Core Insights - Mortgage rates have increased slightly, with the national average 30-year rate rising to 6.34% and the 15-year fixed rate to 5.55% [1][15] - Despite the increase, the 30-year fixed-rate mortgage remains below its 52-week average of 6.71%, indicating a trend of lower rates in recent months [2] Current Mortgage Rates - The current national average mortgage rates include: - 30-year fixed: 6.34% - 15-year fixed: 5.55% [1][15] - Additional rates include: - 20-year fixed: 5.95% - 5/1 ARM: 6.55% - 7/1 ARM: 6.68% [6] Market Trends - The increase in mortgage rates has not deterred homebuyers, as evidenced by a rise in pending home sales, suggesting increased market confidence [2] - Forecasts from Fannie Mae and the Mortgage Bankers Association predict that mortgage rates will remain stable, hovering around 6% through 2026 [13][16] Future Projections - The Mortgage Bankers Association expects the 30-year mortgage rate to be 6.5% by the end of the year and around 6.4% throughout 2026 [16] - Industry forecasts suggest that mortgage rates will likely remain close to current levels, with slight decreases possible [17]

Core Insights - Fair Isaac Corp. (FICO) is launching a program to sell credit scores directly to mortgage resellers, which is expected to enhance price transparency and reduce costs for mortgage lenders and brokers [2][4][5] - The announcement has led to a significant drop in shares of credit-reporting bureaus TransUnion and Equifax, each falling over 8%, while FICO shares surged by 32% intraday, marking its largest gain on record [3][5] - The move is seen as a step towards ensuring a competitive market, as it allows lenders to consider alternative credit scoring methods, potentially reducing reliance on traditional FICO scores [4][6] Company Impact - FICO's new program is anticipated to be beneficial for the company, as analysts suggest it will stabilize costs for homebuyers and mortgage originators while enhancing FICO's market position [5] - Citigroup analysts noted that Equifax reassured investors about maintaining profitability in the mortgage sector despite the competitive pressure from FICO's new initiative [5] Industry Dynamics - The shift in credit score distribution is expected to create a more competitive environment in the mortgage industry, with Fannie Mae and Freddie Mac also allowing the use of VantageScore, further diversifying credit assessment options for lenders [6]

With the U.S. government shutdown in effect and little progress made on an eventual reopening, mortgage lenders are busy measuring operational impacts while introducing strategies drawn on past experience to keep business flowing. As of Wednesday, many questions remain about the full extent of the impact on support provided to lenders, with most federal services coming to a halt. The disruption of services provided by government offices essential to home finance, particularly the Federal Housing Agency and ...

Group 1 - Fannie Mae has initiated foreclosure proceedings on a $61.5 million loan associated with two properties in New York City, citing default on payments since April 2020 [3][7] - The borrower, Fordham Fulton Realty Corp., has entered into multiple forbearance agreements but still owes payments due from October 2024 onward [3] - Legal issues for Fordham Fulton Realty include a lawsuit filed by The Legal Aid Society on behalf of 62 tenants seeking repairs for over 600 open violations in Fulton Towers [5][6] Group 2 - Tenants have reported severe neglect, including prolonged heat and water outages, and malfunctioning elevators, leading to allegations of falsified certifications by the landlord [6][7] - Fannie Mae's complaint seeks a receiver to manage the properties, foreclosure of the mortgage, and a monetary judgment against the borrower and guarantor for any remaining funds post-foreclosure [7]

Core Insights - A government shutdown has occurred due to partisan budget negotiations, impacting bond investor activity and potentially lowering mortgage rates while challenging the housing market [1] - The 10-year yield, which correlates with common mortgage types, decreased to 4.1% from 4.15%, influenced by a slow private payroll report [2] - Experts warn that prolonged shutdowns could raise concerns about U.S. debt credit quality, leading to higher bond yields and mortgage rates [3] Government Sponsored Enterprises (GSEs) - Fannie Mae and Freddie Mac have implemented workarounds for borrower data verifications, allowing for flexibility in the mortgage process during the shutdown [3][4] - These GSEs are also permitting servicers to extend forbearance to borrowers affected by the shutdown [4] Federal Housing Administration (FHA) - The FHA's Office of Single Family Housing announced limited operational capacity for some mortgage insurance programs during the shutdown [5] - The FHA's operational decisions are guided by legal frameworks established by the U.S. Constitution and other statutory provisions [6] Flood Insurance and Lending - The American Land Title Association highlighted the lack of authorization for federal flood insurance, which affects millions of Americans and jeopardizes home sales [6] - Regulatory agencies have re-released guidance allowing lenders to continue making loans subject to federal flood insurance statutes, even when the National Flood Insurance Program is unavailable [6][7] - Lenders are advised to evaluate safety and soundness and manage legal risks during the shutdown period [7]

WASHINGTON, Sept. 30, 2025 /PRNewswire/ -- Following national home price growth of 5.3% in 2024, a panel of more than 100 housing experts forecast home price growth to average 2.4% in 2025 and 2.1% in 2026, according to the Q3 2025 Fannie Mae (OTCQB: FNMA)Â Home Price Expectations Survey (HPES), produced in partnership with Pulsenomics, LLC. The panel's latest estimates represent revisions from last quarter's expectations of 2.9% for 2025 and 2.8% for 2026, as measured by the Fannie Mae Home Price Index (FN ...

Core Insights - Fannie Mae's August 2025 Monthly Summary report is now available, detailing the company's activities in the mortgage sector [1] Group 1: Monthly Activities - The report includes information on Fannie Mae's gross mortgage portfolio, mortgage-backed securities, and other guarantees [1] - It provides insights into interest rate risk measures and serious delinquency rates [1]

Core Viewpoint - Fannie Mae has initiated fixed-price cash tender offers for the purchase of Connecticut Avenue Securities (CAS) Notes, with the offers set to expire on October 3, 2025, unless extended or terminated [1][2]. Summary by Sections Tender Offer Details - Fannie Mae is offering to purchase all listed CAS Notes, with BofA Securities and Wells Fargo Securities acting as dealer managers [2]. - The total original principal amount of the applicable classes of Notes is approximately $2.25 billion [5]. Pricing Terms - The table provided outlines the specific CAS Notes being offered, including their original principal balances and the consideration per $1,000 original principal amount: - Series 2017-C03, Class 1B-1: $26,045,000 at $1,063.13 - Series 2017-C06, Class 2B-1: $19,316,000 at $1,067.81 - Series 2017-C07, Class 1B-1: $27,201,000 at $1,068.44 - Series 2018-C04, Class 2B-1: $17,000,000 at $1,096.41 - Series 2018-C06, Class 2B-1: $25,087,000 at $1,091.88 - Series 2020-SBT1, Class 2M-2: $316,415,000 at $1,040.94 - Series 2021-R02, Class 2M-2: $283,566,000 at $1,011.72 - Series 2022-R01, Class 1M: $434,007,000 at $1,013.59 - Series 2022-R06, Class 1M: $332,500,000 at $1,023.28 - Series 2022-R07, Class 1M: $391,813,000 at $1,025.78 - Series 2022-R08, Class 1M: $377,927,000 at $1,025.47 [3][4]. Tender Process - Holders must tender their Notes by the expiration time to receive the Tender Offer Consideration, which includes accrued and unpaid interest up to the Settlement Date, expected on October 7, 2025 [6]. - Notes tendered via the Notice of Guaranteed Delivery will be purchased on October 8, 2025, with interest payments made only up to the Settlement Date [6]. Contact Information - For further inquiries, holders can contact Global Bondholder Services Corporation or the designated dealer managers [7].

Final Claims DismissedA federal judge has thrown out the last remaining claims in sprawling litigation that accused global banks of conspiring to rig Libor, the benchmark interest rate once tied to hundreds of trillions of dollars in contracts. The decision brings an end to one of the longest-running financial antitrust cases in U.S. history.U.S. District Judge Naomi Reice Buchwald in Manhattan issued a 273-page ruling on Thursday, finding that investors had failed to prove banks colluded to keep Libor arti ...

Core Point - Fannie Mae board member Karin Kimbrough resigned from her position on September 22 [1] Company Summary - The resignation of Karin Kimbrough marks a change in the leadership structure of Fannie Mae [1]