Housing Wire

AUGUST 23, 2024

The Federal Housing Finance Agency (FHFA) this week published a final rule in the Federal Register that outlines housing goals for the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac and seeks to establish yearly standards to meet the goals.

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Appraisal Buzz

JUNE 11, 2024

The Federal Housing Finance Agency (FHFA) is seeking public feedback on the proposed 2025-2027 Underserved Markets Plans submitted by Fannie Mae and Freddie Mac under the Duty to Serve (DTS) program. The proposed Plans cover the period from January 1, 2025, to December 31, 2027.

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Appraisal Buzz

NOVEMBER 25, 2024

Fannie Mae and Freddie Mac have published their three-year plans for improving housing opportunities in underserved markets and communities, the Federal Housing Finance Agency (FHFA), regulator of the GSEs, has announced. This includes offering support for manufactured housing and addressing liquidity needs for first-time homebuyers.

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Housing Wire

JUNE 12, 2024

The Federal Housing Finance Agency (FHFA) this week issued a public request for information for plans submitted by government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac under the Duty to Serve (DTS) program that aims to serve underserved markets from 2025 through 2027. As the U.S.

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Housing Wire

JUNE 11, 2024

Between now and the end of 2027, I think most market participants expect conditions to improve.” The new notes are guaranteed by, among other things, $60 million in nonagency mortgage servicing rights (MSR) and a securities account holding of $100.6 due in 2025 for newly senior secured notes due on Nov.

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Housing Wire

JANUARY 24, 2024

New Jersey-based TD Bank has decided to invest $10 billion in affordable homeownership initiatives by 2027, including providing loans and liquidity to the residential lending market. In the mortgage space, TD Bank was a top-35 U.S. billion in loans, down 25% year over year, according to Inside Mortgage Finance estimates.

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Housing Wire

APRIL 26, 2022

A rising player in the world of crypto-mortgages and blockchain-enabled financing, LoanSnap, plans expand its reach in the market by opening its lending platform to licensed mortgage brokers across the country in the near future. It’s an open platform. We’re not huge, but we’re not small either.”.

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Mortgage Technology Investing Investors 476

Housing Wire

FEBRUARY 7, 2024

The Underserved Mortgage Markets Coalition (UMMC), a coalition of 32 housing groups initially convened by the Lincoln Institute of Land Policy , published a report on Wednesday that recommended actions for the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. mortgage finance system. mortgage finance system.

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Housing Wire

SEPTEMBER 17, 2024

Industry-leading reverse mortgage lender Finance of America (FOA) on Tuesday announced updates and new details for a previously announced exchange offer , which would swap current investor bonds due in 2025 with new bonds due one to four years later. In late July, FOA also posted an infomercial featuring Selleck to its YouTube channel.

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Finance Investors Business Mortgage 432

Housing Wire

NOVEMBER 5, 2024

Credit rating agency Fitch announced this week that its long-term issuer default rating for Finance of America was downgraded to “restricted default” status following its recently publicized debt exchange plan. An FOA spokesperson told HousingWire ’s Reverse Mortgage Daily (RMD) that it anticipated these actions from Fitch.

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Housing Wire

MARCH 14, 2024

California mortgage tech firm Blend Labs narrowed its loss in 2023 by expanding its consumer banking footprint and growing its mortgage consumer base. And it added two new top 100 financial institutions by retail customer base to grow its mortgage customer base. million in 2023, down from a non-GAAP net loss of $182.2

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Retail Mortgage Business Finance 448

Appraisal Buzz

JUNE 11, 2024

The Federal Housing Finance Agency (FHFA) has issued a Request for Input (RFI) on the proposed 2025-2027 Underserved Markets Plans submitted by Fannie Mae and Freddie Mac (the GSEs) under the Duty to Serve (DTS) program. The proposed Plans cover the period from January 1, 2025, to December 31, 2027.

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Finance Real Property Design Lending 390

Housing Wire

JULY 10, 2024

Credit rating agency Fitch announced this week that its long-term issuer default rating (IDR) for Finance of America , the reverse mortgage industry’s leading lender, has been downgraded from “CCC+” to “C” following the announcement of a debt restructuring plan that staves off maturity risk beyond 2025.

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Finance Mortgage Design Marketing 448

Housing Wire

JULY 3, 2024

The New York Stock Exchange (NYSE) on Wednesday announced that the warrants of Finance of America , traded under the ticker symbol “FOA.WS,” will be delisted from the exchange. The class A common shares traded under the “FOA” ticker symbol, however, will continue to be traded.

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Retail Finance Design Mortgage 345

Appraisal Buzz

AUGUST 22, 2024

The Federal Housing Finance Agency (FHFA) has issued a proposed rule that would establish the housing goals for 2025-2027 that Fannie Mae and Freddie Mac (the GSEs) would be required to meet on an annual basis. FHFA is requesting comments on all aspects of the proposed rule during the 60-day public comment period.

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Finance Mortgage Housing Market Marketing 221

Houston Properties

MARCH 23, 2022

Fixed-rate mortgages are paid back in “cheaper dollars”. Benefit #2: Fixed Rate Mortgages Paid Back in “Cheaper Dollars”. 2027 (5 years). Benefit #2: Fixed Rate Mortgages Paid Back in “Cheaper Dollars”. Anyone with large, fixed-rate debts like mortgages benefit from higher inflation. Inflation Explained.

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Will Springer Realtor

MAY 9, 2023

Almost since the start of the pandemic, homeowners have been spending more time enjoying their low-financed houses and condos. Information from the National Mortgage Database shows 83% of all mortgage holders enjoy an interest rate below 5% when today’s average rate is about 6.5%. Owners are investing about $475B ( yes, billion!

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Housing Wire

JUNE 24, 2024

The announcement comes as high mortgage rates and a lack of supply have created affordability challenges. ” The Treasury is allocating $100 million by 2027 to finance affordable housing in a new program administered by the Community Development Financial Institutions (CDFI) Fund. The Biden administration, through the U.S.

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Housing Wire

NOVEMBER 25, 2024

The Federal Housing Finance Agency (FHFA) on Monday unveiled its three-year plan for the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac to improve housing opportunities in underserved areas. The DTS plans aim to address a lack of liquidity across manufactured housing, affordable housing preservation and rural housing.

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Housing Wire

DECEMBER 20, 2024

The Federal Housing Finance Agency (FHFA) this week announced a new final rule establishing affordable housing goals for the loan purchases of government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac from 2025 through 2027. The goals, originally proposed in August , are largely unchanged from the initial draft.

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Housing Wire

OCTOBER 29, 2024

Industry-leading reverse mortgage lender Finance of America (FOA) announced this week that nearly all of the holders of outstanding senior notes that were set to mature in 2025 will participate in a new bond exchange offer that was first announced in June and amended last month.

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Finance Mortgage Business Marketing 475

Housing Wire

OCTOBER 25, 2024

Clients who wish to use ICE Mortgage Technology ‘s legacy Software Development Kit (SDK) technology on Encompass will be afforded a six-month grace period from the original Oct. The revised timeline calls for a full sunsetting by April 30, 2027. 31, 2025, transition deadline to the API-based platform before being charged.

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Architecture Modernization Technology Clients 459

Appraisal Buzz

JANUARY 2, 2025

The Federal Housing Finance Agency (FHFA) released a final rule that updates the procedure for requiring an action plan in the event that an Enterprise fails to meet specific goals and sets new affordable housing targets for the loan purchases of Fannie Mae and Freddie Mac (the Enterprises) over the next three years.

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Finance Law Marketing Mortgage 379

Appraisal Buzz

NOVEMBER 25, 2024

Fannie Mae and Freddie Mac have announced they will extend housing access in rural underserved markets, enhance their support for manufactured housing, and continue to address liquidity needs for first-time homebuyers, among a host of activities outlined in plans published by the Federal Housing Finance Agency (FHFA). Thompson. “It

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Housing Wire

JANUARY 7, 2025

As a 10-year veteran of Freddie Mac, he is well positioned to assume the CFO role and maintain the strength and continuity of our Finance functions. Jim is a proven leader with more than 30 years of financial management and accounting experience. and was an executive vice president and CFO at GMAC ResCap Inc.

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Housing Wire

DECEMBER 6, 2024

Near the end of the first Trump Administration, the Federal Housing Finance Agency (FHFA) finalized a capital rule for Fannie Mae and Freddie Mac. a September CHLA Roundtable, former FHFA Director Mark Calabria said that there is maybe a 70% chance this will be accomplished by 2027, adding that You can get them out.

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Insurance Mortgage Government Lending 542

Housing Wire

JANUARY 3, 2025

Treasury and the Federal Housing Finance Agency (FHFA) announced an agreement to amend the Preferred Stock Purchase Agreements (PSPAs) with Fannie Mae and Freddie Mac. This includes the critical move that Congress establishes an explicit federal backstop for mortgage-backed securities , Broeksmit said in the statement.

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Government Housing Market Design Marketing 516

Housing Wire

NOVEMBER 22, 2024

As an owner of a mortgage company and a 20-year housing veteran, I can tell you there is no shortage of people who want to buy just as there is no shortage of builders who want to build. Currently, there is very little “yield” on mortgage rates. The United States prime mortgage offerings have no prepayment penalty to the consumer.

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Marketing Investors Investing Housing Market 468

Housing Wire

SEPTEMBER 17, 2024

That’s according to Mark Calabria , the former head of the Federal Housing Finance Agency (FHFA) under Trump. “But by [2027] I would say there’s maybe 70% chance. As for the mechanics of removing the government-sponsored enterprises (GSEs) from conservatorship, Calabria said it would take several years to pull off.

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Housing Wire

JANUARY 9, 2025

Last week, the Treasury and the Federal Housing Finance Agency (FHFA) announced amendments to the Preferred Stock Purchase Agreements (PSPAs) with Fannie Mae and Freddie Mac, a key step in the potential privatization of the agencies. Phillips is Freddie Macs second executive change this week.

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Housing Wire

NOVEMBER 6, 2024

In the mortgage space, high interest rates and surging home prices drove affordability to historic low levels, and the industry regularly chafed against the administration’s regulatory zeal. Trump’s victory has already impacted the mortgage sector – though indirectly. Mortgage rates are expected to follow.

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Mortgage Government Retail Finance 435

Housing Wire

AUGUST 1, 2024

Overall, they believe that Donald Trump and Kamala Harris — the presumptive nominee after President Joe Biden dropped out of the race — have the same correct diagnosis of the main issues affecting today’s housing market: high mortgage rates and a low supply of listings.

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