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The latest mortgage news, from the most reliable sources, all in one place.
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Sun, 17 Dec 2017 16:07:25 GMT |
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Sun, 17 Dec 2017 16:07:26 GMT |
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Big Changes at Fannie/Freddie, Is Conservatorship Nearing an End? |
Posted To: MND NewsWire MarketWatch is reporting that Federal Housing Finance Agency (FHFA) along with Treasury and other parts of the administration are about to reveal a plan to end the 10-year plus conservatorship of the two GSEs Fannie Mae and Freddie Mac. Joseph Otting, who is keeping the FHFA director's seat warm until former director Melvin Watt's replacement is confirmed, is said to have told a full FHFA staff meeting on Thursday that there should be a blueprint announced in about a week. An FHFA spokesperson confirmed that a plan was at the meeting discussed but said there were no details or timelines proposed. MarketWatch quoted the spokesperson as saying, "Acting Director Otting held the internal meeting to meet FHFA staff and establish open lines of communication. He mentioned, as he previously has, that...(read more) |
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Rising Inventories Tempering Prices, Existing Home Sales Resume Slide |
Posted To: MND NewsWire Existing home sales finished up the year on a decidedly sour note. After putting together consecutive increase in October and November and ending a six-month losing streak, the National Association of Realtors® reports sales plummeted 6.4 percent in December. Sales of previously owned single-family houses, townhouses, condos and cooperative apartments were at a seasonally adjusted annual rate of 4.99 million compared to 5.32 million in November. Existing home sales, which were already at a 7-1/2 year low in November and down 7.0 percent from a year earlier are now 10.3 percent lower than from the 5.56 percent pace last December. Single-family home sales were at a seasonally adjusted annual rate of 4.45 million, compared to 4.71 million in November, and 10.1 percent below the 4.95 million...(read more) |
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Fannie/Freddie Changes Run the Gamut, Including Shutdown Underwriting Shift |
Posted To: MND NewsWire “Some people are so poor, all they have is money.” How about “26 of the World’s Richest Own the Same Wealth as Poorest Half” in the world!? To the best of my knowledge the PUGS (partial U.S. government shutdown) is not helping anyone’s wealth and is impacting U.S. citizens. Freddie and Fannie released policy and procedure updates caused by the shutdown – more below. Lender Products and Services What’s the mortgage version of “having your cake and eating it too”? Well, thanks to United Wholesale Mortgage, it means having access to superb service, technology, partnership tools…AND price! UWM has dropped its rates across the board for conventional, government and jumbo products. It gives the nation’s No. 1 wholesale lender...(read more) |
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