A Fannie survey of recent homebuyers shows a growing interest in digitizing the homebuying process. That includes finding a home, getting a mortgage and filling out the closing documents.
Loose IT security controls could have made it possible for a malicious employee, or an external party with access to that employee's account, to gain full control of the FHFA network.
GSE MBS issuance declined by 3.3% on a monthly basis in July. Fannie lost a little market share to Freddie during the month. (Includes two data tables.)
High interest rates may mean lower acquisition volumes for the GSEs, but they also mean slower prepayment speeds for the mortgages in the agencies’ guarantee books of business. (Includes data table.)
Senate Democrats note that FHLBank Boston CEO Timothy Barrett received $3.1 million in compensation last year while the bank contributed just $2 million to its affordable housing program.
FHFA’s recent decision to waive loan-level price adjustments for the low-income financing programs of the GSEs means that borrowers can sometimes get lower interest rates through HomeReady and Home Possible than they can using traditional GSE financing.
Housing finance aficionados may doubt Fannie and Freddie will ever exit conservatorship, but that doesn’t stop them from telling you what that exit would look like.