Federal Agencies: Lenders Must Implement QC Standards for AVMs
Mortgage lenders and secondary market issuers must implement quality control standards for the automated valuation models (AVMs) they use in valuing homes, as per...
Vice Capital Markets Integrates Fannie Mae Mission Score API Into Trading Portal
Mortgage hedge advisory firm Vice Capital Markets has integrated the Fannie Mae’s Mission Score application programming interface (API) into its trading portal, allowing current...
Fannie Mae Transfers Risk on $8.2 Billion of Single-Family Loans
Fannie Mae recently executed its fifth credit insurance risk transfer transaction of 2024 on $8.2 billion of single-family loans.
The Credit Insurance Risk Transfer (CIRT)...
FHFA, CFPB Update Loan Level Data For Public Use
The Federal Housing Finance Agency (FHFA) and the Consumer Financial Protection Bureau (CFPB) have published updated loan-level data for public use collected through the...
Housing Policy Council Taps Michael Drayne as SVP of Capital Markets
Michael R. Drayne has joined the Housing Policy Council (HPC), a trade association comprised of the leading national mortgage lenders and servicers; mortgage, hazard,...
FHFA Grants Conditional Approval for Freddie Mac to Purchase Second Mortgages
The Federal Housing Finance Agency (FHFA) has granted conditional approval for Freddie Mac to purchase certain single-family closed-end second mortgages as a pilot program.
This...
FHFA Seeks Public Input on the GSEs’ Underserved Markets Plans
The Federal Housing Finance Agency (FHFA) is seeking public feedback on the proposed 2025-2027 Underserved Markets Plans submitted by Fannie Mae and Freddie Mac...
PIMCO is Winning Bidder on Three Pools of Reperforming Loans Auctioned by Fannie Mae
Pacific Investment Management Company LLC (PIMCO) is the winning bidder on three pools of reperforming mortgage loans recently auctioned by Fannie Mae.
Reperforming loans are...
FHFA Announces New CIO, CFO
Luis Campudoni has been named chief information officer for the Federal Housing Finance Agency (FHFA) while Mary Peterman has been named chief financial officer.
Campudoni...
HUD, GSEs to Allow Consumers to Seek Reconsideration of Appraisals
The U.S. Department of Housing and Urban Development (HUD), through the Federal Housing Administration (FHA), and government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac...
FHFA Names Tracy Stephan Chief Artificial Intelligence Officer
Tracy Stephan has been named chief artificial intelligence officer (CAIO) of the Federal Housing Finance Agency (FHFA).
Stephan will continue in her role leading the...
Fannie Mae: Consumers are ‘Adjusting Their Expectations for the Housing Market’
The percentage of U.S. consumers who say it is a good time to buy a home increased to 21% in March, up from 19%...
GSEs’ Loan Forbearance Numbers Continued to Drop in Q4 2023
The Federal Housing Finance Agency’s (FHFA) fourth-quarter 2023 Foreclosure Prevention and Refinance Report shows that Fannie Mae and Freddie Mac completed 43,903 foreclosure prevention...
Freddie Mac Appoints Michael T. Hutchins as Interim CEO
Michael T. Hutchins will serve as the interim CEO for Freddie Mac as the company continues its search for a permanent CEO.
Hutchins also will...
Fannie Mae Taps Peter Akwaboah as EVP and COO
Peter Akwaboah has been appointed executive vice president and chief operating officer of Fannie Mae, effective May 20, 2024.
Akwaboah has nearly three decades of...
Fannie Mae Recognizes 32 Top Performing Mortgage Servicers Through its STAR Program
Fannie Mae has recognized 32 mortgage servicers for competency, capacity, and overall performance through its 2023 Servicer Total Achievement and Rewards (STAR) Program.
The program awards...
Freddie Mac Announces Two New VPs of Seller Engagement
Eric Wilson and Jonathan Kunkle have each been named vice president of seller engagement for Freddie Mac’s single-family division.
Wilson, who will handle the East...
Freddie Mac Offering $2500 Credit to Help Low-Income Homebuyers With Closing Costs
Freddie Mac is offering a $2,500 credit to help with down payment and other closing costs for low-income families looking to purchase a home.
The...
Fannie Mae: Housing Market Will Improve in 2024
Fannie Mae is forecasting that the housing market will gradually improve in 2024, as mortgage rates decrease and home builders ramp up production.
According to...
FHFA Sets New Loan Limits For 2024
Come January 1, the Federal Housing Finance Agency (FHFA) will increase the maximum baseline conforming loan limits for mortgages acquired by Fannie Mae and...