Fannie Mae is in the news over housing market struggles, crypto in mortgages, and proposed 50-year loans. Founded in 1938, it’s a key GSE shaping US housing.
On October 10, 2025, New York Attorney General Letitia James was federally indicted on bank fraud and false statement charges related to a 2020 mortgage for a Virginia property. Prosecutors allege she misrepresented the home as a secondary residence to secure favorable loan terms but rented it out. James denies wrongdoing, calling the charges politically motivated by former President Trump.
Mortgage rates in the U.S. declined slightly this week, with the 30-year rate at 6.23%. Meanwhile, the FHFA announced a 3.3% increase in the conforming loan limit for 2026, raising it to $832,750 in most areas, with higher limits in expensive markets like Los Angeles and New York.