps industry vets for newly created roles.

Automating rent-based underwriting for single-family loans and offering incentives for multifamily borrowers who accept housing vouchers are just two ways Fannie Mae and Freddie Mac are tackling the challenge of equitable housing.

In actuality, the law establishes the procedure for setting the maximum limits; in principle, the director could set the limits below these maximum levels, argues a former principal economist for the Federal Housing Finance Agency.

On a combined basis, the GSEs performed better under this year's scenario than they did in 2021, but the Federal Housing Finance Agency said changes were still needed.

While a growing share of consumers expect housing costs and interest rates to decrease over the coming year, uncertainty is also leading some to see it as an inopportune time for both purchasing and selling, Fannie Mae reported.

Net interest income was the driver, as increases from investments more than offset a decline related to its guaranty book of business.

Katie Jones is the third woman added to the GSE’s chief officer ranks in the past year.

Congressional authorization for credit-preference programs in the Equal Credit Opportunity Act could mitigate disagreements that might arise from the equitable housing finance plans, write two partners at K&L Gates.

But total volume is still 53% below last year’s level, while Fannie Mae found the dollar value of refinances down by over 70%.

These standalone properties make up nearly half of all rental units and the financing of them by Fannie Mae and Freddie Mac should reflected in the Federal Housing Finance Agency's affordable housing goal calculations, writes Manchester.

Fannie Mae and Freddie Mac have used the classic FICO score since 2003.

Affordable housing and legal expert Sharifa Anderson returns to the government-sponsored enterprise after prior roles at the Federal Home Loan Bank of Pittsburgh and HUD.