Saturday, January 16, 2021

GSEs

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...

CFPB Issues Final Rule Extending the GSE Patch

The Consumer Financial Protection Bureau (CFPB) has issued a final rule to extend the government-sponsored enterprise (GSE) “patch” until the mandatory compliance date of...

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 investments portfolio. The...

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 7.44% the...

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 billion. The...

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 proud to be a driver of...

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 Mae and...

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, including both...

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. Merrill is chairman, president and...

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 of financial...

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 Freddie Mac...

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 Enterprises Patch. The...

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 8.53% as...

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 has served...

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 Freddie Mac,...

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