The annual National Property Preservation Conference once again brought together a cross-section of field services vendors, mortgage servicing professionals, and representatives of government agencies and the GSEs to “discuss pressing issues and develop solutions.”
Read More »Low-Rate Environment to Thaw Mortgage Lock-In Effect?
Doug Duncan, Fannie Mae SVP and Chief Economist, forecasts positive things for 2024. But here’s why rates “still have a significant way to go in order to meaningfully reduce the ‘lock-in effect.’”
Read More »Rising Rates Slowed Q4 Home Price Growth
"In the current supply-constrained housing market, any changes to the fundamentals of affordability are going to affect demand, and we saw this in the fourth quarter with interest rates peaking near 8% and helping further slow home price growth," said Doug Duncan, Fannie Mae SVP and Chief Economist.
Read More »Consumers Reveal Their 2024 Mortgage Rate Expectations
The Fannie Mae Home Purchase Sentiment Index revealed consumers' optimism surrounding mortgage rates surged in December, and according to Mark Palim, VP and Deputy Chief Economist at Fannie Mae, "a more optimistic rate outlook among consumers may signal an expectation that home affordability pressures will ease in 2024."
Read More »FHFA Increases the LIHTC Cap for GSEs
Under new deal, Fannie Mae and Freddie Mac will be allowed to invest up to $1 billion annually in the Low-Income Housing Tax Credit market as equity investors.
Read More »2023’s Resilient Economy Expected to Slow Next Year
“Last week’s comments by Chairman Powell, as well as the Federal Reserve’s updated Summary of Economic Projections, suggest increased Fed confidence that a soft landing has been achieved and inflation is headed sustainably to 2%,” said Doug Duncan, Fannie Mae’s SVP and Chief Economist.
Read More »MPA Names New Principal Advisor
Thirty-year industry veteran and former Bank of America, Radian, Wells Fargo, PwC, Fannie Mae, and KPMG exec joins D.C.-based strategic advisory firm to support client-development strategies.
Read More »Home Price Growth Predicted to Remain Positive Through 2025
Here’s how much housing experts predict that national home prices will appreciate over the next two years, with larger gains being predicted for beyond 2026.
Read More »Home Sentiment Numbers Have Flatlined MoM but Increased YoY
Americans continue to have a dire view of their housing prospects, as only 14% of those surveyed reported having a positive outlook on the U.S. housing market.
Read More »Ginnie Mae Revises Its Definition of High-Balance Loans
In order to more closely align with the FHFA’s hike in conforming loan limits for 2024, Ginnie Mae has revised its definition of High-Balance Loans for single-family forward mortgage loans nationwide.
Read More »