FREDDIE FOR 710 2016 MAC FORM 70B

Freddie For 710 2016 Mac Form 70B

Manufactured Home Appraisal Report File Freddie Mac Form 70B March 2005 Page 1 of 7 Fannie Mae Form 1004C March.Housing and residential mortgage markets in the United States are continuing to recover from several years of turmoil that began in 2007-2008, though the recovery has been uneven across the country. Without Fannie Mae and Freddie mortgage rates would be much higher and financing and refinancing would be far more difficult, thus all borrowers benefit when Fannie Mae and Freddie Mac are doing well.Lender Letter LL-2016-06 - Fannie Mae. Freddie Mac and Fannie Mae are the biggest players in the secondary market because of the vast number of loans they purchase, package and insure in exchange for investor cash.

Congress also took the occasion of HUDвЂ™s 50th anniversary to reflect on the departmentвЂ™s role through hearings and other actions.Congress also deliberated on certain housing finance-related issues, including possible targeted changes to Fannie Mae and Freddie Mac, oversight of mortgage-related rulemakings, and issues related to the future and financial health of FHA.Two fair housing issues were also active in the 114th Congress. Some of these issues were related to housing for low-income individuals and families, including appropriations for housing programs in a limited funding environment, proposed reforms to certain rental assistance programs administered by the Department of Housing and Urban Development (HUD), debate over funding for two affordable housing funds (the Housing Trust Fund and the Capital Magnet Fund), and the possible reauthorization of the main program that provides housing assistance to Native Americans. Rising rents have contributed to housing affordability problems, which are especially pronounced for low-income renters.The 114th Congress considered a number of housing-related issues against this backdrop. Although the supply of rental housing has also increased, it has generally not kept pace with the increasing demand.

Native American Housing Assistance and Self-Determination Act Reauthorization Appropriations for Housing Assistance Programs Overview of Housing and Mortgage Market Conditions These housing-related provisions included extensions of the exclusion for canceled mortgage debt, the deduction for mortgage insurance premiums, and provisions related to the low-income housing tax credit. Congress expressed interest in both of these developments.As in recent years, the 114th Congress considered several housing-related tax provisions as part of a broader tax extenders bill. Separately, the Supreme Court issued a decision affirming that disparate impact claims are allowable under the Fair Housing Act.

Supreme Court Decision on Disparate Impact Claims Under the Fair Housing Act Oversight of Mortgage-Related Rulemakings Homeownership and Mortgage Finance Issues

Low-Income Housing Tax Credit: The 9% Floor Mortgage Insurance Premium Deductibility Tax Exclusion for Canceled Mortgage Debt

However, foreclosure rates and negative equity continue to be higher than is generally considered to be normal, and home sales and mortgage originations have been relatively low. For example, house prices have been rising and negative equity and foreclosure rates have been falling. The years of housing market turmoil that followed featured sharp declines in house prices, increased mortgage foreclosures, tighter mortgage credit standards, and lower levels of home sales and homebuilding.Since about 2012, many national housing market indicators have been improving from their performance during the years of housing market turmoil. The bubble featured rapidly rising home prices in many areas of the country as well as looser credit standards for obtaining mortgages.

However, some feel that changes to the rules could weaken consumer protections. For example, Congress considered legislation to modify certain mortgage-related laws and regulations that were put in place during the aftermath of the housing downturn, in response to concern that these new rules may be impeding access to mortgage credit. Some of these issues reflected larger questions about policies that could accelerate recovery in the housing and mortgage markets or factors that could be hampering recovery. Rising home prices impact the affordability of housing for prospective homebuyers, while increasing numbers of renter households and the corresponding effects on vacancy rates and rents have implications for the affordability and availability of rental housing.The 114 th Congress considered a number of housing-related issues against this backdrop.

Freddie Mac For 710 2016