Tag Archives: Fannie Mae

Housing Shortage Continues

The Mortgage Corner It was very good news that new-home sales rose nearly 3 percent in May to a 610,000 annualized rate. The report, always volatile, included a big upward revision to April which however, at 593,000, is still the … Continue reading

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Why Is Mortgage Lending Still Restricted?

The Mortgage Corner We can thank the Great Recession for most of it. Banks have become much more conservative, and builders are building approximately 50 percent fewer residences vs. the 2 million housing units at the height of the housing … Continue reading

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Higher New Home Sales, Mortgage Lending

The Mortgage Corner We wrote last week about unusually restrictive mortgage standards for conforming stalwarts Fannie Mae and Freddie Mac that are still wards of the US Treasury. Now we’ve learned that they are still doing almost record loan volumes. … Continue reading

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Housing Construction Boosted By Low Rates

The Mortgage Corner Housing starts returned to trend, reports the National Association of Home Builders, dropping 2.6 percent to a seasonally adjusted annual rate of 1.246 million units, according to newly released data from the U.S. Department of Housing and … Continue reading

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Conforming Mortgage Limits Rise for 2017

Financial FAQs The Federal Housing Finance Authority, or FHFA, just announced it is increasing the limit for conforming mortgages from $417,000 to $424,100 in most regions of the United States starting Jan. 1, 2017—the first such increase since 2006. The … Continue reading

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Conforming Mortgage Limits Rise for 2017

Financial FAQs The Federal Housing Finance Authority, or FHFA, just announced it is increasing the limit for conforming mortgages from $417,000 to $424,100 in most regions of the United States starting Jan. 1, 2017—the first such increase since 2006. This … Continue reading

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Why Isn’t It Easier to Qualify For A Mortgage?

The Mortgage Corner It’s not getting any easier to obtain a mortgage. This is in spite of record low mortgage rates, as low as 3.0 percent for 30-year conforming fixed rates; as well as the appearance of so-called Alt-A, non-QM … Continue reading

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