Fannie Sees Positive Signs for Housing

Fannie Sees Positive Signs for Housing

Written By: Joel Palmer, Op-Ed Writer

Leading housing indicators suggest a busy upcoming season for mortgage processors and underwriters, according to the latest outlook from Fannie Mae, despite what the GSE called a lackluster first quarter.


Opinion-Editorial (Op-Ed) Disclaimer For NAMP® Library Articles: The views and opinions expressed in the NAMP® Library articles are those of the authors and do not necessarily reflect any official NAMP® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMP®. Nothing contained in this article should be considered legal advice.

Freddie Mac announces new mortgage program for first-time buyers

Freddie Mac announces new mortgage program for first-time buyers

Written By: Joel Palmer, Op-Ed Writer

Freddie Mac recently announced an initiative that continues an industry trend toward making mortgage loans more accessible. Freddie will launch its new HomeOne mortgage on July 29. HomeOne is a conventional 3 percent downpayment mortgage for qualified first-time homebuyers.


Opinion-Editorial (Op-Ed) Disclaimer For NAMP® Library Articles: The views and opinions expressed in the NAMP® Library articles are those of the authors and do not necessarily reflect any official NAMP® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMP®. Nothing contained in this article should be considered legal advice.

Fannie Mae’s Economic Outlook Remains Firm, but Warn of the Risk of Trade War

Fannie Mae’s Economic Outlook Remains Firm, but Warn of the Risk of Trade War

Written By: Joel Palmer, Op-Ed Writer

First-quarter economic growth was slower than anticipated, yet the outlook for the rest of the year remains strong. Economic fundamentals remain strong, yet “downside risks are rising.”


Opinion-Editorial (Op-Ed) Disclaimer For NAMP® Library Articles: The views and opinions expressed in the NAMP® Library articles are those of the authors and do not necessarily reflect any official NAMP® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMP®. Nothing contained in this article should be considered legal advice.

Fannie provides lenders more flexibility to provide closing cost assistance to borrowers

Fannie provides lenders more flexibility to provide closing cost assistance to borrowers

Written By: Joel Palmer, Op-Ed Writer

In a move that could help mortgage processors and underwriters assist more first-time homebuyers, Fannie Mae is allowing lenders to fund closing cost and prepaid fees.


Opinion-Editorial (Op-Ed) Disclaimer For NAMP® Library Articles: The views and opinions expressed in the NAMP® Library articles are those of the authors and do not necessarily reflect any official NAMP® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMP®. Nothing contained in this article should be considered legal advice.

Latest Fannie DU version limits risk layering

Latest Fannie DU version limits risk layering

Written By: Joel Palmer, Op-Ed Writer

Less than a year after enabling higher debt-to-income (DTI) ratios for certain mortgage borrowers, Fannie Mae is adjusting its underwriting standards to address the risk associated with many of these loans.


Opinion-Editorial (Op-Ed) Disclaimer For NAMP® Library Articles: The views and opinions expressed in the NAMP® Library articles are those of the authors and do not necessarily reflect any official NAMP® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMP®. Nothing contained in this article should be considered legal advice.

Two major mortgage bills move forward in Congress

Two major mortgage bills move forward in Congress

Written By: Joel Palmer, Op-Ed Writer

More than a year into the Trump presidency, a rollback of Obama era mortgage lending regulations is gaining momentum. With encouragement from the mortgage and financial services industries, many in Congress are hoping to reduce the impact of regulations meant to combat conditions that lead to the 2008 financial crisis.


Opinion-Editorial (Op-Ed) Disclaimer For NAMP® Library Articles: The views and opinions expressed in the NAMP® Library articles are those of the authors and do not necessarily reflect any official NAMP® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMP®. Nothing contained in this article should be considered legal advice.

GSEs report 2017 financial results

GSEs report 2017 financial results

Written By: Joel Palmer, Op-Ed Writer

Freddie Mac and Fannie Mae recently released their 2017 full-year and fourth quarter financial results. Here are some of the highlights: The recently passed Tax Cuts and Jobs Act led to a sizable fourth-quarter net loss for both GSEs.


Opinion-Editorial (Op-Ed) Disclaimer For NAMP® Library Articles: The views and opinions expressed in the NAMP® Library articles are those of the authors and do not necessarily reflect any official NAMP® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMP®. Nothing contained in this article should be considered legal advice.

Will GSE reform finally get done in 2018?

Will GSE reform finally get done in 2018?

Written By: Joel Palmer, Op-Ed Writer

Things are heating up in the world of GSE reform. From Congress, to the Federal Housing Finance Agency, to groups representing lenders and consumers, measures are being pushed and debated in hopes of ending federal government control of Fannie Mae and Freddie Mac. 


Opinion-Editorial (Op-Ed) Disclaimer For NAMP® Library Articles: The views and opinions expressed in the NAMP® Library articles are those of the authors and do not necessarily reflect any official NAMP® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMP®. Nothing contained in this article should be considered legal advice.

HUD announces review of manufactured housing rules

HUD announces review of manufactured housing rules

Written By: Joel Palmer, Op-Ed Writer

Multiple efforts are underway that could make it easier to purchase and finance manufactured housing. Last week, the U.S. Department of Housing and Urban Development (HUD) announced a “top-to-bottom review” of rules governing manufactured housing.


Opinion-Editorial (Op-Ed) Disclaimer For NAMP® Library Articles: The views and opinions expressed in the NAMP® Library articles are those of the authors and do not necessarily reflect any official NAMP® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMP®. Nothing contained in this article should be considered legal advice.

FHFA requests input on credit score usage

FHFA requests input on credit score usage

Written By: Joel Palmer, Op-Ed Writer

Mortgage processors, mortgage underwriters and other industry stakeholders have another month to submit input to the Federal Housing Finance Agency (FHFA) regarding potential changes to Fannie Mae and Freddie Mac’s credit score requirements.


Opinion-Editorial (Op-Ed) Disclaimer For NAMP® Library Articles: The views and opinions expressed in the NAMP® Library articles are those of the authors and do not necessarily reflect any official NAMP® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMP®. Nothing contained in this article should be considered legal advice.