Latest Fannie Mae News

Landlords lining up to evict hundreds once freeze expires

May. 30, 2020 3:01 AM EDT

TAMPA, Fla. (AP) — In the seven weeks since Gov. Ron DeSantis issued an executive order to protect people from losing their homes during the coronavirus pandemic, hundreds of eviction cases have stacked up in Florida courts, waiting for the order to lapse. They include more than 250 in Hillsborough County...

FILE - This Feb. 18, 2020, photo shows a real estate sign in front of a home for sale in San Francisco.  An estimated 4.1 million Americans have their mortgage in forbearance, according to data released Monday, May 18,  by the Mortgage Bankers Association.(AP Photo/Jeff Chiu, File)

Is mortgage forbearance an option? Here's what to know

May. 20, 2020 12:11 PM EDT

Suddenly out of work or making due with reduced paychecks, an estimated 4.1 million Americans have sought forbearance on their mortgage, according to data released Monday by the Mortgage Bankers Association. That's a staggering number, and experts anticipate more homeowners will seek this protection as the...

Commonwealth Health workers applaud and cheer honoring first responders from local fire companies, local and state police officers, and other community minded organizations during a parade, Thursday May 7, 2020, Wilkes-Barre, Pa., honoring our Commonwealth Health General Hospital, Geisinger South, Geisinger Wyoming Valley and the Veterans Administration Medical Center's front line workers. (Mark Moran/The Citizens' Voice via AP)

Pennsylvania extends statewide stay-at-home order to June 4

May. 7, 2020 10:14 PM EDT

HARRISBURG, Pa. (AP) — The coronavirus death toll grew Thursday by more than 300 as Gov. Tom Wolf ordered most Pennsylvania residents to stay at home until June 4, extending a statewide edict he first imposed April 1 to slow the spread of the new virus. The revised stay-at-home order, issued late Thursday...

This April 16, 2020 photo shows a real estate company sign marking a home for sale in Harmony, Pa.  Long-term U.S. mortgage rates were mixed this week, continuing to hover near all-time lows. Mortgage buyer Freddie Mac reports that the average rate on the benchmark 30-year home loan edged up to 3.26% from 3.23% last week, which was the lowest level since Freddie started tracking rates in 1971. (AP Photo/Keith Srakocic)

US long-term mortgage rates mixed; 30-year loan at 3.26%

May. 7, 2020 1:27 PM EDT

WASHINGTON (AP) — Long-term U.S. mortgage rates were mixed this week, continuing to hover near all-time lows. Mortgage buyer Freddie Mac reported Thursday that the average rate on the benchmark 30-year home loan edged up to 3.26% from 3.23% last week, which was the lowest level since Freddie started...

FILE - This undated file photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website NerdWallet.com. (NerdWallet via AP, File)

Liz Weston: How to ask your bank or lender for help

Apr. 27, 2020 7:53 AM EDT

Many banks, credit card issuers and other lenders have promised to help those impacted by the coronavirus pandemic. They’re offering to defer or reduce payments and waive interest charges and rebate fees for those who have lost jobs, had their hours reduced or otherwise lost income to the COVID-19 crisis....

FILE - This Feb. 18, 2020, photo shows a real estate sign in front of a home for sale in San Francisco. Long-term mortgage rates rose slightly this week, continuing to hover near all time lows amid anxiety over the economy and housing market gut punched by the shutdown spurred by the coronavirus pandemic.  (AP Photo/Jeff Chiu, File)

US long-term mortgage rates edge higher; 30-year at 3.33%

Apr. 23, 2020 12:20 PM EDT

WASHINGTON (AP) — Long-term mortgage rates rose slightly this week, continuing to hover near all-time lows amid anxiety over the economy and housing market gut-punched by the shutdown spurred by the coronavirus pandemic. Mortgage buyer Freddie Mac reported Thursday that the average rate on the benchmark...

Editorial Roundup: Ohio

Apr. 6, 2020 5:21 PM EDT

Recent editorials of statewide and national interest from Ohio newspapers: Ohio Legislature erred with its hasty decision The Warren Tribune Chronicle April 5 Ohio’s recently rescheduled primary election by mail hastily drawn up by state legislators against recommendations of the state’s top...

FILE - This undated file photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website NerdWallet.com. When stock markets are rattled by news events, it’s unsettling for any investor — but especially so for those who are retired (or nearly there). The first thing anyone with an investment portfolio should do is make sure it’s properly balanced, taking both income needs and risk tolerance into account. (NerdWallet via AP, File)

Liz Weston: What to do when you can't pay your bills

Apr. 6, 2020 9:00 AM EDT

The economic fallout from the coronavirus pandemic could be profound. Many people are already losing jobs, with unemployment jumping at a record pace. Even those who stay employed may face reduced hours or uncertainty about how long their paychecks will continue. If you’re in a situation where you...