Federal National Mortgage Association Fannie Mae (FNM.BE)
- PR Newswire
Unaffordability Expected to Remain Primary Constraint on Home Sales
Affordability constraints continue to limit the number of buyers willing and able to make home purchases, even as listings of for-sale homes rise, according to the June 2024 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. As such, the ESR Group downgraded its total home sales forecast to 4.82 million in 2024, representing a modest 1.3 percent annual gain compared to the previously projected 2.8 percent. Home sales have remained weaker than expected despi
- PR Newswire
Fannie Mae Executes its Fourth Credit Insurance Risk Transfer Transaction of 2024 on $12.1 Billion of Single-Family Loans
Fannie Mae (FNMA/OTC) announced today that it has executed a new Credit Insurance Risk Transfer™ (CIRT™) transaction. CIRT 2024-H2 transferred $284.8 million of mortgage credit risk to private insurers and reinsurers.
- PR Newswire
Homebuying Sentiment Hits New Survey Low
The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) decreased 2.5 points in May to 69.4 as the component measuring consumer attitudes toward homebuying conditions fell markedly, reaching an all-time survey low. This month, only 14% of consumers indicated that it's a good time to buy a home, down from 20% last month, while the share believing it's a good time to sell fell from 67% to 64%. Meanwhile, consumers continue to believe affordability will remain tight for the foreseeable f
