Fannie Mae downgraded its forecasts for 2024 and 2025 home sales based on a number of reliable metrics that have “barely budged in response to the more favorable rate environment.“
Search Results for: 2024
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IMBs post first net production profit in two years largely due to better expense management, MBA says in its quarterly profitability report.
The V.A. issued guidance to strongly encourage servicers to extend the moratorium while they implement a program to help struggling veterans.
First-quarter 2024 marked the eighth straight quarter of net production losses, but losses were less severe than the previous two quarters.
Even if mortgage rates dropped to 4%, the median monthly payment would still be 44% above pre-pandemic levels, said Kevin Barker of Piper Sandler.
HousingWire tracked 62 mergers, acquisitions, exits and bankruptcies covered by the newsroom in 2023. Analysts foresee more next year.
HousingWire spoke to housing market analysts to understand the challenges and opportunities for mortgage lenders in 2024.
The increase in conforming and FHA loan limits will help certain homebuyers, but will it move the needle enough on affordability challenges?
In 2024, FICO will charge one price – higher than the current price – to all mortgage lenders. It is moving away from the tier-based structure it implemented in early 2023.
The baseline conforming loan limit for mortgages backed by Fannie Mae and Freddie Mac in 2024 will be $766,550.
Though analysts at Fitch Ratings expect mortgage rates to drop before the end of 2024, it won’t drive significant refi volume.
UWM raised its conforming loan limits to $750,000 following other firms’ moves ahead of the FHFA’s November decision.