Fannie Mae’s August mortgage origination forecast predicts lower volume in 2025 and 2026 compared with July as the government-sponsored enterprise moved its rate expectations higher. It now expects total home sales to decline year-over-year. Fannie Mae is still looking for existing home sales to rise, but not by as much previously expected. The drop off […]
Fannie Mae cuts outlook for 2025–26 home sales Read More »
Fannie Mae and Freddie Mac look like they would hold up better in a severe downturn today than their collective stress tests indicated in 2024. The tests modeled how they’d fare after absorbing losses like a total $36.1 billion provision in net chargeoffs plus foreclosed property expenses. That shows the credit losses they’d be likely
Fannie, Freddie’s stress test losses ease from 2024 Read More »
Hedge fund billionaire Bill Ackman is fueling more speculation about President Trump’s suggested Fannie Mae-Freddie Mac merger this fall, but experts debate the near-term benefits. The Pershing Square Capital Management CEO linked the concept to President Trump’s Truth Social post depicting a public offering for a single entity, citing the potential for a government-sponsored enterprise
Experts weigh Fannie-Freddie merger prospects Read More »
Fannie Mae recently updated its servicing guidelines to include new instructions for handling temporary interest-rate buydowns, which have become more popular as a way to attract borrowers. The new guidelines provide clarity for servicers on how to manage these loans. The new rules, which Fannie has asked servicers to adopt immediately, become mandatory Nov. 1.
Fannie Mae adds new temporary buydown rules for servicers Read More »
Tailwinds behind the non-qualified mortgage segment are leading to growing secondary market volumes, while loan pools are on par with recent performance levels, according to a new Morningstar DBRS report. Second-quarter non-QM volumes exceeded last year’s number, totaling over $9.8 billion of typical securitizations, the ratings agency said in a new report. On a year-over-year
Favorable tailwinds drive growth in non-QM securities Read More »
The Federal Housing Association is likely to continue to take market share away from the private mortgage insurers for the foreseeable future, a Keefe, Bruyette & Woods report said. Insurance-in-force for all forms of mortgage insurance grew by 1.3% between the first and second quarters and by 5.5% year-over-year, the report from Bose George and
FHA poised to outpace private mortgage insurers Read More »
The oversight agency for two government-sponsored enterprises sent out an image from President Trump over the weekend depicting a public offering for some of their shares near term but experts question the timing. The illustration from President Trump’s Truth Social post, like some others he’s posted around his policy initiatives, is designed to depict an
President Trump envisions November launch for mortgage IPO Read More »
Freddie Mac has expanded its program for loans on real-property factory-built homes that have features in common with traditional houses like pitched roofs, attached garages and permanent foundations. The government-sponsored enterprise said it is now buying single-section CrossMod homes loans for the first time, making it possible for borrowers to get reduced rates for housing
Why there’s renewed interest in financing factory-built homes Read More »
The Trump administration is preparing to sell shares of Fannie Mae and Freddie Mac in an offering that could start as early as this year, according to a senior administration official. The plan could value the government-controlled mortgage giants at some $500 billion or more and would involve selling between 5% and 15% of their
Fannie, Freddie $30 billion IPO being weighed for this year Read More »
In an interview with National Mortgage News, former Federal Home Loan Bank of Chicago executive Steve Thomas complained about the current lack of product development in the mortgage business. That is likely because of a reluctance among lenders to create those unique programs outside of the agency and government spectrums especially since Monday morning quarterbacks
Breaking the mold: new mortgage products emerge Read More »