Friday, July 30, 2021

GSEs

Mauricio Assumes Post As Freddie Mac Chief Compliance Officer

Freddie Mac has named Jerry Mauricio as the company’s senior vice president and chief compliance officer, having served as the GSE’s interim CCO since...

Lendsmart Completes Integration with Freddie Mac Loan Product Advisor

Lendsmart, an AI-driven digital lending platform, has integrated with Freddie Mac Loan Product Advisor, the GSE’s automated underwriting system (AUS). “Lendsmart’s software predicts the credit...

Fannie Mae Announces Results of Latest Non-Performing Loan Sale

Fannie Mae has announced the results of its seventeenth sale of Community Impact Pool (CIP) of non-performing loans, with Great Ajax Operating Partnership LP...

Sandra L. Thompson Named Acting Director of Federal Housing Finance Agency

The Biden administration has appointed Sandra L. Thompson as the acting director of the Federal Housing Finance Agency (FHFA), effective immediately. Since 2013, Thompson​ has...

Performance of Fannie, Freddie Mortgages Improves Across Most Metrics

The Federal Housing Finance Agency’s (FHFA) first-quarter 2021 Foreclosure Prevention and Refinance Report shows that Fannie Mae and Freddie Mac completed 224,646 foreclosure prevention...

Freddie Mac Appoints Musalem to Board of Directors

Alberto G. Musalem, CEO, co-chief investment officer and a founder of Evince Asset Management LP, has been elected to the Freddie Mac board of...

Freddie Mac Prices New SCRT Securitization of Reperforming Loans

Freddie Mac has priced its second Seasoned Credit Risk Transfer Trust (SCRT) offering of 2021: a securitization of approximately $1 billion that includes both...

Freddie Mac Taps Industry Veteran Michael J. DeVito as its New CEO

Michael J. DeVito is the new CEO of Freddie Mac, effective June 1.  Interim CEO Mark B. Grier will resume his duties as a full-time...

FHFA Issues First Report Related to GSE Credit Risk Transfers

The Federal Housing Finance Agency (FHFA) has completed the first phase of a process mandated in 2019 by publishing a report on the performance...

Fannie Mae Completes Reperforming Loan Sale Transaction

Fannie Mae recently wrapped up its most recent reperforming loan sale transaction, which included the sale of approximately 24,600 loans totaling $4.25 billion in unpaid principal...

FHFA Issues Final Rule Mandating Fannie, Freddie ‘Living Wills’

The Federal Housing Finance Agency (FHFA) has published a final rule requiring Fannie Mae and Freddie Mac to develop and release their “living wills”:...

GSEs to Begin Offering New Refinancing Option for Low-Income Borrowers

The Federal Housing Finance Agency (FHFA) says Fannie Mae and Freddie Mac will be rolling out a new refinancing option for low-income borrowers with...

FHFA Reports Solid GSE Performance on Distressed Mortgages

The Federal Housing Finance Agency’s (FHFA) fourth-quarter 2020 Foreclosure Prevention and Refinance Report shows that Fannie Mae and Freddie Mac completed 362,912 foreclosure prevention...

Common Securitization Solutions Appoints New Chief Risk Officer

Common Securitization Solutions (CSS), a securitization administration service for the financial services industry, is hiring Louis Glinn as its chief risk officer. Through its cloud-based platform,...

Freddie Mac: ‘Many Segments of the Population Are Still Struggling’

Freddie Mac has conducted new research that examines renters’ and homeowners’ concerns about their ability to pay their rent or mortgage during the pandemic, finding...

Freddie Mac Enhances Income Verification Capabilities for Lenders

Freddie Mac says it has integrated Finicity to its Loan Product Advisor (LPA) asset and income modeler (AIM), giving lenders another option when choosing a payroll...

GSE Appoints Board Member Grier Interim CEO

Freddie Mac has named Mark B. Grier as its interim CEO. He joined the Freddie Mac board of directors in February 2020 and will continue to...

Housing Finance Reform: Sen. Toomey Outlines ‘Guiding Principles’

U.S. Senate Banking Committee Ranking Member Pat Toomey, R-Pa., has released a set of “guiding principles” for housing finance reform that builds the framework...

Fannie, Freddie Loans in Forbearance Show Continued Improvement

The Mortgage Bankers Association’s (MBA) latest Forbearance and Call Volume Survey shows that as of March 7, the total number of loans in forbearance...

Fannie Mae Names Policy Experts to Board of Directors

Fannie Mae has appointed Simon Johnson and Christopher J. Brummer to its board of directors, bringing deep expertise to the GSE during a time when the company is...