According to a new survey commissioned by Freddie Mac, a significant majority of the multifamily industry believes the rental housing market will continue to grow, fueled by increasing demand and a growing population. At the same time, however, a plurality [Read More]
Freddie Mac says it is making available pricing and deal terms for all Agency Credit Insurance Structure (ACIS) and Whole Loan Securities (WLS) transactions to date, building on similar disclosures for its Structured Agency Credit Risk (STACR) program. ACIS and [Read More]
Fannie Mae and Freddie Mac have issued reminders to its mortgage servicers that concern borrowers in the Gulf Coast area whose homes may have been affected by Hurricane Harvey, noting that various types of forbearance can or should be extended [Read More]
Freddie Mac says the 30-year fixed-rate mortgage (FRM) averaged 3.86% with an average 0.5 point for the week ending Aug. 24, 2017, which is the lowest rate since Nov. 10, 2016. A year ago at this time, the 30-year FRM [Read More]
Freddie Mac says it is now offering its automated collateral evaluation (ACE) service to consumers who are buying homes or refinancing existing mortgage loans. The ACE process assesses the need for a traditional appraisal by leveraging proprietary models and using [Read More]
Freddie Mac has completed its third Seasoned Credit Risk Transfer (SCRT) offering – a rated securitization of approximately $2.47 billion of both guaranteed senior and unguaranteed subordinate securities. The SCRT securitization program is a part of Freddie Mac’s seasoned loan [Read More]
Black Knight Financial Services Inc. has announced that its LoanSphere Empower loan origination system (LOS) has been verified by government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac to generate Uniform Closing Dataset (UCD) files. The company says Empower is a [Read More]
The 30-year, fixed-rate mortgage (FRM) made its largest week-over-week leap since March, according to Freddie Mac’s Primary Mortgage Market Survey. The 30-year FRM averaged 3.96%, with an average 0.6 point for the week ending July 6 – up from last [Read More]
DocMagic Inc., a provider of document production, automated compliance and e-mortgage services, says its technologies are now capable of supporting both phases of the upcoming Uniform Closing Dataset (UCD) requirement. The company’s technology solutions, which have been certified by Fannie [Read More]
Visionet Systems, a provider of technology solutions and business process outsourcing services for the mortgage industry, has become a verified technology integration vendor for Freddie Mac’s Loan Closing Advisor platform. Visionet’s CD2UCD solution was tested to ensure that its interface [Read More]
According to Freddie Mac’s latest Primary Mortgage Market Survey, the 30-year fixed mortgage rate has dropped for the fourth consecutive week and has hit its lowest level in nearly seven months. The survey findings include the following: The 30-year, fixed-rate [Read More]
Proposals to replace Fannie Mae and Freddie Mac with new firms will falter unless Congress okays a federal line of credit.
With the Trump administration in the White House and a Republican-controlled Congress, it could be argued that the time has never been so ripe for GSE reform to finally happen.
A federal appeals court on Tuesday issued a ruling that will prevent investors in government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac from fully recouping on their investments. Investors from Perry Capital and others allege that they were illegally duped [Read More]
The Mortgage Bankers Association and others weigh in on what might happen with Fannie Mae and Freddie Mac.
Mortgage rates rose for the first time in 2017 during the week ended Jan. 26, with the average rate for a 30-year, fixed-rate mortgage (FRM) at 4.19% compared with 4.09% the previous week, according to Freddie Mac’s Primary Mortgage Market Survey. [Read More]
Mortgage interest rates increased this week, with the average rate for a 30-year, fixed-rate mortgage (FRM) hitting 3.57%, up from 3.54%, according to Freddie Mac’s Primary Mortgage Market Survey. A year ago at this time, the 30-year FRM averaged 3.98%. During [Read More]
Mortgage rates remained largely unchanged near their low mark for 2016 during the week ending April 21, according to Freddie Mac’s Primary Mortgage Market Survey. The average rate for a 30-year, fixed-rate mortgage (FRM) was 3.59%, up only slightly from [Read More]
Mortgage rates shifted lower for the first time in four weeks during the week ending March 24, with the average 30-year fixed-rate mortgage (FRM) averaging 3.71%, down from the prior week’s 3.73%, according to Freddie Mac’s latest Primary Mortgage Market [Read More]