Tuesday, June 18, 2024

GSEs

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...

Federal Home Loan Bank of New York Elects Larry E. Thompson as Chairman

Larry E. Thompson has been elected chairman of the Federal Home Loan Bank of New York for a two-year term that will commence on...

Retirements Usher in Leadership Changes at Fannie Mae

David C. Benson, president of Fannie Mae, and Jeffery Hayward, chief administrative officer, have announced their retirements, leading to leadership changes at the government-sponsored...

FOMC Opts to Keep Fed Funds Rate Flat For Now

Citing strong economic activity and a low unemployment rate in the third quarter, the Federal Open Market Committee (FOMC) voted Wednesday to maintain the...

Freddie Mac Sells 88 Non-Performing Loans to GITSIT Solutions and VRMTG ACQ

Freddie Mac recently sold 88 non-performing residential first lien loans valued at $19.1 million from its mortgage-related investments portfolio to GITSIT Solutions and VRMTG...

FHFA Takes Further Steps to Reduce Loan Repurchase Requests

The Federal Housing Finance Agency (FHFA) is taking further action to reduce repurchase requests from Fannie Mae and Freddie Mac, which spiked in 2022...

Fannie Mae Selling Pool of Non-Performing Loans with $217.5 Million UPB

Fannie Mae recently announced that it is selling a pool of 1,555 non-performing loans totaling $217.5 million in unpaid principal balance (UPB). This includes a...