Freddie Mac Adds Underwriting Capability to Qualify First-Time, Underserved Borrowers
Freddie Mac is increasing homeownership opportunities by including a review of a borrower’s bank account data to identify a history of positive monthly cashflow...
Ginnie Mae MBS Portfolio Finishes Fiscal Year at $2.288 Trillion
Ginnie Mae reports that its mortgage-backed securities (MBS) portfolio outstanding grew for the 15th consecutive month in September, growing to $2.288 trillion, up from...
Fannie Mae Names Winners of Twentieth Non-Performing Loan Sale
The results of Fannie Mae’s twentieth non-performing loan sale transaction included the sale of approximately 5,650 loans totaling $936.9 million in unpaid principal balance...
Fannie Mae Chooses Priscilla Almodovar as CEO
Fannie Mae has appointed Priscilla Almodovar CEO and a member of its board of directors, effective December 5. She will succeed David C. Benson,...
Freddie Mac Verifies Stewart Valuation Intelligence to Support Property Data Report
Stewart Information Services Corp.’s Stewart Valuation Intelligence LLC (SVI) has been verified to support Freddie Mac’s new Property Data Report (PDR) with VALIDITY Pro...
Fannie Mae Completes Ninth CIRT Transaction of 2022
Fannie Mae has executed its ninth Credit Insurance Risk Transfer (CIRT) transaction of 2022. As part of Fannie Mae's ongoing effort to reduce taxpayer...
FHFA Report Shows a Substantial Decrease in Mortgage Refinancing in Q2
The Federal Housing Finance Agency (FHFA) has released its second quarter 2022 Foreclosure Prevention and Refinance Report, showing that Fannie Mae and Freddie Mac...
Fannie Mae Names Anthony Moon to Oversee Risk Management Unit
Fannie Mae has appointed Anthony Moon as executive vice president and chief risk officer (CRO), effective fourth-quarter 2022. In this role, Moon will be...
Latest Fannie Mae Reperforming Loan Sale Transaction Includes Over 6,000 Loans
The results of Fannie Mae’s twenty-seventh reperforming loan sale transaction, announced on August 11, included the sale of approximately 6,060 loans totaling $986.4 million...
Freddie Mac Prices $536 Million Securitization as Second SCRT of 2022
Freddie Mac has priced its second Seasoned Credit Risk Transfer Trust (SCRT) offering of 2022, a securitization of approximately $536 million including both guaranteed...
FHFA Reviews Federal Home Loan Bank System
The Federal Housing Finance Agency (FHFA) is conducting a comprehensive review of the Federal Home Loan Bank (FHLBank) system beginning in the fall of...
Q2 2022 Achieves Record Freddie Mac CRT Issuances
Freddie Mac’s Credit Risk Transfer (CRT) program under its single-family business has reported a second quarter 2022 CRT issuance of approximately $6.5 billion, protecting...
Ginnie Mae Mortgage-Backed Securities Portfolio Grows to $2.252 Trillion
Ginnie Mae’s outstanding mortgage-backed securities (MBS) portfolio grew for the 13th consecutive month in July, hitting $2.252 trillion, up from $2.229 trillion in June...
FHFA Creates Affordable, Equitable and Sustainable Housing Advisory Committee
The Federal Housing Finance Agency (FHFA) is establishing a Federal Advisory Committee on Affordable, Equitable and Sustainable Housing. The committee will provide advice and...
Vice Capital Markets Releases New API for Freddie Mac Cash Purchase Statement
Vice Capital Markets, a mortgage hedge advisory firm for independent lenders, banks and credit unions, says it is one of the first Freddie Mac-integrated...
Accurate Group Verified as Freddie Mac ACE+ PDR Software Provider
Appraisal management firm Accurate Group is now verified to support Freddie Mac’s ACE+ PDR (automated collateral evaluation plus property data report) product, giving lenders...
Mr. Cooper Using Freddie Mac Resolve Tool via API
Mr. Cooper says it is the first mortgage servicer to integrate its proprietary system with Freddie Mac’s Resolve default management tool via an application...
Fannie Mae Prices Latest CAS REMIC Transaction at $626 Million
Fannie Mae has priced Connecticut Avenue Securities (CAS) Series 2022-R08, an approximately $626 million note offering that represents Fannie Mae’s eighth CAS REMIC transaction...
Fannie Mae Reperforming Loan Sale Includes Nearly 5,500 Loans to JP Morgan
Fannie Mae’s results for a recent reperforming loan sale of approximately 5,460 loans totaling $663.3 million in unpaid principal balance (UPB) was awarded to...
Dennis Hermonstyne Jr. Leads Compliance Programs at Freddie Mac
Dennis Hermonstyne Jr. is joining Freddie Mac as senior vice president and chief compliance officer (CCO) as of September 19. He brings over 20...