Tag Archives: Fannie Mae

Home builder confidence stalls in September

There is certainly plenty of pent-up demand, especially among younger, first-time home buyers, but many of them are still struggling in today’s job market, either unable to find steady work or not earning enough to afford today’s higher down payment … Continue reading

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Why shut down Fannie and Freddie now?

After Fannie and Freddie were put into conservatorship, the Treasury began buying senior preferred shares of stock in the two, thereby keeping them afloat and fueling the nation’s mortgage market for the foreseeable future. During the next several years, as … Continue reading

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Fannie, Freddie are cash cows—why shut them down?

After Fannie and Freddie were put into conservatorship, the Treasury began buying senior preferred shares of stock in the two, thereby keeping them afloat and fueling the nation’s mortgage market for the foreseeable future. During the next several years, as … Continue reading

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Jobs report tempers mortgage rates

The jobs picture improved slightly in July, but its impact on the housing recovery is more murky. Mortgage bankers shed 1,200 jobs, as their refinance business has dropped dramatically due to higher rates. The unemployment rate for young adults rose … Continue reading

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Mortgage rates same for loans big and small

“It’s a confluence of events, really, and all of them help the spread between jumbo and conventional loans,” said Matthew Graham, COO of Mortgage News Daily. “Nonagency jumbo lenders began dipping their toes in the water as early as 2011, … Continue reading

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