Thursday, February 29, 2024

GSEs

Fannie Mae Taps Peter Akwaboah as EVP and COO

Peter Akwaboah has been appointed executive vice president and chief operating officer of Fannie Mae, effective May 20, 2024. Akwaboah has nearly three decades of...

Fannie Mae Recognizes 32 Top Performing Mortgage Servicers Through its STAR Program

Fannie Mae has recognized 32 mortgage servicers for competency, capacity, and overall performance through its 2023 Servicer Total Achievement and Rewards (STAR) Program. The program awards...

Freddie Mac Announces Two New VPs of Seller Engagement

Eric Wilson and Jonathan Kunkle have each been named vice president of seller engagement for Freddie Mac’s single-family division. Wilson, who will handle the East...

Freddie Mac Offering $2500 Credit to Help Low-Income Homebuyers With Closing Costs

Freddie Mac is offering a $2,500 credit to help with down payment and other closing costs for low-income families looking to purchase a home.  The...

Fannie Mae: Housing Market Will Improve in 2024

Fannie Mae is forecasting that the housing market will gradually improve in 2024, as mortgage rates decrease and home builders ramp up production. According to...

FHFA Sets New Loan Limits For 2024

Come January 1, the Federal Housing Finance Agency (FHFA) will increase the maximum baseline conforming loan limits for mortgages acquired by Fannie Mae and...

Federal Home Loan Bank of New York Elects Larry E. Thompson as Chairman

Larry E. Thompson has been elected chairman of the Federal Home Loan Bank of New York for a two-year term that will commence on...

Retirements Usher in Leadership Changes at Fannie Mae

David C. Benson, president of Fannie Mae, and Jeffery Hayward, chief administrative officer, have announced their retirements, leading to leadership changes at the government-sponsored...

FOMC Opts to Keep Fed Funds Rate Flat For Now

Citing strong economic activity and a low unemployment rate in the third quarter, the Federal Open Market Committee (FOMC) voted Wednesday to maintain the...

Freddie Mac Sells 88 Non-Performing Loans to GITSIT Solutions and VRMTG ACQ

Freddie Mac recently sold 88 non-performing residential first lien loans valued at $19.1 million from its mortgage-related investments portfolio to GITSIT Solutions and VRMTG...

FHFA Takes Further Steps to Reduce Loan Repurchase Requests

The Federal Housing Finance Agency (FHFA) is taking further action to reduce repurchase requests from Fannie Mae and Freddie Mac, which spiked in 2022...

Fannie Mae Selling Pool of Non-Performing Loans with $217.5 Million UPB

Fannie Mae recently announced that it is selling a pool of 1,555 non-performing loans totaling $217.5 million in unpaid principal balance (UPB). This includes a...

Fannie Mae Continues Efforts to Close Latino Homeownership Gap

According to a recent study conducted by the Urban Institute, 70% of net-new homeowners between 2020 and 2040 will be Hispanic/Latino, and this demographic...

Freddie Mac Auctions Off $586 Million in NPLS

Freddie Mac has sold via auction 3,564 non-performing residential first lien loans (NPLs) from its mortgage-related investments portfolio. Specialized Loan Servicing LLC, Select Portfolio...

Fannie Mae Names Most Recent NPL Loan Sale Winner

Fannie Mae has announced the results of its twenty-first non-performing loan (NPL) sale transaction. The deal, announced on August 10, included the sale of...

Fannie Mae Opens Latest Sale of Reperforming Loans

Fannie Mae has begun marketing its thirtieth sale of reperforming loans as part of its ongoing effort to reduce the size of its retained...

Ginnie Mae MBS Portfolio Hits $2.458 Trillion in August

In August, Ginnie Mae’s mortgage-backed securities (MBS) portfolio outstanding grew to $2.458 trillion – including $38.1 billion of total MBS issuance, leading to $18...

FHFA Continues Conversation About Credit Scores, Reporting for Fannie/Freddie Mortgages

​​​​​​​​​​​​​​​​​The Federal Housing Finance Agency (FHFA) has announced additional opportunities for ongoing public engagement to facilitate the transition to updated credit score models and...

Nexus Nova Earns Fannie Mae Master Servicing Approval

MSR investing platform Nexus Nova LLC, a subsidiary of Minneapolis-based private investment firm Rice Park Capital Management LP, has received Fannie Mae master servicing...

Fannie Mae: Sale of Reperforming Loans Begins

Fannie Mae has begun marketing its twenty-ninth sale of reperforming loans as part of the company's ongoing effort to reduce the size of its...