Thursday, May 6, 2021

GSEs

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...

Common Securitization Solutions Appoints New Chief Risk Officer

Common Securitization Solutions (CSS), a securitization administration service for the financial services industry, is hiring Louis Glinn as its chief risk officer. Through its cloud-based platform,...

Freddie Mac: ‘Many Segments of the Population Are Still Struggling’

Freddie Mac has conducted new research that examines renters’ and homeowners’ concerns about their ability to pay their rent or mortgage during the pandemic, finding...

Freddie Mac Enhances Income Verification Capabilities for Lenders

Freddie Mac says it has integrated Finicity to its Loan Product Advisor (LPA) asset and income modeler (AIM), giving lenders another option when choosing a payroll...

GSE Appoints Board Member Grier Interim CEO

Freddie Mac has named Mark B. Grier as its interim CEO. He joined the Freddie Mac board of directors in February 2020 and will continue to...

Housing Finance Reform: Sen. Toomey Outlines ‘Guiding Principles’

U.S. Senate Banking Committee Ranking Member Pat Toomey, R-Pa., has released a set of “guiding principles” for housing finance reform that builds the framework...

Fannie, Freddie Loans in Forbearance Show Continued Improvement

The Mortgage Bankers Association’s (MBA) latest Forbearance and Call Volume Survey shows that as of March 7, the total number of loans in forbearance...

Fannie Mae Names Policy Experts to Board of Directors

Fannie Mae has appointed Simon Johnson and Christopher J. Brummer to its board of directors, bringing deep expertise to the GSE during a time when the company is...

Fannie and Freddie Extending Key COVID-19 Safeguards

The Federal Housing Finance Agency (FHFA) says Fannie Mae and Freddie Mac have been directed to continue giving important leeway to lenders, servicers and...
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New Positions at Freddie Mac Concentrate on Equity in Housing

Freddie Mac has created two new senior leadership roles in its single-family and multifamily business lines that are dedicated to addressing equity in housing....

Clinton Jones to Assume General Counsel Role at FHFA

The Federal Housing Finance Agency (FHFA) says Clinton Jones has succeeded Alfred Pollard as the agency’s new general counsel. Pollard is retiring from the FHFA...

FHFA Extending Fannie/Freddie Foreclosure Moratoriums

The Federal Housing Finance Agency (FHFA) says Fannie Mae and Freddie Mac will extend the moratoriums on single-family foreclosures and real estate owned (REO)...

FHFA Amends GSEs’ PSPAs So They Can Continue to Retain Capital

The Federal Housing Finance Agency (FHFA) and the U.S. Department of the Treasury (Treasury) have amended Fannie Mae and Freddie Mac’s Preferred Stock Purchase...

FHFA Seeks Feedback on How to Modernize the GSEs’ Appraisal-Related Policies

The Federal Housing Finance Agency (FHFA) is seeking feedback on how best to modernize Fannie Mae and Freddie Mac’s appraisal-related policies. The pandemic and social...

Fannie Mae to Wrap Up Latest Reperforming Loan Sale

Fannie Mae has announced the winning bidders of its recent reperforming loan sale transaction, which included the sale of approximately 6,300 loans totaling $729.6...

FHFA Validates GSEs’ Use of Classic FICO Credit Score Model

The Federal Housing Finance Agency (FHFA) has given Fannie Mae and Freddie Mac the green light to use the Classic FICO credit score model...

FHFA Names Deputy Director for Division of Resolutions

The Federal Housing Finance Agency (FHFA) has named Jason Cave deputy director for the Division of Resolutions (DOR). He replaces DOR head Robert Fishman,...

Sheila Bair to Become Chair of Fannie Mae Board

Sheila C. Bair is succeeding Jonathan Plutzik as chair of Fannie Mae's board of directors on Nov. 20. Plutzik will remain on the board. "Sheila's deep...