Friday, December 3, 2021

GSEs

Fannie Mae Promotes Finance Leaders Chryssa Halley and Jim Holmberg

Fannie Mae has picked Chryssa C. Halley as executive vice president and CFO. In this role, Halley reports to Fannie Mae’s president and is...

FHFA Scores Fannie Mae, Freddie Mac and Common Securitization Solutions

The Federal Housing Finance Agency (FHFA) has released the 2022 Scorecard for Fannie Mae, Freddie Mac and Common Securitization Solutions LLC (CSS). The purpose...

Fannie Mae Reports on Most Recent Reperforming Loan Sale Transaction

Fannie Mae has announced the results of its twenty-third reperforming loan sale transaction. The deal includes the sale of approximately 18,500 loans totaling $2.9...

FHFA Announces Three Top Staff Position Changes

The Federal Housing Finance Agency (FHFA) announced three personnel updates to its executive staff. Charles Yi is joining FHFA as its senior advisor for legal...

ICE Mortgage Technology Platform Helps Lenders with New Industry Rule

ICE Mortgage Technology, part of Intercontinental Exchange Inc., has released additional enhancements to its Encompass platform. The Encompass 21.2 release supports the recently updated...

FHFA Extends COVID-19 REO Eviction Moratorium

Fannie Mae and Freddie Mac are extending the moratorium on single-family real estate owned (REO) evictions until September 30, 2021, the Federal Housing Finance...

FHFA Chooses Phyllis K. Fong as Acting Inspector General

The Federal Housing Finance Agency (FHFA) has named Phyllis K. Fong as its acting inspector general. She will continue to serve as the inspector...

Mauricio Assumes Post As Freddie Mac Chief Compliance Officer

Freddie Mac has named Jerry Mauricio as the company’s senior vice president and chief compliance officer, having served as the GSE’s interim CCO since...

Lendsmart Completes Integration with Freddie Mac Loan Product Advisor

Lendsmart, an AI-driven digital lending platform, has integrated with Freddie Mac Loan Product Advisor, the GSE’s automated underwriting system (AUS). “Lendsmart’s software predicts the credit...

Fannie Mae Announces Results of Latest Non-Performing Loan Sale

Fannie Mae has announced the results of its seventeenth sale of Community Impact Pool (CIP) of non-performing loans, with Great Ajax Operating Partnership LP...

Sandra L. Thompson Named Acting Director of Federal Housing Finance Agency

The Biden administration has appointed Sandra L. Thompson as the acting director of the Federal Housing Finance Agency (FHFA), effective immediately. Since 2013, Thompson​ has...

Performance of Fannie, Freddie Mortgages Improves Across Most Metrics

The Federal Housing Finance Agency’s (FHFA) first-quarter 2021 Foreclosure Prevention and Refinance Report shows that Fannie Mae and Freddie Mac completed 224,646 foreclosure prevention...

Freddie Mac Appoints Musalem to Board of Directors

Alberto G. Musalem, CEO, co-chief investment officer and a founder of Evince Asset Management LP, has been elected to the Freddie Mac board of...

Freddie Mac Prices New SCRT Securitization of Reperforming Loans

Freddie Mac has priced its second Seasoned Credit Risk Transfer Trust (SCRT) offering of 2021: a securitization of approximately $1 billion that includes both...

Freddie Mac Taps Industry Veteran Michael J. DeVito as its New CEO

Michael J. DeVito is the new CEO of Freddie Mac, effective June 1.  Interim CEO Mark B. Grier will resume his duties as a full-time...

FHFA Issues First Report Related to GSE Credit Risk Transfers

The Federal Housing Finance Agency (FHFA) has completed the first phase of a process mandated in 2019 by publishing a report on the performance...

Fannie Mae Completes Reperforming Loan Sale Transaction

Fannie Mae recently wrapped up its most recent reperforming loan sale transaction, which included the sale of approximately 24,600 loans totaling $4.25 billion in unpaid principal...

FHFA Issues Final Rule Mandating Fannie, Freddie ‘Living Wills’

The Federal Housing Finance Agency (FHFA) has published a final rule requiring Fannie Mae and Freddie Mac to develop and release their “living wills”:...

GSEs to Begin Offering New Refinancing Option for Low-Income Borrowers

The Federal Housing Finance Agency (FHFA) says Fannie Mae and Freddie Mac will be rolling out a new refinancing option for low-income borrowers with...

FHFA Reports Solid GSE Performance on Distressed Mortgages

The Federal Housing Finance Agency’s (FHFA) fourth-quarter 2020 Foreclosure Prevention and Refinance Report shows that Fannie Mae and Freddie Mac completed 362,912 foreclosure prevention...