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...
Freddie Mac Introduces New Solution Geared for Self-Employed Borrowers
In keeping with its “aim” of helping mortgage lenders target the underserved, Freddie Mac has introduced AIM (income and asset modeler) For Self-Employed, a...
Fannie Mae Announces Second CAS CRT Deal of the Year
Fannie Mae priced its second credit risk transfer (CRT) transaction of the year, a $1 billion note offering consisting of more than 107,000 single-family...
OIG Report Finds that Former FHFA Director Watt Acted Inappropriately
An investigation by the Office of the Inspector General (OIG) for the Federal Housing Finance Agency (FHFA) into allegations of sexual harassment against former...
Fannie Mae Selling $3.1B Pool of Re-Performing Mortgages
Fannie Mae is auctioning a portfolio of 15,100 re-performing mortgage loans with unpaid principal balance of approximately $3.01 billion.
Re-performing loans are mortgages that were...
NAR Introduces Plan to Re-Charter GSEs as ‘Publicly Regulated Private Utilities’
Adding to the recent buzz around housing finance reform, the National Association of Realtors (NAR) has introduced its own proposal for transitioning government-sponsored enterprises...
Trump Administration Pushing for GSE Reform
Housing finance reform may soon be back on the table in Congress, as Senate Banking Committee Chairman Mike Crapo (R-Idaho) on Friday released a rough...
Freddie Mac’s Home Possible Program Hits Key Milestone
Freddie Mac recently announced a key milestone: Its Home Possible mortgage origination program has exceeded $50 billion in home mortgages since its launch in...
Freddie Mac Appoints Ricardo Anzaldua as General Counsel and Corporate Secretary
Ricardo A. Anzaldua, executive vice president of Freddie Mac, has been appointed general counsel and corporate secretary, succeeding William H. McDavid, who retired this...
Freddie Mac Obtains New Insurance Policies For ACIS Program
Freddie Mac reports that it has obtained two new insurance policies under its Agency Credit Insurance Structure (ACIS) program that collectively total approximately $618...
Trump Administration Picks OCC Chief Joseph Otting as Interim Director of FHFA
Joseph Otting, the current Comptroller of the Currency, is the Trump Administration’s pick to serve as acting director of the Federal Housing Finance Agency...
Tranched Multifamily CIRT Deal a First For Fannie Mae
Fannie Mae recently completed its first tranched multifamily credit risk sharing transaction - a pool of approximately $10.9 billion of existing multifamily loans.
It was...