Fannie, Freddie 2021 Affordable Housing Goals to Remain Unchanged
The Federal Housing Finance Agency yesterday announced Fannie Mae and Freddie Mac’s 2021 affordable housing goals would remain the same as during the 2018-2020 period.
Browsing: Mortgage
FHFA: Fannie, Freddie Sold More than 128,000 Nonperforming Loans Since 2014
Fannie Mae and Freddie Mac have sold 128,471 nonperforming loans as of June 30, 2020,…
ABA, Groups Urge Locking in Reforms Before GSE Conservatorships End
The American Bankers Association and several housing industry groups urged the Department of Treasury yesterday to ensure that reforms for Fannie Mae and Freddie Mac are locked in before conservatorship ends for the government sponsored enterprises.
CFPB Finalizes Changes to QM Standard, Creates ‘Seasoned QM’ Category
The Consumer Financial Protection Bureau today wrapped up its efforts to revise the Qualified Mortgage standard by issuing final rules defining both the general QM category and a “seasoned” QM standard for certain portfolio loans.
Bowman: Nonbank Mortgage Regulatory Framework Needs Work
Federal Reserve Governor Michelle Bowman said in a speech today that regulators need to revisit the regulatory framework for nonbank mortgage lenders.
FHFA Finalizes Changes to GSE Capital Framework
In an important step toward facilitating the exit of Fannie Mae and Freddie Mac from conservatorship, the Federal Housing Finance Agency today finalized its regulatory capital framework for the GSEs.
FHFA Issues 2020 Performance, Accountability Report
The Federal Housing Finance Agency today released its annual performance and accountability report for 2020. The report focused on the agency’s efforts to meet three strategic goals, including: ensuring that the entities it oversees operate in a safe and sound manner, managing Fannie Mae and Freddie Mac’s conservatorships, and fostering liquid, stable and accessible national housing finance markets.
ABA, Industry Groups Launch Awareness Campaign for Struggling Mortgage Borrowers
With some Americans experiencing difficulties paying their mortgage due to COVID-19, the American Bankers Association yesterday joined a broad coalition of mortgage industry stakeholders and consumer groups to launch a new national campaign to help raise awareness about consumers’ forbearance options.
FHFA Validates Classic FICO for Fannie Mae, Freddie Mac
The Federal Housing Finance Agency said today it has validated and approved the use of the classic FICO credit score model by Fannie Mae and Freddie Mac.
Fed Survey: Loan Demand, Standards Begin to Stabilize
Loan demand and standards for lending began to stabilize in the third quarter after demand weakened and standards tightened during the economic freefall of the second quarter.