Wednesday, May 25, 2022

GSEs

Fannie Mae Executes Fifth CIRT Transaction for $21 Billion

Fannie Mae has executed its fifth Credit Insurance Risk Transfer (CIRT) transaction of 2022. As part of Fannie Mae's ongoing effort to reduce taxpayer...

Fannie Mae Releases Latest Sale of Non-Performing Loans

Fannie Mae’s latest sale of non-performing loans has been declared as part of the company's ongoing effort to reduce the size of its retained...
new construction home

Fannie Mae’s Latest Reperforming Loan Sale Transaction Includes 7,500 Loans

The results of Fannie Mae’s 25th reperforming loan sale transaction included the sale of approximately 7,500 loans totaling $1.47 billion in unpaid principal balance...
House

Fannie Mae Releases $952 Million CAS REMIC Transaction

Fannie Mae has priced Connecticut Avenue Securities (CAS) Series 2022-R05, an approximately $952 million note offering that represents Fannie Mae's fifth CAS REMIC transaction...

Kevin Palmer Promoted to Handle Freddie Mac Multifamily Business

Freddie Mac has named Kevin Palmer to head its multifamily business. He will serve as a member of the company’s Senior Operating Committee and...
apartment building

Yardi Software Integrated Into Multifamily Data Reporting to Fannie Mae

Fannie Mae is the largest provider of loans for apartment buildings with $3.8 trillion in mortgages. As the largest credit and operational risk manager...

Fannie Mae Prices Fourth GeMS of 2022

Fannie Mae has priced a $736 million Multifamily DUS REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program. FNA 2022-M8 marks...

With CEO Hugh Frater Retiring, David Benson Named to Lead Fannie Mae

Fannie Mae Board Chair Sheila C. Bair is resigning effective May 1. The board has unanimously elected Michael J. Heid to succeed her. In...

Freddie Mac Tees Up Reperforming Loan Securitization

Freddie Mac has priced its first Seasoned Credit Risk Transfer Trust (SCRT) offering of 2022 – a securitization of approximately $1 billion, including both...

Fannie Mae Prices Latest CAS REMIC Deal

Fannie Mae has priced Connecticut Avenue Securities (CAS) Series 2022-R04, an approximately $1.1 billion note offering that represents Fannie Mae’s fourth CAS REMIC transaction...

FHFA Reports 153,793 Foreclosure Prevention Actions Completed in Q4 2021

The Federal Housing Finance Agency (FHFA) has released its fourth-quarter 2021 Foreclosure Prevention and Refinance Report​. The report shows that Fannie Mae and Freddie...

Fannie Mae’s Latest CAS REMIC Deal Priced at $1.2 Billion

Fannie Mae has priced Connecticut Avenue Securities (CAS) Series 2022-R03, an approximately $1.2 billion note offering that represents Fannie Mae's third CAS REMIC transaction...
House

Fannie Mae Implements CIRT Transactions on $50 Billion of Single-Family Loans

Fannie Mae has executed its second and third Credit Insurance Risk Transfer (CIRT) transactions of 2022. As part of Fannie Mae's ongoing effort to...

Fannie Mae Reperforming Loan Sale Transaction Includes Nearly 8,000 Loans

Fannie Mae’s results of its twenty-fourth reperforming loan sale transaction included the sale of 7,970 loans totaling $1.3 billion in unpaid principal balance (UPB),...

Anderson Joins Fannie Mae as SVP, Chief Diversity and Inclusion Officer

Fannie Mae has appointed Sharifa A. Anderson senior vice president and chief diversity and inclusion (D&I) officer. She will be a member of Fannie...
House

Fannie Mae’s First CIRT Transaction of 2022 Covers $26 Billion in Loans

Fannie Mae has executed its first Credit Insurance Risk Transfer (CIRT) transaction of 2022. CIRT 2022-1 covers $26.1 billion in unpaid principal balance (UPB)...

Freddie Mac Issued $20 Billion in 2021 to Protect Single-Family Mortgages

The Credit Risk Transfer (CRT) program, part of Freddie Mac's Single-Family business, reports a 2021 CRT issuance of nearly $20 billion, protecting $828.5 billion...

FHFA Amends Enterprise Regulatory Capital Framework for GSEs

The Federal Housing Finance Agency (FHFA) has published a final rule that amends the Enterprise Regulatory Capital Framework (ERCF) by refining the prescribed leverage...

Heidi Mason Takes on Role of General Counsel for Freddie Mac

Freddie Mac has named Heidi Mason executive vice president and general counsel, bringing 25 years of experience in mortgage lending, financial services, consumer protection...

Fannie Mae Releases New Sale of Reperforming Loans

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