Freddie Mac

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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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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The Housing Market’s ‘Remarkable Comeback’

Even as businesses begin to reopen, the unemployment rate remains a cause for concern among economists. That makes for much fiscal uncertainty. But despite weakness in the labor market, the housing sector remains robust—it has been reported over the past couple weeks, and the Q3 forecast from Freddie Mac, published this week, reinforces as much: … The post The Housing …

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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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