Monday, August 19, 2019

GSEs

Fannie Mae Auctioning Portfolio of RPLs with UPB of $5.1 Billion

Fannie Mae seeks to offload 29,600 re-performing loans (RPLs) from its portfolio - part of the company’s ongoing effort to shed riskier...

David Applegate Stepping Down as CEO of CSS

Following the successful implementation of a uniform mortgage backed security for government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, David Applegate will...

GSEs Postpone Mandatory Use of New URLA Form

Government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac have postponed the deadline for mandatory use of the redesigned Uniform Residential Loan Application...

Freddie Mac Prices $2.2 Billion Securitization of RPLs

Freddie Mac is offering a rated securitization of approximately $2.2 billion including both guaranteed senior and unguaranteed subordinate securities backed by a...

Blend’s Automated Asset Verification Now Available via Freddie Mac’s AIM

Blend’s automated asset verification service is now available through Freddie Mac’s Loan Product Advisor asset and income modeler (AIM) solution.

FHFA: Home Prices Increased 0.1% in May

U.S. home prices increased 0.1% in May compared with April as the rate of appreciation continued to slow, the Federal Housing Finance...

CFPB Plans to Let QM Patch Expire

The Consumer Financial Protection Bureau (CFPB) is planning to allow the controversial QM patch rule expire in January 2021, however, it may...

Fannie Mae Announces Winning Bidders in 12th Reperforming Loan Sale

DLJ Mortgage Capital Inc., Goldman Sachs Mortgage Co. and 510 Model I are the purchasers of approximately 16,500 loans totaling $2.6 billion...

Freddie Mac Launches New Home Renovation Program

Freddie Mac has launched a new home renovation loan program that allows home buyers to also finance the cost of renovations with...

Freddie Mac Launches All For Home

In keeping with its mission to make homeownership more affordable, Freddie Mac has launched a new program, All For Home, that includes...

Freddie Mac Settles its First SLST Securitization of 2019

Freddie Mac has settled its first Seasoned Loans Structured Transaction Trust (SLST) offering of 2019 - a securitization of approximately $1.2 billion...

GSEs Officially Launch Common Security

Government sponsored enterprises Fannie Mae and Freddie Mac are now officially issuing a single common security, dubbed the Uniform Mortgage Backed Security...

Fannie Mae Announces Winning Bidder of Re-Performing Loan Sale

DLJ Mortgage Capital Inc. (Credit Suisse) is the winning bidder on a portfolio of 21,200 re-performing mortgage loans totaling $3.27 billion in...

Freddie Mac Sells $3.7 Million in Non-Performing Loans

InSolve Global Credit Fund IV LP and Elkhorn Depositor are the purchasers of 1,789 non-performing residential first lien loans (NPLs) offered in...

Freddie Mac Prices Second SCRT Deal of 2019

Freddie Mac recently priced its second Seasoned Credit Risk Transfer Trust (SCRT) offering of 2019 - a rated securitization of approximately $2.4...

New Freddie Mac Single-Family Investor Reporting Requirements Coming in May

Get ready for new investor reporting requirements from Freddie Mac.As part of its Investor Reporting Change Initiative...

Fannie Mae: Purchase Volume Will Rise Moderately in 2019

Purchase mortgage origination volume is projected to rise moderately in 2019 compared with 2018, amid flat home sales and slower home price...

Fannie Mae, Freddie Mac Give RoundPoint Mortgage Servicing Green Light to Service E-Notes

RoundPoint Mortgage Servicing Corp. reports that it has been approved by Fannie Mae and Freddie Mac to service and purchase electronic promissory...

Fannie Mae Auctioning $3.3 Billion Pool of RPLs

Fannie Mae recently announced its 11th sale of reperforming loans - a portfolio of approximately 21,400 loans with unpaid principal balance of...

Calabria Takes the Reins as Director of FHFA

Mark Calabria is now officially the director of the Federal Housing Finance Agency (FHFA), following a swearing-in ceremony held Monday, and will...

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