Fannie Mae Announces Seventh Reperforming Loan Sale
Fannie Mae is auctioning a portfolio of approximately 27,000 reperforming mortgage loans (RPLs) with total unpaid principal balance (UPB) of approximately $6.17 billion. This is...
FHFA Seeks Feedback on Proposed Capital Reserve Structure For Fannie, Freddie
How much capital should government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac have in their reserves in order to adequately protect taxpayers from a...
Freddie Mac Hires John Krenitsky as SVP and Chief Compliance Officer
John Krenitsky has joined Freddie Mac as senior vice president and chief compliance officer. Krenitsky has more than two decades of experience in the global...
Veros, IDS Deliver Integrated Solution for GSEs’ UCD Data Submissions
Veros Real Estate Solutions, a developer of enterprise risk management, collateral valuation, and predictive analytics services, and mortgage document preparation vendor International Document Services Inc. (IDS)...
Cloudvirga Delivers Single-Click, Dual-AUS Submission of Loan Data
Mortgage point-of-sale (POS) software provider Cloudvirga recently launched single-click submission of loan data to Freddie Mac’s and Fannie Mae’s automated underwriting systems. The dual-AUS submission...
Fannie Mae Sells Two Reperforming Loan Pools with Aggregate UPB of $1.96 Billion
NRZ Mortgage Holdings LLC (Fortress) and Towd Point Master Funding LLC (RMBS Cerberus) are the winning bidders on two separate pools of reperforming mortgage...
Freddie Mac Needs Treasury Draw of About $300 Million
Government-sponsored enterprise Freddie Mac will require a Treasury draw of about $300 million in order to cover losses it incurred in the fourth quarter...
Fannie Mae Will Require Treasury Draw of About $3.7 Billion
Government-sponsored enterprise Fannie Mae saw a fourth quarter net loss of $6.5 billion and will require an infusion of capital from the U.S. Treasury...
FHFA Extends Deadline for Feedback on GSEs’ Use of Alternative Credit Scoring Models
The Federal Housing Finance Agency (FHFA) has extended the deadline for feedback on whether government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac should consider...
Senate Bill Would Reverse FHFA Ruling Barring ‘Captive Insurers’ from FHLB Membership
A bipartisan bill introduced in the Senate would reverse a 2016 ruling from the Federal Housing Finance Agency (FHFA) to disallow captive insurance companies...
Freddie Mac Rolls Out ACIS Forward Risk Mitigation
Freddie Mac has expanded its Agency Credit Insurance Structure (ACIS) program with ACIS Forward Risk Mitigation (AFRM), a front-end credit risk transfer (CRT) offering...
To Avoid Treasury Draw, FHFA Reinstates GSEs’ Capital Buffers at $3B Each
In order to avoid a possible taxpayer draw from the U.S. Treasury resulting from changes in the corporate tax code, the Federal Housing Finance...
GSEs Publish Final Underserved Market Plans
As mandated by the Federal Housing Finance Agency (FHFA), government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac have published their final Duty to Serve...
Single-Source Validation: A Key Component of Fannie Mae’s Day One Certainty Program
Fannie Mae has so far added 16 providers of income, asset and employment data to its network of Day One Certainty-approved technology vendors
New 30-Year Loan Program for Manufactured Homes Launched in New Hampshire
New Hampshire is one of the first states to pass legislation recognizing manufactured homes located in resident-owned communities as real property.
Freddie Mac Provides New CRT Pricing Disclosures
Freddie Mac says it is making available pricing and deal terms for all Agency Credit Insurance Structure (ACIS) and Whole Loan Securities (WLS) transactions...
GSEs Remind Servicers of Forbearance Guidelines for Disaster Victims
Fannie Mae and Freddie Mac have issued reminders to its mortgage servicers that concern borrowers in the Gulf Coast area whose homes may have...
GSE Rolling Out Automated Collateral Evaluation on September 1
Freddie Mac says it is now offering its automated collateral evaluation (ACE) service to consumers who are buying homes or refinancing existing mortgage loans....
OFHEO: GSE Loan Limit To Remain Unchanged
The Office of Federal Housing Enterprise Oversight (OFHEO) announced the maximum 2008 conforming loan limit for single-family mortgages purchased by Fannie Mae and Freddie...
