Freddie Mac Offering $2500 Credit to Help Low-Income Homebuyers With Closing Costs
Freddie Mac is offering a $2,500 credit to help with down payment and other closing costs for low-income families looking to purchase a home.
The...
Fannie Mae: Housing Market Will Improve in 2024
Fannie Mae is forecasting that the housing market will gradually improve in 2024, as mortgage rates decrease and home builders ramp up production.
According to...
FHFA Sets New Loan Limits For 2024
Come January 1, the Federal Housing Finance Agency (FHFA) will increase the maximum baseline conforming loan limits for mortgages acquired by Fannie Mae and...
Federal Home Loan Bank of New York Elects Larry E. Thompson as Chairman
Larry E. Thompson has been elected chairman of the Federal Home Loan Bank of New York for a two-year term that will commence on...
Retirements Usher in Leadership Changes at Fannie Mae
David C. Benson, president of Fannie Mae, and Jeffery Hayward, chief administrative officer, have announced their retirements, leading to leadership changes at the government-sponsored...
FOMC Opts to Keep Fed Funds Rate Flat For Now
Citing strong economic activity and a low unemployment rate in the third quarter, the Federal Open Market Committee (FOMC) voted Wednesday to maintain the...
Freddie Mac Sells 88 Non-Performing Loans to GITSIT Solutions and VRMTG ACQ
Freddie Mac recently sold 88 non-performing residential first lien loans valued at $19.1 million from its mortgage-related investments portfolio to GITSIT Solutions and VRMTG...
FHFA Takes Further Steps to Reduce Loan Repurchase Requests
The Federal Housing Finance Agency (FHFA) is taking further action to reduce repurchase requests from Fannie Mae and Freddie Mac, which spiked in 2022...
Fannie Mae Selling Pool of Non-Performing Loans with $217.5 Million UPB
Fannie Mae recently announced that it is selling a pool of 1,555 non-performing loans totaling $217.5 million in unpaid principal balance (UPB).
This includes a...
Fannie Mae Continues Efforts to Close Latino Homeownership Gap
According to a recent study conducted by the Urban Institute, 70% of net-new homeowners between 2020 and 2040 will be Hispanic/Latino, and this demographic...
Freddie Mac Auctions Off $586 Million in NPLS
Freddie Mac has sold via auction 3,564 non-performing residential first lien loans (NPLs) from its mortgage-related investments portfolio. Specialized Loan Servicing LLC, Select Portfolio...
Fannie Mae Names Most Recent NPL Loan Sale Winner
Fannie Mae has announced the results of its twenty-first non-performing loan (NPL) sale transaction. The deal, announced on August 10, included the sale of...
Fannie Mae Opens Latest Sale of Reperforming Loans
Fannie Mae has begun marketing its thirtieth sale of reperforming loans as part of its ongoing effort to reduce the size of its retained...
Ginnie Mae MBS Portfolio Hits $2.458 Trillion in August
In August, Ginnie Mae’s mortgage-backed securities (MBS) portfolio outstanding grew to $2.458 trillion – including $38.1 billion of total MBS issuance, leading to $18...
FHFA Continues Conversation About Credit Scores, Reporting for Fannie/Freddie Mortgages
The Federal Housing Finance Agency (FHFA) has announced additional opportunities for ongoing public engagement to facilitate the transition to updated credit score models and...
Nexus Nova Earns Fannie Mae Master Servicing Approval
MSR investing platform Nexus Nova LLC, a subsidiary of Minneapolis-based private investment firm Rice Park Capital Management LP, has received Fannie Mae master servicing...
Fannie Mae: Sale of Reperforming Loans Begins
Fannie Mae has begun marketing its twenty-ninth sale of reperforming loans as part of the company's ongoing effort to reduce the size of its...
Freddie Mac Prices About $471 Million Securitization of RPLs
Freddie Mac has priced its first Seasoned Credit Risk Transfer Trust (SCRT) offering of 2023 – a securitization of approximately $471 million including both...
Fannie Mae GeMS Issuance: $641 Million Multifamily Social DUS REMIC
Fannie Mae priced a $641 million Multifamily Social DUS REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program on July 21;...
Freddie Mac Debuts Financial Education Tools in Spanish
In an effort to increase knowledge about building, maintaining and using credit, Freddie Mac has launched a Spanish version of its CreditSmart Essentials free...