ABA has joined the National Housing Conference, a nonpartisan affordable housing advocacy nonprofit with a diverse membership base that includes consumer groups, national and local housing organizations, homebuilders, banks, community development groups, individual stakeholders and others.
The share of mortgages originated by nonbanks continues to climb, accounting for 63.9% of home-purchase loans, up from 60.7% in 2020.
Lawmakers must “determine the structure of [Fannie Mae and Freddie Mac] and the secondary mortgage market for the post-conservatorship world,” the Federal Housing Finance Agency emphasized today in its annual report to Congress.
Limited inventory, supply chain disruptions, rising interest rates and more institutional investors in the market have made the homebuying process more onerous.
The cost of existing credit card debt continues to rise as the Federal Reserve has increased interest rates this year—so far, by $4.9 billion, according to a recent WalletHub survey.
Fannie Mae and Freddie Mac today released multiyear plans detailing how they will address systemic barriers faced by Black and Latino homeowners and renters, as required by the Federal Housing Finance Agency.
Fannie Mae and Freddie Mac acquired more than 360,000 loans through their affordable housing programs in 2021, according to a report released today by the Federal Housing Finance Agency, which oversees the GSEs and the Federal Home Loan Banks.
By significantly lowering the monthly payments for the borrower, more homeowners would have the ability to retain their homes after default following periods of hardship.
The Federal Housing Finance Agency today finalized additional public disclosure requirements for Fannie Mae and Freddie Mac.
NFIP is “essential” so borrowers in flood-prone areas can access mortgage collateral and insurance to protect their properties, ABA said.