Tuesday, January 28, 2020

GSEs

Fannie Mae Issues $1 Billion CAS REMIC

Fannie Mae has priced its Connecticut Avenue Securities (CAS) Series 2020-R01, a $1.03 billion note offering and the GSE’s first CAS REMIC...

Freddie Mac Launches New Homeownership Education Program

Freddie Mac has launched a new, comprehensive homeownership education course called CreditSmart Homebuyer U - a free, online resource for consumers who...

FHFA: U.S. Home Prices Increased 5% Year-Over-Year in October

U.S. home prices increased 0.2% on an adjusted basis in October compared with September and were up 5.0% compared with October 2018,...

Fannie Mae Closes Out 2019 with Two Major CIRT Deals

Fannie Mae closed out 2019 with two major Credit Insurance Risk Transfer (CIRT) deals - part of the company’s ongoing efforts to...

Fannie Mae: Mortgage Lenders Expect to See Strong Profit Margins in Q4

Mortgage lenders’ profit margin outlook for the next three months remains on solid ground, according to Fannie Mae’s fourth quarter Mortgage Lender...

Common Securitization Solutions Taps Anthony Renzi as CEO

Anthony N. Renzi is the new CEO of Common Securitization Solutions (CSS), a technology firms established jointly by Fannie Mae and Freddie...

FHFA Raises Loan Limits For 2020

Due to rising home prices, the Federal Housing Finance Agency (FHFA) has raised the maximum conforming loan limits for mortgages to be...

FHFA Taps Thaya Knight, Lydia Mashburn For Key Positions

Thaya Knight recently joined the Federal Housing Finance Agency (FHFA) as senior counsel for policy and regulation.In addition, Lydia...

Fannie Mae: U.S. Economy Will Continue to Strengthen in 2020

Despite a potential breakdown in trade talks between the U.S. and China, as well as ongoing political uncertainty abroad, Fannie Mae’s Economic...

FHFA Extends Deadline For Commenting on UMBS Pooling Practices

The Federal Housing Finance Agency (FHFA) has extended the deadline for interested parties to provide input on potential changes to Fannie Mae...

Fannie Mae Sells Another Pool of NPLs

Matawin Ventures XXIX (Tourmalet Advisors) is the winning bidder on a pool of nonperforming mortgage loans (NPLs) recently auctioned by Fannie Mae.

Freddie Mac: Housing Market Remains on Solid Ground

Despite the possibility of an economic slowdown, the housing market appears to be in good shape and mortgage originators should see increased...

Calabria: GSE Reform Needs to Happen Now, While Housing Market is Strong

Efforts to prepare Fannie Mae and Freddie Mac for their transition out of conservatorship were discussed by Mark Calabria, director of the...

Freddie Mac Promotes Frank Nazzaro to EVP and CIO

Frank Nazzaro is the new executive vice president and chief information officer (CIO) at Freddie Mac.Nazzaro joined Freddie...

David Lowman Stepping Down as EVP of Single-Family at Freddie Mac

After six years with the company, David Lowman is stepping down from his position as executive vice president of the single-family business...

Treasury, FHFA Set Capital Retention Requirements For Fannie, Freddie

Let the re-capping begin.The Treasury and the Federal Housing Finance Agency (FHFA) have agreed on how much capital...

Industry to CFPB: Ditch the DTI Ratio Requirement for ATR/QM Rule

A coalition of mortgage lenders and industry associations is pushing the Consumer Financial Protection Bureau (CFPB) to eliminate the debt-to-income (DTI) ratio...

Administration Seeks to Fast Track GSE Reform

In what would be a major first step toward housing finance reform, the Treasury may end its net-sweep of Fannie Mae and...

Fannie Mae Auctioning Portfolio of RPLs with UPB of $5.1 Billion

Fannie Mae seeks to offload 29,600 re-performing loans (RPLs) from its portfolio - part of the company’s ongoing effort to shed riskier...

David Applegate Stepping Down as CEO of CSS

Following the successful implementation of a uniform mortgage backed security for government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, David Applegate will...

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