What real estate agents need to know about the 50-year mortgage
Extending terms to 50 years does lower monthly payments — but it also substantially increases total interest paid and slows equity growth.
Fannie Mae
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WSJ: Fannie Mae officials fired amid mortgage fraud probe
Fannie Mae’s ethics team faced dismissals after investigating FHFA Director Bill Pulte’s alleged improper access to officials’ mortgage records.
Pulte says Fannie, Freddie to remain in conservatorship with IPO plans
FHFA Director Bill Pulte said Fannie Mae and Freddie Mac will remain in conservatorship while the government plans to sell up to 5% of shares.
Mortgage industry backs LLPA changes but is divided over priorities
The mortgage industry largely supports changes to the loan-level price adjustment (LLPA) matrix but remains divided on priorities, with a full overhaul unlikely amid a potential stock offering of Fannie Mae and Freddie Mac.
Aivre launches UAD 3.6 compliant appraisal platform
UAD 3.6 calls for electronic submission of appraisals to align with the MISMO v3.6 reference model for mortgage industry data.
Debate heats up around GSEs’ potentially larger role as MBS buyers
Overall, the perception is that having new buyers of MBS would be positive for the industry, although some question whether the GSEs would be the best actors to play this role.
Real estate leaders praise federal housing action, stress first-time buyer help
NextHome co-CEO Keith Robinson and others are happy to see Washington address housing, but say more first-time homebuyers help is needed.
ALTA’s David Townsend on housing affordability and title insurance regulations
Townsend said his agenda will include efforts to expand housing access, halt right-to-list agreements and oppose title waivers.
Fannie Mae names new head of single family and acting general counsel
Fannie Mae has promoted Jake Williamson and Tom Klein to lead its single-family business and general counsel’s office, respectively.
Fannie Mae names Peter Akwaboah as acting CEO
Fannie Mae appoints Peter Akwaboah as acting CEO, marking a significant leadership change as current CEO Priscilla Almodovar departs.