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Annual Existing-Home Sales Hit Highest Mark Since 2006

Monthly sales drop 4.6% in December Key Highlights In 2021, existing-home sales totaled 6.12 million – an increase of 8.5% from the prior year and the highest annual level since 2006.At the end of December, the inventory of unsold existing homes fell to an all-time low of 910,000, which is equivalent to 1.8 months of the monthly sales pace, also an all-time low since January 1999. In December, existing-home sales on a seasonally adjusted annualized rate slowed to 6.18 million, a 4.6% dec...
Tags: Real Estate, News, Washington, America, Austin, Radio, West, Dallas, Las Vegas, Buffalo, Tampa, South, Pittsburgh, Midwest, Freddie Mac, Northeast


Mortgage Rates Rise to Highest Level Since Onset of Pandemic

Mortgage rates continued their upward trajectory for the fourth straight week, rising to their highest level since the beginning of the pandemic, according to this week’s report from Freddie Mac. According to the agency’s Primary Mortgage Market Survey® (PMMS), the 30-year fixed mortgage rate averaged 3.56% for the week ending Jan. 20, climbing another 0.7 points from a week ago. Mortgage details: 30-year fixed-rate mortgage averaged 3.56% with an average 0.7 point for the week ending January 2...
Tags: News, Radio, Treasury, Teams, National, Mortgage Rates, Agents, Latest News, Industry News, Freddie Mac, U S Treasury, Consumer, Brokers, George Ratiu, Primary Mortgage Market Survey, Freddie Mac According


Rent prices expected to increase in all US markets in 2022, according to Freddie Mac

Rent is expected to rise in every major housing market in 2022, according to Freddie Mac. One way to combat rental inflation is to lock in your housing payment by buying a home.
Tags: Finance, US, Freddie Mac, Freddie Mac One


Share of Mortgage Loans in Forbearance Decreases to 1.41% in December

The Mortgage Bankers Association’s (MBA) new monthly Loan Monitoring Survey release this week revealed that the total number of loans now in forbearance decreased by 26 basis points from 1.67% of servicers’ portfolio volume in the prior month to 1.41% as of December 31, 2021. According to MBA’s estimate, 705,000 homeowners are in forbearance plans. The share of Fannie Mae and Freddie Mac loans in forbearance decreased 8 basis points to 0.68%. Ginnie Mae loans in forbearance decreased 47 basis po...
Tags: News, Oregon, Radio, Teams, National, Agents, Latest News, Industry News, Walsh, Freddie Mac, Consumer, Fannie Mae, Mortgage Bankers Association, Ginnie Mae, Brokers, PLS


United States: New Freddie Mac Underwriting Guidelines For Condominium And Cooperative Projects - Foley & Lardner

If you own, develop, or manage condominium or cooperative projects, you need to be aware of new Freddie Mac underwriting requirements
Tags: News, United States, Foley, Freddie Mac, Lardner, New Freddie Mac


California Home Sales and Prices Ease in December, as 2021 State Housing Market Posts Best Performance in More Than a Decade

– Existing, single-family home sales totaled 429,860 in December on a seasonally adjusted annualized rate, down 5.4 percent from November and down 15.7 percent from December 2020. – December’s statewide median home price was $796,570, up 1.8 percent from November and up 11.0 percent from December 2020. – For 2021 as a whole, sales of existing statewide homes were up 7.9 percent from last year. Los Angeles, CA – Jan. 18, 2022 (PRNewswire) California home sales and prices moderated in Dec...
Tags: Real Estate, News, California, Sacramento, Los Angeles, San Francisco, Radio, United States, San Diego, Kings, Nevada, Napa, Orange, Santa Clara, Sonoma, Central Valley




Wells Fargo mortgage production fades as it closes branches

Nation's biggest provider of purchase loans made 27 percent fewer loans to homebuyers in 2021. Rocket Cos. is watching.
Tags: Radio, Mortgage, Wells Fargo, Freddie Mac, Fannie Mae, Markets & Economy, Rocket Mortgage, Mortgage Refinancing, Rocket Cos


Black Mortgage Applicants Are Denied 84% More Often Than Whites

– The gap of mortgage denial rates between Black and white applicants has widened over the past two years, limiting access to homeownership and opportunities to build wealth – Black applicants are denied a mortgage at a rate 84% higher than white applicants, an increase of 10 percentage points since 2019. – Credit history is the most commonly cited reason that Black applicants are denied a mortgage. – Black homeownership is at 44%, far below the peak of 49.7% set in 2004. Seattle, WA...
Tags: Real Estate, News, Mississippi, Radio, Arkansas, Louisiana, Seattle, Zillow, South Carolina, Black, HMDA, Freddie Mac, Fannie Mae, Real Estate News, Zillow Group, Consumer Financial Protection Bureau CFPB


Mortgage Rates Spike to Highest Level Since March 2020

Elevated inflation and the concerns over how federal officials intend to address it led to a significant surge in mortgage rates across the board, according to recent reports from Freddie Mac. According to the agency’s Primary Mortgage Market Survey® (PMMS®), the 30-year fixed mortgage rate averaged 3.45% for the week ending Jan. 13, climbing 0.7 points from a week earlier. Mortgage Details 30-year fixed-rate mortgage averaged 3.45% with an average of 0.7 point for the week—up from last week wh...
Tags: News, Radio, Treasury, Teams, National, Mortgage Rates, Agents, Latest News, Industry News, Freddie Mac, Consumer, Brokers, Homebuyers, George Ratiu, Primary Mortgage Market Survey, Freddie Mac According


U.S. Housing Agency Nominee Thompson Says Will 'Defer' to Congress on Fannie, Freddie Conservatorship

(Reuters) - President Joe Biden's nominee to run the agency overseeing Fannie Mae and Freddie Mac on Thursday said she would defer to Congress on...
Tags: Congress, Joe Biden, Reuters, Freddie Mac, Fannie Mae, Fannie Freddie Conservatorship


Freddie Mac’s AIMI Shows Favorable Multifamily Investment Environment Across All Markets in Q3

The Freddie Mac Multifamily Apartment Investment Market Index® (AIMI®) remained positive in Q3 2021 driven by net operating income (NOI) growth, bolstering the investment environment for multifamily properties, the organization has announced. Overall, the index is up by 2.6% quarterly and 3.5% annually, with every market examined posting a positive number in the third quarter for the first time since 2019. Mortgage rates, a component of the index, decreased over the quarter by 5 basis points, of...
Tags: New York, News, Minneapolis, San Francisco, Radio, National, Tampa, Latest News, Industry News, Phoenix, Jacksonville Florida, Freddie Mac, Noi, Aimi, Freddie Mac Multifamily, Steve Guggenmos


Reverse Mortgage Daily’s top 10 stories of 2021

2021 has now come and gone, and with it another atypical year for the reverse mortgage industry, the United States and the larger world. While 2020 was understandably dominated by the onset of the COVID-19 coronavirus pandemic and the business’ adjustment to it, there were also notable national events that would come to shape the reverse mortgage industry, not the least of which is the transition to a new presidential administration and the establishment of new policy priorities that comes with ...
Tags: Featured, Finance, White House, America, Joe Biden, United States, Libor, Hud, The White House, Danny Boyle, Biden, Mumbai, Donald Trump, Mam, AARP, Freddie Mac


Freddie Mac Multifamily 2022 Outlook Projects Another Strong Year for Multifamily Investment

Freddie Mac’s annual multifamily outlook estimates that overall multifamily origination volume will continue to grow in 2022 to between $475 billion and $500 billion, according to the organization. The report projects rent growth in all markets in 2022, with the Sun Belt markets expected to outperform the nation as smaller markets in the Northeast and Midwest grow at a slower rate. The economic rebound in 2021 resulted in a robust year for the multifamily market, but this growth is expected to m...
Tags: News, Radio, Teams, National, Agents, Latest News, Industry News, Midwest, Freddie Mac, Sun Belt, Brokers, 2022 Multifamily Outlook, Steve Guggenmos, Multifamily Research Modeling


Increased Buyer Urgency Expected Amid Rising Mortgage Rates

Despite various forecasts surrounding mortgage rates, the bottom line is that they are bound to tick up this year, leaving many wondering what this could mean for the housing market. “Higher mortgage rates are one reason why we will move from an incredibly hot housing market to one that’s strong, but instead of having ten bidders at every open house, you get two or three buyers that are interested,” said Michael Fratantoni, chief economist at the Mortgage Bankers Association (MBA), in a recent i...
Tags: News, Interest Rates, Housing Market, Radio, National, Mortgage, Marketwatch, Redfin, Latest News, Industry News, Fed, Homebuying, The Fed, Freddie Mac, Real Estate News, U S Labor Department


The New Year Kicks Off With Raised Mortgage Rates

The 30-year fixed-rate mortgage (FRM) averaged 3.22% for the week ending Jan. 6, 2022, according to Freddie Mac’s latest Primary Mortgage Market Survey® (PMMS®). Mortgage details: The 30-year fixed-rate mortgage averaged 3.22% with an average 0.7 point, up from last week when it averaged 3.11%. Last year, the 30-year FRM averaged 2.65%. The 15-year fixed-rate mortgage averaged 2.43% with an average 0.6 point. Last year, the 15-year FRM averaged 2.16%. The 5-year Treasury-indexed hybrid adjustab...
Tags: Real Estate, News, Interest Rates, Radio, Treasury, Teams, National, Mortgage, Lending, Financing, Agents, Latest News, Industry News, Freddie Mac, Consumer, Real Estate News


Freddie Mac Single-Family CRT Program Expects $25 Billion in 2022 Issuance Volume

Freddie Mac recently announced that its Single-Family credit risk transfer (CRT) program expects issuance volume of at least $25 billion in 2022. The issuances are expected to include primarily STACR® (Structured Agency Credit Risk) and ACIS® (Agency Credit Insurance Structure) transactions. “Freddie Mac is responding to the capital requirements established by the Enterprise Regulatory Capital Framework (ERCF) with plans to optimize our CRT offerings in 2022. We expect a record year for STACR an...
Tags: Real Estate, News, Radio, Credit, National, Latest News, Industry News, Ccf, Freddie Mac, Reynolds, Real Estate News, CRT, Mike Reynolds, Freddie Mac Single Family CRT, Agency Credit Insurance Structure, Enterprise Regulatory Capital Framework ERCF


On anniversary of all-time low, mortgage rates climb past 3.2%

Mortgage rates rose 11 basis points this week as the Federal Reserve signaled it intends to shrink its balance sheet, according to Freddie Mac’s latest lender survey.
Tags: Radio, Mortgage, Federal Reserve, Mortgage Rates, Freddie Mac, Markets & Economy, News Brief, Primary Mortgage Market Survey, Sam Khater, Banking & Lending, 30 Year Fixed-rate, 15-year Fixed Rate, Lender Survey


FHFA Raising High Balance and Second-Home Loan Fees

The Federal Housing Finance Agency (FHFA) recently announced targeted increases to Fannie Mae and Freddie Mac’s upfront fees for certain high balance loans and second home loans. High balance loans are mortgages originated in certain designated areas above the baseline conforming loan limit. The new fees will go into effect for deliveries and acquisitions beginning April 1, 2022, in order to minimize market and pipeline disruption. To ensure that the enterprises continue to provide strong suppor...
Tags: News, Mortgages, Radio, National, Loans, Lending, Financing, Latest News, Industry News, Freddie Mac, FHFA, Fannie Mae, Real Estate News, Federal Housing Finance Agency, Fannie Mae Freddie Mac, Federal Housing Finance Agency FHFA


Freddie Mac Announces Two VP of Production and Sales Hires

Freddie Mac Multifamily recently announced that Steve Lineberger and Meg McElgunn have been named vice presidents of Production & Sales. In their new roles, Lineberger will oversee the Western and Central regions and McElgunn will lead the Northeast and Southeast regions. “Steve and Meg are both exceptionally strong leaders who bring unique talents and extensive experience in the multifamily business,” said Richard Martinez, senior vice president of Multifamily Production & Sales at Freddie Mac,...
Tags: Real Estate, Leadership, News, Radio, National, Steve, Real Estate Finance, Latest News, Industry News, Meg, Freddie Mac, Richard Martinez, Real Estate News, SBL, Lineberger, Steve Lineberger


Looking Back on 2021

[Editor’s Note: We publish a Weekly Transmission for GEM members, a series of long-form articles covering the spectrum from shipping container co-living spaces to the battle for listing acquisition in the first iBuyer world war. Below, I look back on a year that saw the end of Zillow Offers, MLS transformation, exit from Katerradise, and an influx of climate capital. Plus, a variety of GEM members reflected on their 2021 predictions. Many links included are to members-only articles, so won’t be ...
Tags: Apple, Google, Facebook, Mark Zuckerberg, Featured, California, White House, Softbank, Radio, Mls, Biden, Zillow, Terry, Doj, Grant, Stephen


New White Paper Analyzes Affordable Housing in High Opportunity Areas

Freddie Mac recently released a white paper examining the availability of affordable housing for renters in  , which provide residents with access to quality education, employment, health care and transportation. The research examines local land-use rules and access to high opportunity areas as defined by state Low-Income Housing Tax Credit (LIHTC) programs using three different markets as case studies: Chicago, Illinois; Columbus, Ohio; and Fairfax County, Virginia. The research, which is part ...
Tags: Real Estate, News, Radio, National, Latest News, Industry News, Affordable Housing, Freddie Mac, COLUMBUS Ohio, Chicago Illinois, Fairfax County Virginia, White Paper, Multifamily Housing, Freddy Mac, Corey Aber, Duty to Service


Fannie and Freddie must factor in climate change risks: FHFA

Climate change seen as "an emerging and increasing threat to U.S. financial stability," according to guidance issued by the Federal Housing Finance Agency.
Tags: Climate Change, Regulations, Radio, Mortgage, Freddie Mac, Freddie, FHFA, Fannie Mae, Fannie, Sandra Thompson


The top 21 Inman stories of 2021

In a year that seemed like a reprise of 2020 — call it "2020 Light" — the past 12 months have been filled with anxiety. Take a walk down memory lane as Inman reveals its most-read stories of 2021.
Tags: Technology, Radio, Ikea, Agent, Mortgage, Compass, Zillow, Tiny Homes, Freddie Mac, Inman, Keller Williams, Fannie Mae, Markets & Economy, Brokerage, Chris Drayer, Josh Team


Mortgage Rates Moving Sideways Into 2022

The 30-year fixed-rate mortgage (FRM) averaged 3.11% for the week ending Dec. 30, 2021, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac. Mortgage details: – The 30-year fixed-rate mortgage averaged 3.11% with an average 0.7 point, up from last week when it averaged 3.05%. Last year, the 30-year FRM averaged 2.67%. – The 15-year fixed-rate mortgage averaged 2.33% with an average 0.7 point, up from last week when it averaged 2.30%. Last year, the 15-year FRM averag...
Tags: News, Interest Rates, Radio, Treasury, National, Mortgage, Lending, Mortgage Rates, Financing, Latest News, Industry News, Freddie Mac, Treasuries, Real Estate News, Danielle Hale, Sam Khater


Homeownership In U.S. Again Less Affordable In Fourth Quarter As Prices Keep Soaring

Typical Home Remains Within Means of Average Wage Earner in Fourth Quarter of 2021; But Historic Affordability Down in Three-Quarters of U.S. Markets; National Median Home Price Hits $317,500, Another New High Irvine, CA – Dec. 30, 2021 (PRNewswire) ATTOM, curator of the nation’s premier property database, today released its fourth-quarter 2021 U.S. Home Affordability Report, showing that median-priced single-family homes are less affordable in the fourth quarter compared to historical averag...
Tags: Real Estate, News, Washington, Boston, New York City, Los Angeles, San Francisco, Radio, Bureau of Labor Statistics, United States, Washington Dc, House, San Diego County, Pittsburgh, Akron, Charlotte


5 Trends That Will Move Mortgages and Housing in 2022

(TNS)—In the Amazon age, consumers are more pampered—and less patient—than ever. Tap your phone and, voilà—hot food from your favorite restaurant arrives in minutes. High-end electronics appear on your doorstep in hours. However, the mortgage industry has yet to deliver anything like that level of instant gratification. The typical time from application to consummation of a mortgage is 50 days, according to ICE Mortgage Technology, a glacial pace compared to the swiftness of most other things in...
Tags: News, Housing Market, Radio, National, Mortgage, Lending, Financing, Zillow, Kennedy, Thompson, Latest News, Industry News, Freddie Mac, Peterson, Boyle, Bankrate


FHFA Releases Statement on Climate Change

Federal Housing Finance Agency (FHFA) Acting Director Sandra L. Thompson recently released the following statement on climate change: ​​”The FHFA recognizes that climate change poses a serious threat to the U.S. housing finance system. As a member of the Financial Stability Oversight Council (FSOC), FHFA is committed to working collaboratively with other federal agencies to make tangible progress toward addressing climate change and its consequences. “FHFA’s regulated entities—Fannie Mae, Freddi...
Tags: Real Estate, News, Climate Change, Global Warming, Radio, Teams, National, Agents, Latest News, Industry News, Freddie Mac, Enterprises, FHFA, Consumer, Fannie Mae, Real Estate News


The biggest mortgage, lending and housing finance stories of 2021

The rise of Power Buying, regulatory battles, Fed tapering and big acquisitions rattled lending decisions and homebuyer game plans during a momentous year for the mortgage industry.
Tags: Technology, Climate Change, Regulations, Radio, Maxwell, Machine Learning, Aws, Mortgage, Ai, Federal Reserve, Mortgage Rates, Uwm, Amazon Web Services, Better, Enact, Freddie Mac


Freddie Mac Tackles Climate Change in New White Papers

Freddie Mac recently released a pair of white papers as part of Freddie Mac’s Duty to Serve plan, which is aimed at increasing liquidity to historically underserved markets throughout the nation. The first paper addresses multifamily resiliency efforts and identifies the importance of these measures for those disparately impacted by disasters and climate change. The second paper builds on reports from 2018, 2019 and 2020 by revealing new data on energy and water efficiency improvements in workfo...
Tags: Real Estate, News, Climate Change, Green, Radio, National, Advocacy, Latest News, Industry News, White Papers, Freddie Mac, Real Estate News, Low Income Housing Tax Credit LIHTC, Green Up, Green Advantage Program, Freddie Mac Tackles Climate Change