Calabria: GSE Reform Needs to Happen Now, While Housing Market is Strong
Efforts to prepare Fannie Mae and Freddie Mac for their transition out of conservatorship were discussed by Mark Calabria, director of the Federal Housing...
Freddie Mac Promotes Frank Nazzaro to EVP and CIO
Frank Nazzaro is the new executive vice president and chief information officer (CIO) at Freddie Mac.
Nazzaro joined Freddie Mac in 2018 as chief technology...
David Lowman Stepping Down as EVP of Single-Family at Freddie Mac
After six years with the company, David Lowman is stepping down from his position as executive vice president of the single-family business for Freddie...
Treasury, FHFA Set Capital Retention Requirements For Fannie, Freddie
Let the re-capping begin.
The Treasury and the Federal Housing Finance Agency (FHFA) have agreed on how much capital government-sponsored enterprises (GSEs) Fannie Mae and...
Industry to CFPB: Ditch the DTI Ratio Requirement for ATR/QM Rule
A coalition of mortgage lenders and industry associations is pushing the Consumer Financial Protection Bureau (CFPB) to eliminate the debt-to-income (DTI) ratio requirement from...
Administration Seeks to Fast Track GSE Reform
In what would be a major first step toward housing finance reform, the Treasury may end its net-sweep of Fannie Mae and Freddie Mac’s...
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 assets in...
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 step down...
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 - the...
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 pool of...
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.
Through this relationship, any Blend...
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 Agency’s (FHFA)...
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 impose a...
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 in unpaid...
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 a single-close...
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 the development...
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 including both...
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 (UMBS).
The new...
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 unpaid principal...
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 three pools...