Fannie Mae

FHFA Extending Fannie/Freddie Foreclosure Moratoriums

The Federal Housing Finance Agency (FHFA) says Fannie Mae and Freddie Mac will extend the moratoriums on single-family foreclosures and real estate owned (REO) evictions until February 28, 2021. The foreclosure moratorium applies to GSE-backed, single-family mortgages only. The REO eviction moratorium applies to properties that have been acquired by Fannie or Freddie through foreclosure or deed-in-lieu of foreclosure transactions. …

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FHFA: GSEs can’t exit conservatorship on retained earnings

The Federal Housing Finance Agency and the U.S. Department of the Treasury announced an agreement Thursday that would allow Fannie Mae and Freddie Mac to retain more of their earnings, but now the FHFA is saying this money alone will not be enough to remove the mortgage giants from conservatorship. “Today’s agreement that allows Fannie Mae and Freddie Mac to …

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FREE Webinar: Fannie Mae Q4 2020 Appraisal Update

On Wednesday, December 9, 2020, McKissock Learning is hosting a FREE one-hour, non-credit Pro-Series webinar titled “Fannie Mae Q4 2020 Appraisal Update.” In this special interactive webinar, knowledgeable presenters from Fannie Mae’s Collateral Policy Team will share the latest policy updates impacting appraisers, share insight about appraisal quality and how it is measured by Collateral Underwriter® (CU), and dispel some …

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FHFA Announces Milestone Toward Ending Conservatorships

The Federal Housing Finance Agency (FHFA) released a final rule to the Federal Register for publication today that establishes a new regulatory capital framework for Fannie Mae and Freddie Mac, also known as the Enterprises. The final rule makes changes to the proposed rule that was published in the Federal Register on June 30 of … The post FHFA Announces …

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Meet the New Chair of Fannie Mae’s Board of Directors

  Fannie Mae announced on Wednesday that Sheila C. Bair will take on the role of Chair of Fannie Mae’s Board of Directors. The Board unanimously passed a resolution appointing her Chair on October 28, and Bair will be starting her new role on November 20. She succeeds Jonathan Plutzik, who will remain on the … The post Meet the New …

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How Fannie Mae Has Maintained Property Preservation Activities During COVID-19

Speaking at this week’s virtual 2020 National Property Preservation Conference, Jacob Williamson, VP for Single-Family Collateral Risk Management at Fannie Mae, offered insight into how the housing finance company has managed property preservation amid the COVID-19 pandemic.     When COVID-19 shelter-in-place protocols were introduced this year, vendors and servicers maintaining properties faced major challenges.   “We’ve observed a tremendous response by our property preservation vendors and our servicing partners to keep property preservation activities … The post How Fannie …

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Policy on Single-family Mortgages in Forbearance Receives Extension

The Federal Housing Finance Agency (FHFA) has announced a one-month extension of its temporary policy of allowing the purchase of certain single-family mortgages in forbearance that meet specific eligibility criteria as set by Fannie Mae and Freddie Mac. The policy, which covered loans originated through Oct. 31, will now encompass loan originations through Nov. 30. … The post Policy on …

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