U.S. single-family home prices continued to rise in the third quarter, with Fannie Mae’s national index showing a 3.4% increase from a year earlier and a pickup in quarterly growth. The Fannie Mae Home Price Index rose 0.9% from the second quarter on a seasonally...
Fannie Mae is giving mortgage lenders more flexibility in how they verify a borrower’s employment, removing prescribed verbal-verification methods while keeping the underlying requirement that qualifying employment be confirmed. The change is part of Announcement...
The Federal Housing Finance Agency is preparing to direct Fannie Mae and Freddie Mac to require mortgage lenders to pull credit data from two of the three national credit bureaus instead of all three, according to a person familiar with the plans cited by Bloomberg...
Fannie Mae is giving lenders that cannot meet the Nov. 2 deadline for the mortgage industry’s new appraisal-data standard a temporary path to keep submitting legacy UAD 2.6 appraisals into 2027 — but the accommodation comes with increasingly significant...
Fannie Mae has opened fixed-price cash tender offers for eight classes of Connecticut Avenue Securities notes, continuing its active management of credit-risk-transfer securities tied to the company’s single-family mortgage book.The government-sponsored enterprise...