Secondary Market

One of the most nagging issues in the housing industry since the recession has been the dearth of young homeowners. And the news is staying bad for now.

Freddie Mac is offering an updated Home Possible Income & Property Eligibility Tool which allows lenders to determine if a borrower meets the income requirements for a low down payment mortgage on a specific property.

Under severely adverse economic conditions applied by the Dodd-Frank Stress Tests, Fannie Mae and Freddie Mac are projected to need another taxpayer-funded bailout.

Despite a year-over-year decline in profitability, Fannie Mae's Q2 earnings report still contained several positives, among them liquidity provided to the mortgage market and credit risk transfer.

Depending on what number Freddie Mac's Q2 net income is compared to, it’s either a significant gain or a sign of further financial trouble for the GSE.

The FHFA's annual report on the progress of the GSEs' guarantee fees found that the fees are more stable due to lower credit risk on new acquisitions.

As national indicators moved further into the stable range for housing, Freddie Mac reported the most substantial gains occurred in southern markets.

Voters are widely dissatisfied with access to housing and mortgages and they believe the system is rigged against those who can't borrow money, according to a recent survey.

The mortgage servicing industry has become stronger and more efficient in a post-crisis world, according to Freddie Mac.

According to the FHFA, the GSEs intend to begin implementing the Common Securitization Platform software later this year.