It is well known that home sales and mortgage loan statistics have reached and surpassed historic performance. With a variety of sources for how these statistics are tracked, it can become confusing to understand.
Understanding Home Sales Statistics
All posts tagged: Fannie Mae
Adverse Market Fee is Being Eliminated
The Adverse Market Fee is defined as a 0.5% fee added in 2020 to refinanced mortgage loans backed by Fannie Mae and Freddie Mac (about 70% of all home loans). It was charged to lenders and usually passed on to homeowners through closing costs, as an addition to their loan amount or by a raised interest rate.
Understanding Fannie Mae’s Home Purchase Sentiment Index (HPSI)
If you are following home purchase trends, whether you are a buyer or a seller, you will find many sources and indexes that will help you in your decision making process.
Home Purchase Sentiment Index on the Rise
Fannie Mae’s November National Housing Survey rose 11 percentage points to a net of 32 percent, 9 points higher than in November 2018 and its highest point since March 2018.
Confidence in Home Purchase at Record High
Fannie Mae’s Home Purchase Sentiment Index (HPSI) hit a record high in July 2019, according to an article on FannieMae.com. They state that the increase results from “Confidence About Not Losing Job” as well as other factors.
FHFA To Shut Down Controversial Program
Federal Housing Finance Agency, the U.S. regulator that oversees Fannie Mae and Freddie Mac, recently announced their plans to discontinue a controversial program that subsidized loans for firms that invest in single-family rental properties.