Tag Archives: Fannie Mae

Conforming Loan Limits Won’t Decline in 2014

Posted on November 28, 2013 by Popular Economics Weekly

The Mortgage Corner The Federal Housing Finance Agency has just announced it is keeping conforming loan limits at the same level in 2014 for most areas in the country. Fannie Mae and Freddie Mac can guarantee mortgages up to $417,000 … Continue reading →

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Consumer Debt At Record Lows

Posted on November 1, 2013 by Popular Economics Weekly

Financial FAQs The Federal Reserve just released the Q2 2013 Household Debt Service and Financial Obligations Ratios. The overall Debt Service Ratio decreased in Q2 2013, and is just above the record low set in Q4 2012 thanks to very … Continue reading →

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Conforming Mortgage Limit Reductions Postponed

Posted on October 25, 2013 by Popular Economics Weekly

The Mortgage Corner Federal officials will delay any reduction in the maximum size of home-mortgage loans eligible for backing by Fannie Mae and Freddie Mac until next spring at the earliest, said FHFA Administrator Ed DeMarco in a Wall Street … Continue reading →

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So-called Qualified Mortgages Are a Problem

Posted on October 14, 2013 by Popular Economics Weekly

The Mortgage Corner The new rules coming into effect in January 2013 for most conforming loans—i.e., those guaranteed by Fannie Mae and Freddie Mac will cause a definite drop in mortgage lending. The Consumer Protection Financial Bureau, created under Dodd-Frank … Continue reading →

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Whither Mortgage Rates?

Posted on June 22, 2013 by Popular Economics Weekly

The Mortgage Corner Ok, the fats in the fire now with the Fed saying it will begin to taper its QE3 purchases that have been holding down mortgage rates by the end of 2013. Rates have been surging since then. … Continue reading →

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Fannie Mae/Freddie Mac Dilemma Won’t End Soon

Posted on June 16, 2013 by Popular Economics Weekly

Popular Economics Weekly The U.S. Treasury is in a bind. Everyone seems to agree that Fannie and Freddie, wards of the government should be downsized, but how to do it without damaging the housing recovery? Extreme conservatives even want to … Continue reading →

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Housing Prices Rise as Foreclosure Rates Fall

Posted on June 4, 2013 by Popular Economics Weekly

The Mortgage Corner Home prices are continuing to rise, in part because foreclosure rates continue to fall. Fannie Mae reported that the Single-Family Serious Delinquency rate declined in April to 2.93 percent from 3.02 percent in March. The serious delinquency … Continue reading →

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Saving Fannie and Freddie—Part II

Posted on May 13, 2013 by Popular Economics Weekly

Financial FAQs The Federal Housing Finance Authority that supervises the so-called Government Supervised Enterprises (GSE), now including Fannie Mae and Freddie Mac, just announced restrictions that not only weaken Fannie and Freddie’s mandate, but the mortgage and housing markets in … Continue reading →

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Saving Fannie and Freddie Mac

Posted on April 9, 2013 by Popular Economics Weekly

The Mortgage Corner Fannie Mae (FNMA), or Federal National Mortgage Association, reported a record profit for 2012, a good reason to save the mortgage giant from dissolution, as the banking industry in particular has lobbied for. The government-sponsored enterprise had … Continue reading →

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Mortgage Activity Continues To Improve

Posted on February 6, 2013 by Popular Economics Weekly

The Mortgage Corner Increasing mortgage purchase and refinance activity, key forward looking indicators of our housing market, show 2013 should be a great year for housings’ continued recovery. The Mortgage Bankers Association reported its Refinance Index increased 4 percent from … Continue reading →

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