Fannie and Freddie boost profits even as mortgage business tanks
Fannie Mae acquired $68B in single-family mortgages during Q1, the slowest period in more than 2 decades. Freddie Mac's $59B haul was the smallest since 2014
by Matt Carter May 3
What agents need to know as the complex mortgage fee hike kicks in
Loan-level pricing adjustments — a fee on mortgages — led to widespread misinformation leading up to the May 1 hike. Inman spoke to experts about what the changes mean for homeowners
by Taylor Anderson May 1
Impac Mortgage kicked off of NYSE American exchange, shares plunge
Non-QM lender has kept the doors open by slashing costs and repositioning its retail consumer direct channel, CashCall Mortgage, to be a mortgage broker
by Matt Carter Apr 27
Keller Williams, Rocket named best companies for diversity: Forbes
KW, Rocket and Anywhere all landed spots on Forbes' latest list of best employers for diversity. The news comes amid an ongoing push for greater diversity in real estate
by Jim Dalrymple II Apr 27
Fannie and Freddie's fees going up Monday despite lender objections
The Federal Housing Finance Agency says risk-based fee increases are aimed at ensuring the mortgage giants' safety and soundness, not to subsidize fee waivers for buyers of limited means
by Matt Carter Apr 26
More tech vendors approved to support appraisal-free mortgages
Stewart Valuation Intelligence (SVI) is the latest technology vendor to be approved by Fannie Mae to support new value acceptance + property data valuation process
by Matt Carter Apr 21
Better's 'One Day Mortgage' product lifts off
New products and agent partnerships could help Better make the transition from a company known primarily for refinancing existing loans to one that's geared to serving homebuyers
by Matt Carter Apr 12
Mortgage, tech experts invited to brainstorm ideas at 'TechSprint'
Fannie Mae and Freddie Mac's federal regulator will host Velocity TechSprint, a problem-solving challenge for product developers and data scientists in nation's capital July 10-13
by Matt Carter Apr 7
Software vendors gear up to support appraisal-free mortgages
Fannie Mae says starting April 15, more homebuyers will qualify for a program requiring full interior and exterior inspections that capture data and images throughout the property
by Matt Carter Mar 21
New mortgage fee won't debut until after spring homebuying season
Industry groups continue to object to new Fannie and Freddie fee aimed at some riskier borrowers as a burden on lenders and middle-class consumers
by Matt Carter Mar 17
Fannie and Freddie keep building capital reserves as profits shrink
By one measure, the mortgage giants have built up two-thirds of the reserves needed for them to be released from government conservatorship
by Matt Carter Feb 27
Disparity in mortgage rates offered by lenders doubled in 2022: Study
Homebuyers can potentially save $600 to $1,200 a year by applying for a mortgage with multiple lenders, according to a new analysis released Thursday by mortgage giant Freddie Mac
by Matt Carter Feb 21
NAR: New Fannie and Freddie mortgage fees will hit middle class
The mortgage giants' federal regulator eliminates upfront fees for first-time homebuyers of limited means, but some better-off borrowers will see increases starting May 1
by Matt Carter Jan 20
Fannie and Freddie get green light to buy $1M mortgages
The big run-up in home prices may have cooled, but the 2023 conforming loan limit will be increased by 12% to $726,200 in most parts of the country
by Matt Carter Nov 29
Billions in losses, a brutal market and more from Q3 earnings season
A slowing market is taking a toll on big real estate companies, though not every firm is suffering equally. A look back on the past 3 dramatic weeks of third-quarter wins, losses and draws
by Jim Dalrymple II Nov 14