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Fannie Mae recently announced a new online home buyer education course, which allows first-time home buyers to receive up to three percent of the purchase price in closing cost assistance toward the purchase of a HomePath property upon successful completion. Fannie Mae also will reimburse the $75 cost of the home buyer education course at the time of closing.

The FHFA has directed Fannie Mae and Freddie Mac to explore "alternate" credit-score models and the credit history of the loans they back. The move is part of several efforts by FHFA to ease tight mortgage standards and help more potential buyers qualify for financing.

Fannie Mae and Freddie Mac announced they plan to suspend evictions on foreclosed single-family properties nationwide during the holidays, from December 17, 2014 through January 2, 2015. In a related note, the nationwide mortgage loan delinquency rate—the number of borrowers 60 or more days past due on their mortgage—is projected to drop to 3.12 percent by the end of this year according to TransUnion.

Fannie Mae has published an update to its lender selling guide to improve and streamline its condominium project approval process. Full details are available in Fannie Mae Seller/Servicer guide.

President Obama stated he will not end government control of mortgage-finance companies Fannie Mae and Freddie Mac without legislation. SAMCAR along with NAR have recommend that Fannie Mae and Freddie Mac be replaced by a non-shareholder owned authority, subject to tighter regulations.

FHFA has announced that it will propose a new framework early next year for how mortgage giants Fannie Mae and Freddie Mac will set their so-called G-fees.

FHFA announces plans to expand home buyers' access to mortgages by loosening up lending standards. Learn more about this plan to help home buyers access loans.

The Federal Housing Finance Agency (FHFA) is seeking input on the guarantee fees (or "G-fees") that Freddie and Fannie charge lenders as well as their impact on up-front fees charged to borrowers.