With CEO Hugh Frater Retiring, David Benson Named to Lead Fannie Mae
Fannie Mae Board Chair Sheila C. Bair is resigning effective May 1. The board has unanimously elected Michael J. Heid to succeed her. In...
Freddie Mac Tees Up Reperforming Loan Securitization
Freddie Mac has priced its first Seasoned Credit Risk Transfer Trust (SCRT) offering of 2022 – a securitization of approximately $1 billion, including both...
Fannie Mae Prices Latest CAS REMIC Deal
Fannie Mae has priced Connecticut Avenue Securities (CAS) Series 2022-R04, an approximately $1.1 billion note offering that represents Fannie Mae’s fourth CAS REMIC transaction...
FHFA Reports 153,793 Foreclosure Prevention Actions Completed in Q4 2021
The Federal Housing Finance Agency (FHFA) has released its fourth-quarter 2021 Foreclosure Prevention and Refinance Report. The report shows that Fannie Mae and Freddie...
Fannie Mae’s Latest CAS REMIC Deal Priced at $1.2 Billion
Fannie Mae has priced Connecticut Avenue Securities (CAS) Series 2022-R03, an approximately $1.2 billion note offering that represents Fannie Mae's third CAS REMIC transaction...
Fannie Mae Implements CIRT Transactions on $50 Billion of Single-Family Loans
Fannie Mae has executed its second and third Credit Insurance Risk Transfer (CIRT) transactions of 2022. As part of Fannie Mae's ongoing effort to...
Fannie Mae Reperforming Loan Sale Transaction Includes Nearly 8,000 Loans
Fannie Mae’s results of its twenty-fourth reperforming loan sale transaction included the sale of 7,970 loans totaling $1.3 billion in unpaid principal balance (UPB),...
Anderson Joins Fannie Mae as SVP, Chief Diversity and Inclusion Officer
Fannie Mae has appointed Sharifa A. Anderson senior vice president and chief diversity and inclusion (D&I) officer. She will be a member of Fannie...
Fannie Mae’s First CIRT Transaction of 2022 Covers $26 Billion in Loans
Fannie Mae has executed its first Credit Insurance Risk Transfer (CIRT) transaction of 2022. CIRT 2022-1 covers $26.1 billion in unpaid principal balance (UPB)...
Freddie Mac Issued $20 Billion in 2021 to Protect Single-Family Mortgages
The Credit Risk Transfer (CRT) program, part of Freddie Mac's Single-Family business, reports a 2021 CRT issuance of nearly $20 billion, protecting $828.5 billion...
FHFA Amends Enterprise Regulatory Capital Framework for GSEs
The Federal Housing Finance Agency (FHFA) has published a final rule that amends the Enterprise Regulatory Capital Framework (ERCF) by refining the prescribed leverage...
Heidi Mason Takes on Role of General Counsel for Freddie Mac
Freddie Mac has named Heidi Mason executive vice president and general counsel, bringing 25 years of experience in mortgage lending, financial services, consumer protection...
Fannie Mae Releases New Sale of Reperforming Loans
Fannie Mae has begun marketing its twenty-fourth sale of reperforming loans as part of the company's ongoing effort to reduce the size of its...
Fannie Mae Prices First CAS REMIC of 2022
Fannie Mae has priced Connecticut Avenue Securities (CAS) Series 2022-R01, an approximately $1.5 billion note offering that represents Fannie Mae's first CAS REMIC transaction...
FHFA Applying Targeted Increases to Fannie/Freddie Pricing Framework
The Federal Housing Finance Agency (FHFA) is implementing targeted increases to Fannie Mae and Freddie Mac upfront fees for certain high-balance loans and second...
Freddie Mac Single-Family CRT Program Will See Increased Volume in 2022
Freddie Mac’s Single-Family credit risk transfer (CRT) program should see issuance volume of at least $25 billion in 2022, according to the company.
The issuances...
Freddie Mac Expands Green Bond Program
Freddie Mac has released its Single-Family Green Bond Framework under its Single-Family Green Bond Program, supporting the company’s commitment to promote environmentally sustainable single-family...
President Biden Nominates Sandra Thompson for FHFA Director Role
President Joe Biden has announced his intent to nominate Sandra L. Thompson to serve as director of the Federal Housing Finance Agency (FHFA).
Thompson has...
Fannie Mae Attains Milestone with Green MBS Issuance
Fannie Mae has completed the issuance of $100 billion of green multifamily mortgage-backed securities (MBS).
For more than 10 years, the company's flagship multifamily green...
Fannie Mae Promotes Finance Leaders Chryssa Halley and Jim Holmberg
Fannie Mae has picked Chryssa C. Halley as executive vice president and CFO. In this role, Halley reports to Fannie Mae’s president and is...