FHFA Sets Caps on Multifamily Lending For Fannie and Freddie
Multifamily lending caps for Fannie Mae and Freddie Mac have been set at $35 billion for 2019, unchanged from the 2018 caps, the Federal...
Fannie Mae’s CAS Deals Now Utilizing REMIC Structure
In an effort to make the product more attractive to market participants, including real estate investment trust (REIT) investors and international investors, all of...
Freddie Mac Promotes Deborah Jenkins to Head Multifamily Business
Deborah Jenkins has been promoted to executive vice president in charge of Freddie Mac’s multifamily business, effective immediately.
Jenkins is also now a member of...
Fannie Mae Auctions Another Pool of Nonperforming Loans
VRMTG ACQ (VWH Capital Management LP), a minority woman owned business, is the winning bidder on a pool of nonperforming loans (NPLs) recently auctioned...
MTGLQ Investors Buys $1.88B in NPLs from Fannie Mae, $4.4B RPL Sale Announced
MTGLQ Investors LP, a Goldman Sachs subsidiary, is the winning bidder on five pools of nonperforming loans (NPLs) totaling $1.88 billion in unpaid principal...
Fannie Mae Selects Hugh Frater to Serve as Interim CEO
Hugh R. Frater will serve as interim CEO at Fannie Mae starting on October 16.
Frater succeeds Timothy J. Mayopoulos, who announced his resignation in July.
Frater...
Fannie Mae Promotes John Forlines to SVP and Chief Risk Officer
John Forlines has been promoted to senior vice president and chief risk officer (CRO) at Fannie Mae.
Forlines has been interim CRO since March 2018....
Freddie Mac Now Using DocMagic’s E-Vault Technology
Freddie Mac has implemented DocMagic’s SaaS-based e-vault technology and SmartREGISTRY platform.
DocMagic’s e-vault provides safe and secure storage for sensitive loan documents. It also automatically parses and...
Bipartisan Proposal to ‘Restart the Much-Needed Dialogue’ on GSE Reform
Seeking to “restart the much-needed dialogue around housing finance reform,” U.S. Rep. Jeb Hensarling (R-Texas), chairman of the House Committee on Financial Services, along...
Tim Mayopoulos Stepping Down as CEO of Fannie Mae
Timothy J. Mayopoulos is stepping down as CEO of government-sponsored enterprise Fannie Mae by the end of the year, the company announced Monday.
David Benson...
FHFA Cancels Plan to Explore Use of Alternative Credit Scoring Models by GSEs
Due to the implementation of the Economic Growth, Regulatory Relief, and Consumer Protection Act (S.2155) in May, the Federal Housing Finance Agency (FHFA) has for...
Trump Administration Advances Plan for Housing Finance Reform
The Trump Administration on Thursday introduced a housing finance reform plan that - similar to past proposals - would lessen the government's footprint in...
Fannie Mae Announces Seventh Reperforming Loan Sale
Fannie Mae is auctioning a portfolio of approximately 27,000 reperforming mortgage loans (RPLs) with total unpaid principal balance (UPB) of approximately $6.17 billion.
This is...
FHFA Seeks Feedback on Proposed Capital Reserve Structure For Fannie, Freddie
How much capital should government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac have in their reserves in order to adequately protect taxpayers from a...
Freddie Mac Hires John Krenitsky as SVP and Chief Compliance Officer
John Krenitsky has joined Freddie Mac as senior vice president and chief compliance officer.
Krenitsky has more than two decades of experience in the global...
Veros, IDS Deliver Integrated Solution for GSEs’ UCD Data Submissions
Veros Real Estate Solutions, a developer of enterprise risk management, collateral valuation, and predictive analytics services, and mortgage document preparation vendor International Document Services Inc. (IDS)...
Cloudvirga Delivers Single-Click, Dual-AUS Submission of Loan Data
Mortgage point-of-sale (POS) software provider Cloudvirga recently launched single-click submission of loan data to Freddie Mac’s and Fannie Mae’s automated underwriting systems.
The dual-AUS submission...
Fannie Mae Sells Two Reperforming Loan Pools with Aggregate UPB of $1.96 Billion
NRZ Mortgage Holdings LLC (Fortress) and Towd Point Master Funding LLC (RMBS Cerberus) are the winning bidders on two separate pools of reperforming mortgage...
Freddie Mac Needs Treasury Draw of About $300 Million
Government-sponsored enterprise Freddie Mac will require a Treasury draw of about $300 million in order to cover losses it incurred in the fourth quarter...
Fannie Mae Will Require Treasury Draw of About $3.7 Billion
Government-sponsored enterprise Fannie Mae saw a fourth quarter net loss of $6.5 billion and will require an infusion of capital from the U.S. Treasury...