NAR Economist Lawrence Yun is projecting 14% growth in home sales in 2026 if the interest rate on mortgages falls to 6%. However, economists at Fannie Mae and MBA in recent weeks lowered their expectations for mortgage rates decreases.
FHFA said lenders can now use VantageScore 4.0 when underwriting GSE loans. It’s not clear, though, if the mortgage industry is ready to take advantage of the opportunity.
The FHLBanks responded forcefully to complaints that they fail to live up to their affordable housing mission and that they are a threat to the financial system.
Advocates for GSE reform offered the Trump administration some useful guardrails to consider as it plots ending the conservatorships of Fannie and Freddie.