Sweeping plan imposes higher duties on “worst offenders” and is in addition to 25 percent tariff on foreign automobiles slated to take effect April 3.
Category: fannie mae
Pending home sales fall 4.6% to an all-time low, NAR says
The Pending Home Sales Index (PHSI), which tracks home sales based on contract signings, dropped 4.6 percent to 70.6 in January, marking an all-time low, while pending transactions fell 5.2 percent year over year.
Rocket offering renters up to $5K in closing credits
RocketRentRewards lets homebuyers earn closing cost credits equal to 10 percent of their verified rent payments over the past year, or $2,160 for those paying the average $1,800 in rent.
Fannie Mae and Freddie Mac’s net worths climb past $154B
While plans to privatize the mortgage giants are on the back burner, Trump administration may impose limits on how much support the mortgage giants can provide to riskier borrowers.
Fed pauses rate cuts, continues mortgage ‘quantitative tightening’
Trump wants lower rates. Fed Chair Jerome Powell says he’s not spoken to the President, and that “we don’t need to be in a hurry to adjust the policy stance.”
Wells Fargo is about to emerge from the regulatory woods
Once the nation’s largest home lender, Wells Fargo could be poised for a comeback in the mortgage business this year as it continues to make progress in addressing regulators’ concerns about its past practices.
Trump nominates homebuilder scion to oversee Fannie, Freddie
The grandson of PulteGroup founder William J. Pulte, Bill Pulte is a private equity CEO, philanthropist and Trump loyalist with 3 million followers on X.
HUD raising FHA ceiling in high-cost markets to $1.2M next year
Adjustment for rising home prices increases FHA ceiling in high-cost markets like New York, San Francisco and Washington, D.C., and raises the floor in low-cost markets to $524,225.
Fannie and Freddie will let more buyers off the hook for an appraisal
Appraisal waiver programs that rely on automated valuation models will be expanded next year to allow participation by homebuyers putting less than 20 percent down.
Trump, Harris housing policies emerging from the rhetoric
Housing policy has gotten short shrift in the debates, with a tight focus on immigration and inflation. But the candidates’ platforms — and Project 2025 — provide more details.