GSEs

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 Amends GSEs’ PSPAs So They Can Continue to Retain Capital

The Federal Housing Finance Agency (FHFA) and the U.S. Department of the Treasury (Treasury) have amended Fannie Mae and Freddie Mac’s Preferred Stock Purchase Agreements (PSPAs) in order to enable to the government-sponsored enterprises (GSEs) to continue to retain earnings until they satisfy the requirements of the 2020 GSE capital rule. The amendment is a relatively small step in the …

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FHFA Seeks Feedback on How to Modernize the GSEs’ Appraisal-Related Policies

The Federal Housing Finance Agency (FHFA) is seeking feedback on how best to modernize Fannie Mae and Freddie Mac’s appraisal-related policies. The pandemic and social distancing mandates have created increased pressure on the industry make greater use automation and data in the appraisal process. That means increased use of AVMs and exploration of contactless alternatives such as allowing homeowner-provided images …

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Fannie Mae to Wrap Up Latest Reperforming Loan Sale

Fannie Mae has announced the winning bidders of its recent reperforming loan sale transaction, which included the sale of approximately 6,300 loans totaling $729.6 million in unpaid principal balance, divided into three pools. The winning bidders of the three pools for the transaction were DLJ Mortgage Capital Inc. for Pools 1 and 3 and JP Morgan Mortgage Acquisition Corp. for …

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GSEs Report Boosts in Q2 Income

Nonetheless, Fannie and Freddie’s Q2 results show that the pandemic’s impact continues to be felt across several metrics. The post GSEs Report Boosts in Q2 Income appeared first on DSNews.

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