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Lenders give Mixed Reviews to new GSE, FHA Initiatives, Homeowner Education

Lenders appear at least moderately encouraged by new efforts
on the part of Fannie Mae and FHA to lower the costs and increase the
availability of mortgage financing. 
Fannie Mae’s most recent quarterly Mortgage Lender Sentiment Survey,
conducted in February found about 2/3s of lenders thought the initiatives would
be beneficial.

Fannie Mae introduced a new 97 percent home mortgage late
last year and a similar program was unveiled by Freddie Mac starting this
month.  In January FHA reduced its annual
mortgage insurance premiums (MIP) by 0.5 percent on new loans.  Fannie Mae’s Economic & Strategic Research
Group surveyed senior mortgage executives in February to examine lenders’ views
about the expected impact of these initiatives.

 

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