The range of fixed-rate mortgage terms and other outcomes possible through government-sponsored enterprise reform got a lot wider over the weekend. President Trump and Bill Pulte, the head of the GSEs’ oversight agency, used the social media channels they often employ to float ideas in order to advocate for a 50-year mortgage, a concept at […]
Trump, Pulte float 50-year mortgage use in U.S. Read More »
FHFA Director Bill Pulte said Friday that Fannie Mae and Freddie Mac will remain in conservatorship, but that the government would seek to sell up to 5% of their shares. Pulte made the remarks at the ResiDay conference in New York City, according to posts on X by ResiClub Co-founder Lance Lambert. Lambert quoted Pulte
Pulte says Fannie, Freddie to remain in conservatorship with IPO plans Read More »
Bill Pulte said the government-sponsored enterprises will see partnerships emerge as he eyes their money-making potential, while also upping criticism of homebuilders and the Fed chair at a housing conference Friday. In a call with attendees at the Residay 2025 conference in New York, the Federal Housing Finance Agency director pointed at the recent Trump
Pulte suggests new Fannie Mae, Freddie Mac business deals Read More »
Fannie Mae announced updates to underwriting guidelines, including a change that removes mention of a long-standing minimum credit score benchmark. Instead of a minimum score used to address risk, Fannie Mae updated language behind the previous requirement with a minimum credit risk standard based on evaluations made in its Desktop Underwriter system itself. “The minimum
Fannie Mae updates credit score language in DU update Read More »
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. Two weeks ago, Federal Housing Finance Agency (FHFA) Director Bill Pulte said he had tasked Barry Habib — the MBS Highway
Mortgage industry backs LLPA changes but is divided over priorities Read More »
The Mortgage Bankers Association largely supports the Federal Housing Finance Agency reduction of certain low-income single-family finance goals for the government-sponsored enterprises. But the one goal that was not changed in the proposal from the agency called U.S. Housing Finance by its director, the single-family low-income refinance goal, might not be attainable due to market
Fannie Mae, Freddie Mac housing goals need revisions: MBA Read More »
Fannie Mae has staged a new round of layoffs impacting 62 people viewed as working in noncore functions, according to Federal Housing Finance Agency Director Bill Pulte’s social media post. Pulte, who has said he posts announcements informally on social media platforms like X first to provide immediate transparency, indicated that the cuts were made
Fannie Mae laying off 62 in DEI, COO, and other units: Pulte Read More »
As new American Land Title Association (ALTA) President David Townsend steps into his role, he’s wasting no time setting an agenda that includes expanded housing access and a halt to right-to-list agreements — also known as non-title recorded agreements for personal service (NTRAPS). Townsend said these initiatives, along with efforts to improve affordability, streamline permitting
ALTA’s David Townsend on housing affordability and title insurance regulations Read More »
Nearly two years after stepping down and retiring from Fannie Mae, past president David Benson has rejoined the government-sponsored enterprise (GSE) as senior adviser. Benson previously served a 21-year tenure at Fannie Mae in a wide range of positions, including interim CEO, chief financial officer, executive vice president of capital markets and treasurer. Federal Housing
David Benson is back at Fannie Mae Read More »
Fannie Mae announced its earnings on Wednesday, reporting net income of $3.9 billion for the third quarter of 2025, compared with $3.3 billion for the second quarter of 2025. The quarter marked the government-sponsored enterprise’s 31st consecutive quarter of positive earnings. In its earnings call Wednesday morning, Fannie Mae’s Chief Financial Officer, Chryssa C. Halley,
Fannie Mae’s Q3 2025 earnings rise to $3.9 billion Read More »