Posts filtered by tags: Fannie Mae[x]


 

Blend wants to speed up getting home equity loans, credit lines

Digital mortgage startup Blend announced that it will soon expand to offer customers home equity loans and lines of credit.
Tags: Technology, Radio, Blend, Industry News, Fannie Mae, Mountain America Credit Union, Markets & Economy, News Brief, Nima Ghamsari, Tim Mayopoulos, Buyers Tools, Lynn Heitman


Sallie Mae Online Bank Account Review – High Interest Rates, No Monthly Fees

Sallie Mae is no longer just for student loans–it’s for savings and loans. In our Sallie Mae Online Bank Account Review, we’ll go through all the ways you can supercharge your savings with low fees and high-interest rates. Sallie Mae Online Bank Kevin Mercadante's rating 9.1 Fees 9.5 Interest R...
Tags: Utah, Marketing, Customer Service, Banking, Bank, Freddie Mac, FDIC, Sallie Mae, Fannie Mae, Upromise, Sallie Mae Bank, SLM Corporation, Navient Corporation, Kevin Mercadante, Sallie Mae Online Bank Account Review, Sallie Mae Online Bank Kevin Mercadante


Mortgage software company Ellie Mae to be acquired for $3.7B

Ellie Mae, founded in 1997, processes 35 percent of all mortgage applications in the U.S., according to Banking Tech.
Tags: Radio, Mortgage, Acquisition, Freddie Mac, Ellie Mae, Fannie Mae, Equifax, Thoma Bravo, Markets & Economy, News Brief, Mortgage Origination


NAR wants to replace Fannie Mae and Freddie Mac

The National Association of Realtors (NAR) wants to replace Fannie Mae and Freddie Mac with a new entity that would be private, but regulated like a utility, that the organization believes would ensure the mortgage industry keeps running long-term.
Tags: Radio, Freddie Mac, NAR, Fannie Mae, National Association of Realtors NAR


Realtors® Release New Vision for Fannie Mae, Freddie Mac Reform

Washington, D.C. – February 7, 2019 (nar.realtor) With over 400 people on hand for the National Association of Realtors®’ Housing Finance Reform Policy Forum, NAR today unveiled a new vision for reforming the GSEs. As featured speakers for the panel titled “NAR’s vision: A plan for secondary finance shaped in the aftermath of adversity for longevity,” co-authors Dr. Susan Wachter, Professor of Real Estate and Finance at the University of Pennsylvania, and Dr. Richard Cooperstein, head of Risk Ma...
Tags: Real Estate, Washington, America, Radio, University of Pennsylvania, Freddie Mac, Congressional, NAR, FHFA, Grand Hyatt, Fannie Mae, National Association of Realtors, Real Estate News, The National Association of Realtors, Real Estate and Finance, Middle America


Realtors® to Again Lead Industry Talks on Fannie Mae, Freddie Mac Reform

NAR’s first annual policy forum will unveil a new comprehensive vision for GSE reform. Washington. D.C. – February 1, 2019 (nar.realtor) On February 7, dozens of industry stakeholders and hundreds of invested attendees will gather for the National Association of Realtors®’ first-annual Policy Forum at the Grand Hyatt in Washington. As Congress and the Federal Housing Finance Agency work to develop a framework for GSE reform, NAR will bring together some of the most engaged and influential fig...
Tags: Real Estate, Congress, Washington, America, Radio, University of Pennsylvania, Freddie Mac, NAR, Grand Hyatt, Fannie Mae, National Association of Realtors, Real Estate News, Company Inc, Federal Housing Finance Agency, Fannie, Real Estate and Finance


This Week: The US Slips Down A Step In Global Corruption Index

Experts, analysts and businesspeople polled by an international anti-corruption group perceive the United States as more corrupt than its been in years, Transparency International indicated in its annual global corruption index released this week. For the first time since 2011, the U.S. has fallen out of the world’s 20 best-performing countries on the group’s public sector corruption index, according to Reuters, which flagged the report. Importantly, the index measures perceptions of corrupti...
Tags: News, Washington, White House, US, Barack Obama, United States, Treasury, Bp, Epa, Volkswagen, Interior Department, The Washington Post, Gulf, Trump, Reuters, Malheur National Wildlife Refuge


Most of the Fortune 100 still use flawed software that led to the Equifax breach

Almost two years after Equifax’s massive hack, the majority of Fortune 500 companies still aren’t learning the lessons of using vulnerable software. In the last six months of 2018, two-thirds of the Fortune 500 companies downloaded a vulnerable version of Apache Struts, the same vulnerable server software that was used by hackers to steal the personal data on close to 150 million consumers, according to data shared by Sonatype, an open-source automation firm. That’s despite almost two years’ ...
Tags: Security, Energy, Tech, Hack, House, Healthcare, Computing, Credit Scoring, Computer Security, Fannie Mae, Equifax, Sonatype, Wayne Jackson, Chief Technology Officer, Tomitribe, Bryson Koehler Equifax


With Fed Pulling the Reins, Housing to Level Out

With the Federal Reserve indicating a looser policy, the housing market is on a path toward plateauing, according to analysts at Fannie Mae. Fannie Mae’s Economic and Strategic Research Group expects the Fed to hike interest rates once this year, according to its forecast for January, recently released. If so, the decision could give housing a lift, as affordability for beleaguered homebuyers improves. The economy is expected to grow 2.2 percent this year, decelerating due to the fiscal stimulus...
Tags: News, Interest Rates, Housing Market, Economy, Radio, National, Federal Reserve, Mortgage Rates, Latest News, Fed, Duncan, Freddie Mac, Fannie Mae, National Association of Realtors, Doug Duncan, Suzanne De Vita


GeoPhy grabs $33 mln Series B

GeoPhy, a Dutch AI-powered real estate valuation platform, has secured $33 million in Series B funding. Index Ventures led the round. PRESS RELEASE Delft, The Netherlands, January 24 2019 — GeoPhy, an AI-powered real estate valuation platform has raised USD $33 million from investors to boost its global expansion. Index Ventures, the London and San Francisco-based venture capital firm, led the Series B round. They were joined by existing investors Inkef Capital and Hearst Ventures. Co-founded by...
Tags: UK, London, US, San Francisco, Trends, Ceo, Hsbc, Amsterdam, Cto, Index Ventures, Index, New York London, Delft, CRE, US UK, Fannie Mae


Blend names former Fannie Mae chief executive as first president

Blend, the digital mortgage application startup, has named former Fannie Mae chief executive Timothy Mayopoulos as its new president, the company announced.
Tags: Technology, Radio, Mortgage, Palantir, Blend, Industry News, Fannie Mae, News Brief, Timothy Mayopoulos, Nima Ghamsari, Tim Mayopoulos


Government Shutdown’s Reverse Mortgage Impact, Big and Small

The partial shutdown of the United States federal government that is currently in effect has become the longest one in history, ending its 30th consecutive day on Monday and having widespread ramifications for over 800,000 federal workers and dozens of federal agencies. While direct ramifications to the production of reverse mortgage business have been minimal according to originators, the shutdown’s effects on different aspects of reverse business can still be felt, particularly when looking...
Tags: Featured, Congress, Washington, Finance, White House, Regulation, United States, New York Times, Hud, SEC, Products, Aba, U.s. Government, Freddie Mac, FHA, Urban Institute


GAO-19-239, Housing Finance: Prolonged Conservatorships of Fannie Mae and Freddie Mac Prompt Need for Reform, January 18, 2019

What GAO Found Federal support of the housing finance market remains significant even though the market has largely recovered since the 2007–2009 financial crisis. While down from the peak in...
Tags: GAO, Freddie Mac, Fannie Mae


Shutdown prompts Fannie Mae to tweak lender requirements

As the government shutdown drags on with no end in sight, Fannie Mae is tweaking its lending requirements to accommodate people who aren't currently getting paychecks and whose bosses aren't around to confirm their employment.
Tags: Radio, Mortgage, Lending, Government Shutdown, Industry News, Fannie Mae, News Brief, Banking & Lending


What the government shutdown means for your mortgage

By Holden Lewis, NerdWallet.com The partial federal government shutdown is complicating the already complicated process of getting and managing a mortgage. For one thing, the political storm is like severe weather at a major airport: You can expect minor delays or worse. And if you’re among the 800,000 federal employees going without a regular paycheck, it could mean trouble making a house payment. ICYMI: Lenders coming to aid of workers affected by government shutdown Here’s how the shutdown ...
Tags: New York City, Usda, Sport, Soccer, Va, St Louis, Irs, Wells Fargo, U S Department of Agriculture, Federal Emergency Management Agency, Freddie Mac, Coast Guard, FHA, JPMorgan Chase, Freddie, Federal Housing Administration


Housing Confidence Down as More Americans Believe It’s a Bad Time to Buy a Home

Washington, D.C. – Jan. 7, 2019 (PRNewswire) The Fannie Mae Home Purchase Sentiment Index® (HPSI) decreased in December, falling 2.7 points to 83.5, resuming its recent downward trend after November’s slight uptick. The decrease can be attributed primarily to a 12-percentage point decrease in the net share of Americans who said it is a good time to buy a home. The net share of Americans who said it is a good time to sell a home increased 1 percentage point. Respondents reporting significantly hi...
Tags: Real Estate, News, Housing, Washington, Confidence, Radio, NHS, Fannie Mae, Real Estate News, Doug Duncan, PSB, National Housing Survey, Housing Confidence, HPSI, Fannie Mae s National Housing Survey NHS, Fannie Mae Although


How to Name a Startup: The Crash Course

An important first step is creating a job description for your name. What are its most important duties? The most common decision is that a name should explain to the world what business you are in or what your product does. Intuition dictates that this will save you the time and money of explaining it, which actually turns out not to be true. Why not?The notion of describing your business in the name assumes that the name will exist at some point without contextual support, which, when you thin...
Tags: Apple, Nike, Cnbc, Name changes, Branding, Fannie Mae, Hotwire, Igor, Product Names, Company Names, DNA Brand Mechanics Brand, ABC Namebank, Better Branding Company, Apple Stingray Oracle Virgin Yahoo, Velveeta Slinky Mustang Snapple, FatBrain


Millennials will be able to buy homes soon, thanks to Boomer senescence and mortality

Fannie Mae predicts a "coming exodus of older homeowners" as Boomers die, downsize or enter retirement homes, which will dump a ton of housing stock on the market and crash prices, finally making homes affordable for millenials. But British millennials don't fare as well, because old Britons don't want to downsize, meaning they have to wait for death and/or infirmity to drive a sell-off. One missing factor here is the potential cascade effect driven by declining property prices: as we saw ...
Tags: Post, News, Housing, Britain, Economist, Resolution Foundation, Boomer, Fannie Mae, Demographics Are Destiny, Weaponized Shelter, Bubblenomics, Laura Gardiner


Petitions of the week

This week we highlight petitions pending before the Supreme Court that address, among other things, when an “offer[] to sell” under the Patent Act occurs, the scope of the review Strickland v. Washington requires to determine whether an error rendered counsel’s representation constitutionally deficient, the validity of a foreclosure sale that violated 12 U.S.C. § 4617(j)(3), and the scope of a federal court’s jurisdiction when determining whether resolution of a state-law claim would involve a c...
Tags: Supreme Court, Law, Washington, Connecticut, Freddie Mac, Strickland, LLC, Fannie Mae, Goldstein Russell, Skakel, Cases in the Pipeline, Federal Home Loan Mortgage Corp, Federal Housing Finance Authority, Renesas Electronics America Inc, Alaska Airlines Inc, Schurke


Will new mortgage regulators in D.C. keep your home safe?

What’s up with mortgage rates? Jeff Lazerson of Mortgage Grader in Laguna Niguel gives us his take. Rate news summary From Freddie Mac’s weekly survey:  Down 2 basis points from last week and, for the first time in four months, the 15-year fixed rate is under 4 percent, averaging 3.99 percent. The 30-year fixed rate improved to 4.55 percent, down 4 basis point from last week. The Mortgage Bankers Association reported an almost 10 percent drop in mortgage application volume from two weeks earlier...
Tags: Business, Obama, Housing, Washington, Senate, Sport, Soccer, Ohio, Donald Trump, Mike Pence, Freddie Mac, Fred, Calabria, FHA, Watt, LAYTON


Why mortgage brokers must give rebates to borrowers

What’s up with mortgage rates? Jeff Lazerson of Mortgage Grader in Laguna Niguel gives us his take. Rate news summary From Freddie Mac’s weekly survey: The 30-year fixed rate improved to 4.62 percent, down 1 basis point from last week. The 15-year fixed averaged 4.07 percent, unchanged from last week. And, the Fed raised its prime lending rate to 5.5 percent earlier this week. The Mortgage Bankers Association reported a 5.8 percent decrease in loan application volume from the previous week. Bott...
Tags: Business, Real Estate, California, Housing, Advice, Uncategorized, Sport, Soccer, Dodd Frank, Fed, Freddie Mac, FHA, Countrywide, Thomas Smith, Consumer Financial Protection Bureau, Freddie


Top 10 Reverse Mortgage Stories of 2018

Along with new hurdles introduced to the reverse mortgage business in 2018 – like a potentially difficult rule concerning second appraisals and the prolonged FHA approval process for condominiums – there also came new opportunities. Among these are the increasing prevalence of proprietary jumbo loans, and another rise in the HECM lending limit from the Department of Housing and Urban Development (HUD). To put a cap on RMD’s coverage for the year, we thought we’d take a look back and present the ...
Tags: News, Finance, San Diego, Hud, Zillow, Freddie Mac, FHA, FHFA, Federal Housing Administration, Fannie Mae, FAR, Department of Housing and Urban Development HUD, Fannie, MMI, HECM, Reverse Mortgage


Reverse Mortgage Lending Limit To Rise in 2019

The lending limit for federally-backed reverse mortgages is increasing for the third consecutive year in a row and is set to rise to $726,525 in 2019. The Department of Housing and Urban Development (HUD) announced on Friday via Mortgagee Letter 2018-12 a maximum claim amount of $726,525 for calendar year 2019, up from $679,650 in 2018. HUD calculates this figure at 150 percent of the conforming loan limits on mortgages to be acquired by Fannie Mae and Freddie Mac, which was announced by the Fed...
Tags: Finance, Hud, Freddie Mac, Steve Irwin, Virgin Islands, Fannie Mae, Department of Housing and Urban Development HUD, HECM, Mortgagee Letter, John Lunde, Alaska Hawaii Guam, Federal Housing Finance Agency FHFA, Elizabeth Ecker, HUD HUD


[Updated] Reverse Mortgage Lending Limit To Rise in 2019

The lending limit for federally-backed reverse mortgages is increasing for the third consecutive year in a row and is set to rise to $726,525 in 2019. The Department of Housing and Urban Development (HUD) announced on Friday via Mortgagee Letter 2018-12 a maximum claim amount of $726,525 for calendar year 2019, up from $679,650 in 2018. HUD calculates this figure at 150 percent of the conforming loan limits on mortgages to be acquired by Fannie Mae and Freddie Mac, which was announced by the Fed...
Tags: Finance, Hud, Freddie Mac, Steve Irwin, Virgin Islands, Fannie Mae, Department of Housing and Urban Development HUD, HECM, Mortgagee Letter, John Lunde, Alaska Hawaii Guam, Federal Housing Finance Agency FHFA, Elizabeth Ecker, HUD HUD


Interest Rate Movement Could Skew Positive for Reverse Mortgage Market

After a rocky 2018, reverse mortgage prospects may be getting a bit brighter for borrowers and lenders as the year comes to a close. As the market approaches its final days of 2018, originators and borrowers could stand to benefit from the current interest rate environment, according to Understanding Reverse author and Live Well Financial vice president of education and organizational development Dan Hultquist. “The good news is that long-term rates are dropping,” Hultquist told RMD in an interv...
Tags: News, Finance, FHA, Fannie Mae, Reverse Mortgage, Live Well Financial, Dan Hultquist, Hultquist


FHFA Increases Conforming Loan Limits for Fannie, Freddie in 2019

The Federal Housing Finance Agency announced on Tuesday that it would be increasing the conforming loan limits on mortgages to be acquired by Fannie Mae and Freddie Mac for the third consecutive year. In most of the United States, the maximum conforming loan limit for one-unit properties in 2019 will be $484,350, an increase from the 2018 figure of $453,100. For areas that generally feature higher-than-average home values, defined as places where median home values exceed 115% of the baseline...
Tags: News, Finance, United States, Freddie Mac, FHA, Hera, FHFA, Fannie Mae, Department of Housing and Urban Development, Federal Housing Finance Agency, Fannie, Federal Housing Administration FHA, Reverse Mortgage, HPI


2018 Growth Forecast Upped Slightly, but Strong Labor Market not Enough to Boost Housing

Washington, D.C. – Nov. 20, 2018 (PRNewswire) The Fannie Mae Economic and Strategic Research Group forecasts full-year 2018 economic growth of 3.1 percent, one-tenth higher than last month’s forecast. Third quarter economic growth came in at a 3.5 percent annualized rate, slowing from 4.2 percent in the second quarter. Solid third quarter growth was backed by an impressive labor market, an acceleration in both consumer and government spending, and a build-up in private inventories, despite a wid...
Tags: Real Estate, News, Washington, Housing Market, Radio, Market, Growth, Duncan, Fannie Mae, Real Estate News, Fannie, Doug Duncan, Fannie Mae s Economic Strategic Research Group, Fannie Mae s Economic Strategic Research ESR Group, ESR Group, Labor Market


Disaster-Affected Homeowners Receive Expanded Support from Fannie Mae

Washington, D.C. – Nov. 15, 2018 (PRNewswire) Fannie Mae (OTC Bulletin Board: FNMA) today announced the launch of a supplement to the post-disaster mortgage relief options the company currently offers. Fannie Mae’s Disaster Response Network™ is a comprehensive case-management service for disaster-affected homeowners whose mortgage loans are backed by the company. The program provides homeowners broader personalized support to address safety and basic needs, property repairs, employment, and fina...
Tags: Real Estate, Washington, Disaster, Radio, United States, Fema, Hud, Fannie Mae, Small Business Administration SBA, Real Estate News, ClearPoint Credit Counseling Solutions, Fannie Mae OTC Bulletin Board, Michael T Hernandez


Wildfire victims get extra time for mortgage payments 

What’s up with mortgage rates? Jeff Lazerson of Mortgage Grader in Laguna Niguel gives us his take. Rate news summary From Freddie Mac’s weekly survey:  The 30-year fixed rate remains unchanged from last week’s average rate of 4.94 percent. The 15-year fixed increased 3 basis points, averaging 4.36 percent. The Mortgage Bankers Association reported a 4 percent decrease in loan application volume from the previous week. Bottom line: Assuming a borrower gets the average 30-year fixed rate on a con...
Tags: Business, Real Estate, Abc, Housing, Sport, Soccer, Wildfires, Va, Mortgage, Wells Fargo, Citi, Federal Emergency Management Agency, Freddie Mac, FHA, Dave Jones, Wells


WaPo: Qualifying for a Mortgage Difficult in Retirement

Even for seniors with impeccable credit scores and plenty stored in assets, purchasing or refinancing a home in retirement without regular employment income can be a challenge, a recent column in the Washington Post says. In his column “Even retirees with sizable assets can find qualifying for a mortgage challenging,” Kenneth Harney writes that retired borrowers can be taken by surprise when they are faced with denials or delays when loan officers do not know how to handle their financial situat...
Tags: News, Washington Post, Retirement, Finance, Freddie Mac, Fannie Mae, Reverse Mortgage, Kenneth Harney