FHFA

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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FHFA’s Strategic Plan Focuses on Post-Conservatorship Years

The Federal Housing Finance Agency (FHFA) has released an updated strategic plan that envisioned a path for ending the conservatorships of Fannie Mae and Freddie Mac that have been in place since September 2008. According to a statement issued by the agency, “FHFA Strategic Plan: Fiscal Years 2021-2024” formalizes the direction of the FHFA and … The post FHFA’s Strategic …

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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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Industry Leaders Address Racism, Refi Fee, and Lending Technology

Representatives from organizations including FHFA, FHA, GSEs, and HUD all spoke during a virtual event this week by the Mortgage Bankers Association (MBA). See remarks from FHFA’s Mark Calabria, here.   The facilitator of  a virtual event Tuesday said, during a GSE panel, that “collective action is going to be what moves us forward.” That was … The post Industry Leaders …

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Director Discusses FHFA’s ‘Swift’ COVID-19 Response

FHFA Director Mark Calabria spoke Monday at a virtual event, where his session focused on the agency’s current priorities. Calabria used his allotted time at a Mortgage Bankers Association (MBA) event to outline steps the FHFA has taken to protect borrowers and renters during the COVID-19 pandemic. He also announced a new FHFA rule, which, … The post Director Discusses …

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FHFA Releases Latest Mortgage Relief Numbers

The Federal Housing Finance Agency (FHFA) Thursday released its Q2 Foreclosure Prevention and Refinance Report. The report shows Fannie Mae and Freddie Mac, since the 2008 start of conservatorship, completed 252,014 foreclosure prevention actions. Overall, that brings the number of “troubled homeowners who have been helped” to 4.68 million, FHFA reported. The Agency said that … The post FHFA Releases …

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Reaction to Fannie and Freddie’s New Refinancing Fee

GSEs Fannie Mae and Freddie Mac announced last week that they are raising fees for lenders on all mortgage refinances by 0.5%, an effort, the enterprises say, to protect themselves from losses on their refinanced mortgages given today’s pandemic-related low interest rates. “As a result of risk management and loss forecasting precipitated by COVID-19 related economic and … The post Reaction to …

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Preparing for the End of Forbearance

Editor’s note: This piece originally appeared in the August 2020 edition of DS News, now available. It’s not too late for mortgage servicers to prepare for the next pandemic-driven event—a likely rise in loan modifications and loss mitigation requests. Charles Dickens and Mark Twain may have been contemporaries, but they sure didn’t see eye to … The post Preparing for …

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