Fannie Mae

Dec 29, 2024 | fanniemae.com | Nathaniel Drake

We explain how the rate on a 30-year mortgage is determined and how these factors explain the movements in mortgage rates following the COVID-19 pandemic.

Nov 19, 2024 | fanniemae.com | Steve Holden |Single-Family Analytics

As we noted in last year's perspectives blog on the 2023 Desktop Underwriter® (DU®) V. 11.1 update, Fannie Mae is continually researching new methods and data to assess mortgage credit risk safely and soundly, while ensuring that potential borrowers have access to an affordable, safe mortgage. The recent announcement of DU Version 12.0 reflects this ongoing focus. With DU V.

Nov 7, 2024 | fanniemae.com | Kevin Park

The confluence of increased demand for space, opportunities to work remotely, and historically low interest rates during the COVID-19 pandemic had a substantial effect on the geography of housing demand. Previous Fannie Mae research found a rise in the share of homebuyers moving across metropolitan statistical areas (MSAs) from higher-density to lower-density neighborhoods.

Aug 7, 2024 | fanniemae.com | Brooke Smith

Over the last few years, several mortgage origination technology solutions have been rolled out to increase efficiency, improve the borrower experience, and lower costs. One of these advancements, digital verification, gives borrowers the option to allow lenders or third-party service providers to digitally access their financial information, such as bank accounts and payroll data, to verify employment, income, and assets.

Jul 23, 2024 | fanniemae.com | Rachel Zimmerman |Lauren Hoffman |Single-Family Strategy

When analyzing housing affordability, economists and industry observers closely track changes in top-line measures like home prices, rents, and mortgage rates. However, there are many other housing-related costs that, individually and in aggregate, meaningfully impact affordability for both homeowners and renters, including real estate taxes, insurance, utilities, routine maintenance, and homeowners' association (HOA)/condo fees, among others.