Monday, December 5, 2022

GSEs

FHFA Increases Baseline Conforming Loan Limit for 2023

The Federal Housing Finance Agency (FHFA) has released the conforming loan limit values (CLL) for mortgages to be acquired by Fannie Mae and Freddie...

Last Fannie Mae CIRT Transaction of 2022 Transfers $343 Million of Mortgage Credit Risk

Fannie Mae has executed its eleventh and final Credit Insurance Risk Transfer (CIRT) transaction of 2022. As part of Fannie Mae's ongoing effort to...

Single-Family Credit Risk Transfer Program Protects $136 Billion of Loans in Q3

Freddie Mac’s Single-Family business has reported a Third Quarter 2022 CRT issuance of approximately $4.7 billion for its Credit Risk Transfer (CRT) program, protecting...

FHFA Publicizes 2023 Multifamily Loan Caps at $150 Billion for Fannie Mae, Freddie Mac

The Federal Housing Finance Agency (FHFA) has declared the 2023 multifamily loan purchase caps for Fannie Mae and Freddie Mac will be $75 billion...

Shankar Leading Single-Family Portfolio for Freddie Mac

Ravi Shankar has joined Freddie Mac as senior vice president and head of single-family portfolio and servicing. He brings over three decades of experience...

Fannie Mae Prices $392 Million Multifamily Social DUS REMIC

Fannie Mae has priced a $392 million Multifamily Social DUS REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program. FNA 2022-M2S...

Ginnie Mae Changes Increase Issuer Liquidity to Strengthen Mortgage Sector

Ginnie Mae is shortening the re-pooling seasoning requirement for re-performing loans from six months to three months and allowing issuers the option to pool...

Restora Wins Bid for Latest Fannie Mae Community Impact Pool

The winning bidder for Fannie Mae’s 20th Community Impact Pool (CIP) of non-performing loans is Restora LLC, which is majority owned by Restorative Neighborhood...

FHFA Approves VantageScore 4.0 for Mortgages Delivered to GSEs

The Federal Housing Finance Agency (FHFA) has approved VantageScore’s VantageScore 4.0 for use by Fannie Mae and Freddie Mac (GSEs). It expands the scorable...

Freddie Mac Upgrades Condo Project Advisor for Mortgage Lenders

Freddie Mac has enhanced its Condo Project Advisor to allow lenders of all sizes to easily request an automated project assessment request (PAR) to...

Fannie Mae Wraps Up Latest Credit Insurance Risk Transfer Transaction

Fannie Mae has executed its tenth Credit Insurance Risk Transfer (CIRT) transaction of 2022. CIRT 2022-10 transferred $265 million of mortgage credit risk to...

Freddie Mac Adds Underwriting Capability to Qualify First-Time, Underserved Borrowers

Freddie Mac is increasing homeownership opportunities by including a review of a borrower’s bank account data to identify a history of positive monthly cashflow...

Ginnie Mae MBS Portfolio Finishes Fiscal Year at $2.288 Trillion

Ginnie Mae reports that its mortgage-backed securities (MBS) portfolio outstanding grew for the 15th consecutive month in September, growing to $2.288 trillion, up from...

Fannie Mae Names Winners of Twentieth Non-Performing Loan Sale

The results of Fannie Mae’s twentieth non-performing loan sale transaction included the sale of approximately 5,650 loans totaling $936.9 million in unpaid principal balance...

Fannie Mae Chooses Priscilla Almodovar as CEO

Fannie Mae has appointed Priscilla Almodovar CEO and a member of its board of directors, effective December 5. She will succeed David C. Benson,...

Freddie Mac Verifies Stewart Valuation Intelligence to Support Property Data Report

Stewart Information Services Corp.’s Stewart Valuation Intelligence LLC (SVI) has been verified to support Freddie Mac’s new Property Data Report (PDR) with VALIDITY Pro...

Fannie Mae Completes Ninth CIRT Transaction of 2022

Fannie Mae has executed its ninth Credit Insurance Risk Transfer (CIRT) transaction of 2022. As part of Fannie Mae's ongoing effort to reduce taxpayer...

FHFA Report Shows a Substantial Decrease in Mortgage Refinancing in Q2

The Federal Housing Finance Agency (FHFA) has released its second quarter 2022 Foreclosure Prevention and Refinance Report​, showing that Fannie Mae and Freddie Mac...

Fannie Mae Names Anthony Moon to Oversee Risk Management Unit

Fannie Mae has appointed Anthony Moon as executive vice president and chief risk officer (CRO), effective fourth-quarter 2022. In this role, Moon will be...

Latest Fannie Mae Reperforming Loan Sale Transaction Includes Over 6,000 Loans

The results of Fannie Mae’s twenty-seventh reperforming loan sale transaction, announced on August 11, included the sale of approximately 6,060 loans totaling $986.4 million...