Fannie Mae Home Purchase Sentiment Index Rises in December But Affordability still A Big Challenge In 2023

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In: New Home Mortgage News

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However, it is still far below pre-pandemic highs, according to new Fannie Mae data. The sentiment of prospective homebuyers’ purchases slightly improved in December.  According to Fannie Mae, persistent affordability issues will prevent buyers from entering the market in 2023,Continue Reading

Fannie Mae Expects Housing Market to Get Gloomier Next Year

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In: Realtor News

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The housing market outlook is bleak next year and is expected to recover in 2024-2022. Fannie Mae’s Economic and Strategic Research (ESR) team expects single-family home sales to reach 5.67 million in 2022, decline to 4.42 million in 2023, andContinue Reading

Fannie Mae Forecasts 1.5 Percent Dip in Property Prices In 2023

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In: Realtor News

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The housing market outlook for 2023 is deteriorating monthly, and the latest report predicts that existing home sales will decline by more than 1 million units. Fannie Mae’s Economic and Strategic Research (ESR) team expects current single-family home sales toContinue Reading

Fannie Mae to Include Rent Payments in Risk Assessments In Their New Program

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In: New Home Mortgage News

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Fannie Mae on Tuesday launched a pilot program to help borrowers in many areas build their credit reports and improve their credit scores. It starts in September. Starting on the 27th, eligible multifamily landlords will be able to share rentContinue Reading

Fannie Mae HPSI Dropped By 0.8 Points In August

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In: Mortgage News

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The Fannie Mae Home Purchase Feeling Index® (HPSI) diminished from 0.8 focuses in August to 62.0, its 6th successive month-to-month decline, as high home costs and raised mortgage rates keep on burdening customer opinion, especially home-selling feeling.  In spite ofContinue Reading

Fannie Mae Gains $4.7 Billion as net income for Second Quarter Of 2022

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In: Mortgage News

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Fannie Mae reported a net income of $4.7 billion for the second quarter of 2022, up from $4.4 billion in the first quarter. Net income increased by $200 million in the first six months of the year compared to lastContinue Reading

According to Fannie Mae Russia-Ukraine War and Inflation Effect US Economy

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In: Home Equity News

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Russia’s continuous attack of Ukraine and how it affects worldwide development could before long start to negatively affect the U.S. economy as it pushes expansion higher, as per the most recent monetary viewpoint from Fannie Mae. The most recent ConsumerContinue Reading

New Fees Added to Few Mortgage Loans by Freddie Mac and Fannie Mae

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In: Mortgage News

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Fannie Mae and Freddie Mac are forcing new charges on loans inexpensive locales and on second homes.  For the small part of borrowers designated by the change, the new charges can add a large number of dollars in forthright expenses.Continue Reading

New Guidelines by Fannie Mae and Freddie Mac to Get Mortgages for Condominiums

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In: Mortgage News

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Last updated on April 5th, 2023 at 10:25 pmTo get new home loan credits upheld by Fannie Mae and Freddie Mac, condos are currently needed to stick to changing primary security necessities.  Following the Surfside, Florida condo tower breakdown inContinue Reading

Fannie Mae To Use Blend Rent Payment Data in Credit Access Expansion System

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In: Realtor News

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U.S. finance giant Fannie Mae has begun incorporating information from advanced financial startup Blend Labs Inc. into its endorsing system to make it more straightforward for banks to assess a borrower’s rental installment history when supporting a home loan. Fannie’sContinue Reading