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Fannie Mae

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Opendoor to acquire Doma unit to cut refinance costs via automated closings
business11 days ago

Opendoor to acquire Doma unit to cut refinance costs via automated closings

Opendoor is acquiring part of Doma, with 85 Doma employees joining Opendoor, to automate closings (title, escrow, underwriting) and reduce refinance costs. Doma’s tech supports a Fannie Mae pilot extended through 2027 that allows certain low‑risk refinances to skip lender’s title insurance. Closing costs beyond title remain, and refinancing demand has fallen as mortgage rates rise amid geopolitical tensions. Opendoor projects roughly $1,100 saved per refi and aims to grow its closing-services share even if total refis shrink.

via CNBC|
#business#doma#fannie-mae
Fannie Mae Embraces Crypto-Backed Mortgages Through New Two-Loan Model
business16 days ago

Fannie Mae Embraces Crypto-Backed Mortgages Through New Two-Loan Model

Fannie Mae will start accepting crypto-backed mortgages through a Better Home & Finance and Coinbase product, allowing borrowers to pledge crypto as collateral for a second loan to cover the down payment while the crypto remains in custody and cannot be traded; although borrowers incur two loan payments, the program offers potentially lower rates and no private mortgage insurance on the second loan, signaling a first compliant step toward tokenized-asset financing in real estate.

via CNBC|
#business#coinbase#crypto
Trump Administration Promises Homeownership Boom as Mortgage Rates Drop
politics1 month ago

Trump Administration Promises Homeownership Boom as Mortgage Rates Drop

The White House touts a housing-market upturn under President Trump, citing Freddie Mac data that mortgage rates are at a multi-year low and affordability is improving, with rising refinance activity and demand for home purchases. Rents have declined, and starts are up, while policy moves—such as $200 billion in mortgage-backed-securities purchases, limiting large investors in single-family homes, barring certain non-citizens from taxpayer-backed loans, and rolling back the Affirmatively Furthering Fair Housing rule—are framed as expanding access to homeownership and lowering costs for American families.

via The White House (.gov)|
#fannie-mae#freddie-mac#housing-affordability
Trump targets cheaper borrowing via mortgage bond push and 10% card cap
politics2 months ago

Trump targets cheaper borrowing via mortgage bond push and 10% card cap

Trump is pushing to lower consumer borrowing costs outside the Federal Reserve by directing Fannie Mae and Freddie Mac to use their balance sheets to buy $200 billion in mortgage bonds to press mortgage rates downward and proposing a one-year cap of 10% on credit-card interest. The moves aim to ease affordability without legislation or new regulations, but economists warn they could backfire or slow the economy even if mortgage rates dip below 6%.

via Axios|
#credit-cards#fannie-mae#freddie-mac
Trump pushes $200B mortgage-bond buy to lower housing costs
politics3 months ago

Trump pushes $200B mortgage-bond buy to lower housing costs

President Trump says his representatives will buy about $200 billion in mortgage bonds to push down mortgage rates and make home buying more affordable, funded from liquidity on Fannie Mae and Freddie Mac’s balance sheets rather than Fed/Treasury money. FHFA Director Bill Pulte said the two agencies can execute the purchases, noting liquidity exists even though their reported cash on Q3 filings was under $17 billion, with higher liquidity implied by assets like securities repurchases. The plan’s potential impact is likely modest compared with the Fed’s QE, possibly cutting rates by roughly 10–15 basis points, and timeline details were not disclosed. Trump also signaled more housing initiatives for Davos and has floated limiting institutional single-family home purchases.

via Reuters|
#fannie-mae#freddie-mac#housing-affordability