Sheila Bair to Become Chair of Fannie Mae Board
Sheila C. Bair is succeeding Jonathan Plutzik as chair of Fannie Mae's board of directors on Nov. 20.
Plutzik will remain on the board.
"Sheila's deep...
CFPB Issues Final Rule Extending the GSE Patch
The Consumer Financial Protection Bureau (CFPB) has issued a final rule to extend the government-sponsored enterprise (GSE) “patch” until the mandatory compliance date of...
Freddie Mac Readies Auction of Non-Performing Loan Pools
Freddie Mac will be conducting an auction of approximately $534 million of seasoned non-performing residential first lien loans held in its mortgage-related investments portfolio.
The...
Share of Mortgages in Forbearance Plans Drops for Ninth Consecutive Week
The share of mortgages in COVID-19-related forbearance plans continued to drop this past week, falling to 7.21% of all loans, down from 7.44% the...
Fannie Mae Selling Portfolio of Reperforming Loans
Fannie Mae is now marketing its 16th sale of reperforming loans: approximately 18,300 mortgages with an unpaid principal balance of approximately $3.4 billion. The...
Fannie Mae Issues New Green Mortgage-Backed Security Transaction
Fannie Mae has issued its latest Single-Family Green Mortgage-Backed Security transactions under the agency’s Green Bond Program.
"We are proud to be a driver of...
FHFA Looking to Formalize GSE Housing Goals for 2021
The Federal Housing Finance Agency (FHFA) has submitted a proposed rule that outlines its 2021 housing goals for government-sponsored enterprises (GSEs) Fannie Mae and...
Freddie Mac Prices New RPL Securitization
Freddie Mac has priced its second Seasoned Credit Risk Transfer Trust (SCRT) offering of the year: a securitization of approximately $1.6 billion, including both...
Freddie Mac Welcomes Homebuilders to Board
Freddie Mac has elected Allan P. Merrill and Paul T. Schumacher to its board of directors, effective Sept. 1, 2020.
Merrill is chairman, president and...
CFPB Issues IFR on Loss Mit Options for Recovering Homeowners
The Consumer Financial Protection Bureau has issued an interim final rule (IFR) that will make it easier for consumers to transition out of financial...
GSEs Prevented Nearly 30k Foreclosures in Q1 2020
The Federal Housing Finance Agency (FHFA) has released its first-quarter 2020 Foreclosure Prevention and Refinance Report, which shows that Fannie Mae and Freddie Mac...
CFPB Tackles Impending GSE Patch Expiration
The Consumer Financial Protection Bureau (CFPB) has issued two Notices of Proposed Rulemaking (NPRMs) to address the impending expiration of the Government-Sponsored Enterprises Patch.
The...
Ginnie Mae Loans Continue to Carry Heavy Share of Forbearance
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey shows that the percentage of loans now in forbearance increased to 8.53% as...
Freddie Mac Appoints New CFO
Freddie Mac has named Christian M. Lown executive vice president and chief financial officer, effective June 15, succeeding Donald F. Kish, who has served...
FHFA Reviews Trends in GSEs’ Non-Performing Loan Sales
The Federal Housing Finance Agency (FHFA) has released its latest report on the sale of non-performing loans (NPLs) by Fannie Mae and Freddie Mac,...
Fannie and Freddie Helping Secondary Market with LIBOR Transition
Fannie Mae and Freddie Mac have debuted new websites that provide resources for lenders and investors as the GSEs transition away from the London...
Fannie Mae Locks Down Pair of CIRT Transactions
Fannie Mae says it has secured commitments for two front-end Credit Insurance Risk Transfer (CIRT) transactions, CIRT FE 2020-1 and CIRT FE 2020-2, that...
FHFA: Homeowners in COVID-19-Related Mortgage Forbearance Plans ‘Will Not Be Penalized’
Homeowners whose mortgages are backed by government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac and who have entered into mortgage forbearance plans as a...
GSEs Take Another Step Toward End of Conservatorship
Fannie Mae and Freddie Mac have initiated their request for proposal (RFP) processes to find a financial advisor that will help move the GSEs...
FHFA Directs GSEs to Purchase Certain Loans in Forbearance
In a move that will boost liquidity for the mortgage lending market, the Federal Housing Finance Agency (FHFA) has directed government-sponsored enterprises (GSEs) Fannie Mae...