Sunday, September 20, 2020

GSEs

Freddie Mac Readies Auction of Non-Performing Loan Pools

Freddie Mac will be conducting an auction of approximately $534 million of seasoned non-performing residential first lien loans held in its mortgage-related...

Share of Mortgages in Forbearance Plans Drops for Ninth Consecutive Week

The share of mortgages in COVID-19-related forbearance plans continued to drop this past week, falling to 7.21% of all loans, down from...

Fannie Mae Selling Portfolio of Reperforming Loans

Fannie Mae is now marketing its 16th sale of reperforming loans: approximately 18,300 mortgages with an unpaid principal balance of approximately $3.4...

Fannie Mae Issues New Green Mortgage-Backed Security Transaction

Fannie Mae has issued its latest Single-Family Green Mortgage-Backed Security transactions under the agency’s Green Bond Program."We are...

FHFA Looking to Formalize GSE Housing Goals for 2021

The Federal Housing Finance Agency (FHFA) has submitted a proposed rule that outlines its 2021 housing goals for government-sponsored enterprises (GSEs) Fannie...

Freddie Mac Prices New RPL Securitization

Freddie Mac has priced its second Seasoned Credit Risk Transfer Trust (SCRT) offering of the year: a securitization of approximately $1.6 billion,...

Freddie Mac Welcomes Homebuilders to Board

Freddie Mac has elected Allan P. Merrill and Paul T. Schumacher to its board of directors, effective Sept. 1, 2020.

CFPB Issues IFR on Loss Mit Options for Recovering Homeowners

The Consumer Financial Protection Bureau has issued an interim final rule (IFR) that will make it easier for consumers to transition out...

GSEs Prevented Nearly 30k Foreclosures in Q1 2020

The Federal Housing Finance Agency (FHFA) has released its first-quarter 2020 Foreclosure Prevention and Refinance Report, which shows that Fannie Mae and...

CFPB Tackles Impending GSE Patch Expiration

The Consumer Financial Protection Bureau (CFPB) has issued two Notices of Proposed Rulemaking (NPRMs) to address the impending expiration of the Government-Sponsored...

Ginnie Mae Loans Continue to Carry Heavy Share of Forbearance

The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey shows that the percentage of loans now in forbearance increased to...

Freddie Mac Appoints New CFO

Freddie Mac has named Christian M. Lown executive vice president and chief financial officer, effective June 15, succeeding Donald F. Kish, who...

FHFA Reviews Trends in GSEs’ Non-Performing Loan Sales

The Federal Housing Finance Agency (FHFA) has released its latest report on the sale of non-performing loans (NPLs) by Fannie Mae and...

Fannie and Freddie Helping Secondary Market with LIBOR Transition

Fannie Mae and Freddie Mac have debuted new websites that provide resources for lenders and investors as the GSEs transition away from...

Fannie Mae Locks Down Pair of CIRT Transactions

Fannie Mae says it has secured commitments for two front-end Credit Insurance Risk Transfer (CIRT) transactions, CIRT FE 2020-1 and CIRT FE...

FHFA: Homeowners in COVID-19-Related Mortgage Forbearance Plans ‘Will Not Be Penalized’

Homeowners whose mortgages are backed by government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac and who have entered into mortgage forbearance plans...

GSEs Take Another Step Toward End of Conservatorship

Fannie Mae and Freddie Mac have initiated their request for proposal (RFP) processes to find a financial advisor that will help move...

FHFA Directs GSEs to Purchase Certain Loans in Forbearance

In a move that will boost liquidity for the mortgage lending market, the Federal Housing Finance Agency (FHFA) has directed government-sponsored enterprises (GSEs)...

FHFA Directs GSEs to Implement Mortgage Assistance For COVID-Impacted Borrowers

The Federal Housing Finance Agency (FHFA) has directed government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac to offer mortgage assistance to borrowers...

Freddie Mac Issues Securitization of Seasoned RPLs

Freddie Mac has priced its first Seasoned Credit Risk Transfer Trust (SCRT) offering of 2020: a securitization of approximately $1.8 billion, including...

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