The volume of loans delivered to Fannie Mae and Freddie Mac declined by 23.0% from January to February. The sequential decline seems to be a result of the 18% hike in conforming loan limits. (Includes two data charts.)
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The Federal Reserve will close on an era this week, ending its pandemic policy of net asset purchases and preparing for a runoff of agency MBS.
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The collapse of Champlain Towers South in Florida resulted in the GSEs issuing temporary guidelines tightening eligibility requirements for condo loans. Industry representatives have denounced the new rules as draconian.
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A windfall for Fannie and Freddie last year means their contributions to the Housing Trust Fund and the Capital Magnet Fund are up 3.9% for the year.
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Sharifa Anderson has been appointed to the newly created position of senior vice president for diversity and inclusion at the government-sponsored enterprise.
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Fannie economists demonstrate that mortgage expenses only account for about 30% of homeownership costs, with g-fees accounting for just a small fraction of that.
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