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...
FHFA Extends Deadline for Feedback on GSEs’ Use of Alternative Credit Scoring Models
The Federal Housing Finance Agency (FHFA) has extended the deadline for feedback on whether government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac should consider...
Senate Bill Would Reverse FHFA Ruling Barring ‘Captive Insurers’ from FHLB Membership
A bipartisan bill introduced in the Senate would reverse a 2016 ruling from the Federal Housing Finance Agency (FHFA) to disallow captive insurance companies...
Freddie Mac Rolls Out ACIS Forward Risk Mitigation
Freddie Mac has expanded its Agency Credit Insurance Structure (ACIS) program with ACIS Forward Risk Mitigation (AFRM), a front-end credit risk transfer (CRT) offering...
To Avoid Treasury Draw, FHFA Reinstates GSEs’ Capital Buffers at $3B Each
In order to avoid a possible taxpayer draw from the U.S. Treasury resulting from changes in the corporate tax code, the Federal Housing Finance...
GSEs Publish Final Underserved Market Plans
As mandated by the Federal Housing Finance Agency (FHFA), government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac have published their final Duty to Serve...
Single-Source Validation: A Key Component of Fannie Mae’s Day One Certainty Program
Fannie Mae has so far added 16 providers of income, asset and employment data to its network of Day One Certainty-approved technology vendors