Fannie now prohibits leases for departing residences and permits market-analysis tools instead of Form 1007, creating a key documentation difference from Freddie Mac
Fannie Mae is giving loan originators a new way to document projected rent from a borrower’s departing residence, creating an alternative to an appraiser-completed rent schedule that Freddie Mac does not currently offer.Under rental-income guidelines published earlier this m...
Redfin counted 58% more sellers than buyers in August, but national home prices still increased as equity-rich owners resisted steep discounts
U.S. home prices increased 0.25% from July to August on a seasonally adjusted basis, according to the latest Redfin Home Price Index. Prices were up 3.7% from a year earlier, the index’s fastest annual growth rate in a year.The increase came during what Redfin described as t...
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