Fannie/Freddie Provide Details on New Refi Options

Fannie Mae and Freddie Mac (the GSEs) have provided details for their streamlined refinance programs that were originally announced by the Federal Housing Finance Agency (FHFA) last month. The programs, named “RefiNow” by Fannie Mae and “Refi...

CFPB Says Mortgage Complaints Have Spiked

The Consumer Financial Protection Bureau (CFPB) says the overall mortgage related complaints it has received recently are at their highest level in three years. The report was one of two that the agency says show that more work needs to be done to help mortgage...

Residential Sector Continues to Drive Construction Spending

Nationwide spending on construction edged up fractionally in March, but the big story was the annual gain in residential construction spending, especially for new single-family housing. The U.S. Census Bureau said construction, public and private, for all sectors...

Fannie and Freddie Told to Write Their Wills

The GSEs Fannie Mae and Freddie Mac have been given orders to develop so-called living wills. Such wills are credible resolution plans that outline how either GSE could be rapidly and orderly resolved should the Federal Housing Finance Agency (FHFA) be appointed their...