Actually, evidence shows the deduction already disproportionately benefits the highest-income homeowners while doing little to promote homeownership for middle- and low-income taxpayers.
The two most powerful entities in the housing market — Fannie Mae and Freddie Mac — could be on the verge of a...
“There is no big bang solution, we continue to democratize our solutions across the market,” he added. “It’s now...
For mortgage tech service providers, working with Fannie Mae is a #1 priority; see the first sentence of this blog if any of you question why.
The group cited improved consumer spending, business investments, and residential investments as the main factors for...
Even with lower-than-projected growth for the first half of 2017, and an uncertain political climate, Fannie Mae’s Economic & Strategic Research Group still feels that the U.S. economy is poised to grow roughly 2% by the end of the year.
Fannie and Freddie face a year-end deadline to decide whether they’ll allow FICO rivals, such as VantageScore Solutions...
At stake, proponents say, is credit access for as many as 35 million consumers whom FICO doesn’t evaluate, especially blacks and Hispanics with scant borrowing histories.
“We are not interested in eliminating appraisals, but we should be exploring options electronically,” he said. “...
Access to smartphones is redefining consumer expectations and getting a mortgage is a “wildly different” experience for homebuyers when compared to other online transactions.
But as 2018 draws nearer and capital shrinks, the enterprises’ regulator has grown more concerned about what could...
When mortgage finance companies Fannie Mae and Freddie Mac reported their second-quarter earnings this week, analysts were less interested in the companies’ bottom lines than in what might be called their forward guidance.
As it turns out, Freddie is indeed cutting its benchmark rate to the same level as Fannie, but Freddie just took a...
Last week, Fannie Mae announced it was cutting its benchmark interest rate for standard mortgage modifications for the second time this year, but Freddie Mac didn’t lower its rate, or so it appeared.
The proposal by Tennessee Republican Bob Corker and Virginia Democrat Mark Warner would attempt to foster competition...
Two U.S. senators working on a bipartisan overhaul of Fannie Mae and Freddie Mac are seriously considering a plan that would break up the mortgage-finance giants, according to people with knowledge of the matter.