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...
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 billion including...
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 (IRCI), the company will revise its...
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 appreciation, according...
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 notes, or...
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 approximately $3.3...
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 serve a...
Freddie Mac Auctioning $363 Million in Nonperforming Loans
Freddie Mac is auctioning a $363 million portfolio of non-performing loans (NPLs) - part of the company’s ongoing effort to transfer riskier assets from...
Senate Confirms Mark Calabria as Director of the FHFA
Mark Calabria has been confirmed by the Senate and will serve as the next director of the Federal Housing Finance Agency (FHFA).
The 52-44 vote...
Trump Directs Treasury, HUD to Enact Housing Finance Reform
President Trump has signed a presidential memorandum directing the Treasury Department and U.S. Department of Housing and Urban Development, along with other government agencies...
Fannie Mae Appoints Hugh R. Frater as CEO
Hugh R. Frater is the new CEO of Fannie Mae.
Frater has served as interim CEO of the company since October, following the announcement in...
Fannie Mae Hires Terry Theologides as EVP, GC, Corporate Secretary
Stergios "Terry" Theologides has joined Fannie Mae as executive vice president, general counsel, and corporate secretary.
Theologides has more than 20 years of legal and...
Towd Point Master Funding, NRZ Mortgage Holdings Acquire Fannie Mae RPLs
Towd Point Master Funding and NRZ Mortgage Holdings were the winning bidders in Fannie Mae’s most recent re-performing loan sale.
This most recent transaction, which...
GSEs Set to Start Issuing Single Common Security
The infrastructure is in place, testing is complete and government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac are set to start issuing a single...
Freddie Mac Prices $2.1 Billion Securitization of RPLs
Freddie Mac's first Seasoned Credit Risk Transfer Trust (SCRT) offering of 2019 is a rated securitization of approximately $2.1 billion backed by a pool...