Fannie Mae & Freddie Mac In the News

Latest Real Estate News

Statistics are showing more buyer confidence. A January 2014 Housing Survey revealed:

  • 52% of respondents thought it would be easy for them to get a home mortgage today
  • 70% of respondents said they would buy if they were going to move

In other news today …

English: An example of a real estate owned pro...
English: An example of a real estate owned property in San Diego, California. (Photo credit: Wikipedia)


New Report Critical Of Fannie Mae And Freddie Mac Fee Collection

A report released Wednesday by the Federal Housing Finance Agency (FHFA) was critical of Fannie Mae and Freddie Mac’s collection of late fees. The report criticized the two for poor management of late fee collection, noting large sums of money either not being consistently collected or collected at all. »READ MORE

Bank Of America To Cut More Mortgage Jobs

Bank of America, the second-largest U.S. lender, is cutting 450 mortgage jobs from its West Coast Offices. The lending giant is reducing staff after new loans fell short of internal forecasts. In a report by Bloomberg, affected employees were told yesterday that workers involved in processing home loans would be let go. »READ MORE

Housing Inventory Continues Fall In January

January marks another decline in home inventory, according to a report issued by Redfin. With the caveat that “it is too soon to tell,” the brokerage did offer some optimism regarding inventory in coming months, revealing “Redfin agents report that most of their home selling clients are planning to list between March and May.” »READ MORE

Fannie Mae Increases Incentives To Purchase REO Properties

Fannie Mae announced Thursday that homebuyers can now receive up to 3.5 percent in closing cost assistance. The help is available within the FirstLook period of Fannie Mae’s HomePath properties in 27 states. The incentive will offer qualified buyers up to 3.5 percent of the final sales price to pay closing costs. »READ MORE





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