Federal court upholds shareholders' right to interest after government's wrongful claim on profits; simple interest rate set, drawing from Delaware law precedent.
Despite a resilient housing market, the group forecasts a subdued growth into 2024; cites "higher for longer" stance by Federal Reserve on inflation.
September's HPSI drops to 64.5, with 84% of consumers deeming it an unfavorable time to buy.
Fannie Mae Survey: 73% of lenders now prioritize operational efficiency through AI and ML, marking a significant shift from 42% in 2018.
Industry experts praise the decision, foreseeing opportunities for increased affordability and growth in real estate investments.
The new platform, HomeView en Español, aims to bridge language barriers hindering Hispanic-Americans from purchasing homes..
Fannie Mae's ESR Group anticipates minor economic contraction amid waning inflation and rising mortgage rates; housing market to stay subdued through 2024.
Fannie Mae and Freddie Mac exhibit contrasting risk trajectories, while purchase loans dominate in a high-interest rate environment.
Fannie Mae's HPSI paints a complex picture with 66% of consumers ready to sell, but only 18% seeing it as a buying opportunity amidst historic mortgage rate highs.
Fannie Mae's ESR Group foresees challenges in the housing market regardless of the economy's trajectory, with mortgage rates and inflation playing pivotal roles.