FHFA Seeks Input on Use of Alternative Credit Score Models
The Federal Housing Finance Agency (FHFA) is back to exploring the use of third-party credit score models to be used by Fannie Mae and...
Trump Picks Calabria to Head Federal Housing Finance Agency
President Donald Trump on Tuesday announced his intent to nominate Mark Calabria - who currently serves as chief economist for Vice President Mike Pence...
GSEs Sold More than $18 Billion in NPLs in First Half of 2018
Government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac sold 98,061 non-performing loans (NPLs) with a total unpaid principal balance (UPB) of $18.7 billion in...
Freddie Mac Rolls Out New Loan Program for Manufactured Housing
Freddie Mac is piloting a new conventional loan program for manufactured housing.The company’s new CHOICEHome program aims to help increase the availability of the...
FHFA Raises Loan Limits For Mortgages to be Acquired by Fannie, Freddie
In reaction to rising home prices, the Federal Housing Finance Agency (FHFA) has raised the loan limits for mortgages to be acquired by Fannie...
HARP-Eligible Pool Shrinks to Below 40,000 as Refinance Volume Falls
Rising mortgage rates significantly drove down refinance volume in the third quarter, data from the Federal Housing Finance Agency (FHFA), regulator of government-sponsored enterprises...
Testing of New Common Security for GSEs Now Underway
The Federal Housing Finance Agency (FHFA) reports that it is making progress with its plan to develop a single common security for government-sponsored enterprises...
Fannie Mae Announces Winning Bidder on Five Pools of Reperforming Loans
DLJ Mortgage Capital Inc. (Credit Suisse) is the winning bidder on five pools of reperforming loans recently auctioned by Fannie Mae.The deal, which is expected to...
Freddie Mac Prices Fourth SCRT Offering For This Year
Freddie Mac has priced its fourth Seasoned Credit Risk Transfer Trust (SCRT) offering of 2018; a rated securitization of approximately $1.95 billion of both...
FHFA Sets Caps on Multifamily Lending For Fannie and Freddie
Multifamily lending caps for Fannie Mae and Freddie Mac have been set at $35 billion for 2019, unchanged from the 2018 caps, the Federal...
Fannie Mae’s CAS Deals Now Utilizing REMIC Structure
In an effort to make the product more attractive to market participants, including real estate investment trust (REIT) investors and international investors, all of...
Freddie Mac Promotes Deborah Jenkins to Head Multifamily Business
Deborah Jenkins has been promoted to executive vice president in charge of Freddie Mac’s multifamily business, effective immediately.Jenkins is also now a member of...
Fannie Mae Auctions Another Pool of Nonperforming Loans
VRMTG ACQ (VWH Capital Management LP), a minority woman owned business, is the winning bidder on a pool of nonperforming loans (NPLs) recently auctioned...
MTGLQ Investors Buys $1.88B in NPLs from Fannie Mae, $4.4B RPL Sale Announced
MTGLQ Investors LP, a Goldman Sachs subsidiary, is the winning bidder on five pools of nonperforming loans (NPLs) totaling $1.88 billion in unpaid principal...
Fannie Mae Selects Hugh Frater to Serve as Interim CEO
Hugh R. Frater will serve as interim CEO at Fannie Mae starting on October 16.Frater succeeds Timothy J. Mayopoulos, who announced his resignation in July.Frater...
Fannie Mae Promotes John Forlines to SVP and Chief Risk Officer
John Forlines has been promoted to senior vice president and chief risk officer (CRO) at Fannie Mae.Forlines has been interim CRO since March 2018....
Freddie Mac Now Using DocMagic’s E-Vault Technology
Freddie Mac has implemented DocMagic’s SaaS-based e-vault technology and SmartREGISTRY platform.DocMagic’s e-vault provides safe and secure storage for sensitive loan documents. It also automatically parses and...
Bipartisan Proposal to ‘Restart the Much-Needed Dialogue’ on GSE Reform
Seeking to “restart the much-needed dialogue around housing finance reform,” U.S. Rep. Jeb Hensarling (R-Texas), chairman of the House Committee on Financial Services, along...
Tim Mayopoulos Stepping Down as CEO of Fannie Mae
Timothy J. Mayopoulos is stepping down as CEO of government-sponsored enterprise Fannie Mae by the end of the year, the company announced Monday.David Benson...
FHFA Cancels Plan to Explore Use of Alternative Credit Scoring Models by GSEs
Due to the implementation of the Economic Growth, Regulatory Relief, and Consumer Protection Act (S.2155) in May, the Federal Housing Finance Agency (FHFA) has for...
