environment

Fannie/Freddie Report Record Growth for 2020

Posted To: MND NewsWire

Both Fannie Mae and Freddie Mac (the GSEs) reported strong financial results in the fourth quarter of 2020 and significant growth in their net worth which, for the first time in their 12 years in conservatorship, they have an unlimited capacity to grow. Fannie Mae’s net and comprehensive income was $4.6 billion in the fourth quarter and $11.8 billion for the entire year. The quarterly net and comprehensive incomes were both about $300 million higher than in Q3, but the full year fell well short of the 2019 total net of $14.2 billion and comprehensive of $14 billion. Revenues were higher at $6.3 billion for the quarter and $21.9 billion for the year. The net revenues for the two earlier periods were $5.9 billion and $18.5 billion, respectively. The company said the decline in net and comprehensive…(read more)

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Political Power Shift Could Generate Changes in the U.S. Luxury Housing Market

Everything from capital gains tax policy to a more stable political environment will affect how affluent buyers view their wealth and appetite for home purchases.

The post Political Power Shift Could Generate Changes in the U.S. Luxury Housing Market appeared first on Real Estate News & Insights | realtor.com®.

IT Jobs; VOE, CRM, Non-QM Products; Conventional Conforming News; CPI: No Inflation Worries

Posted To: Pipeline Press

Here we are in the seemingly 58 th week of 2020. What’s new? The podcast of today’s commentary features thoughts from the Millennial host on how lenders can address that market, and it can be heard via Apple , Spotify , or Google : subscribe and download. In terms of news, the FHFA extended forbearance protection past March. (More below on that.) And rating agency Moody’s view is that the CFPB’s recent changes to the QM rules would “allow lenders to qualify more types of loans as QM, resulting in a non-QM market with loans of lower credit quality, since most of today’s higher-quality non-QM loans would qualify as QM under the new rules, making future non-QM more synonymous with non-prime… the rule, if implemented could incentivize some lenders to price riskier loans…(read more)

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Mortgage rates drop to another record low – CNN

Mortgage rates drop to another record low  CNN

This sleek box instantly turns all the speakers in your home into high-fidelity audio equipment – Yanko Design

This sleek box instantly turns all the speakers in your home into high-fidelity audio equipment  Yanko Design

5 Ways to Improve Your Home Office Setup – Redfin

If you have been working from your kitchen table, or are feeling uninspired in your current office consider these tips to improve your home office setup.