Mortgage

FEMA Curtails New Flood Insurance Policies During Government Shutdown

In an unanticipated move yesterday, the Federal Emergency Management Agency announced that it will halt regular National Flood Insurance Program operations during the government shutdown, a decision that will complicate and potentially delay loan closings for borrowers seeking mortgages where NFIP coverage is required.

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Delinquent GSE Mortgages Fall in Q3

The number of home loans backed by Fannie Mae and Freddie Mac that are 60 or more days past due fell from 1.2 percent to 1.1 percent at the end of the third quarter, according to the Federal Housing Finance Agency’s foreclosure prevention report released today.

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FHFA Sets 2019 Performance Goals for Fannie, Freddie

The Federal Housing Finance Agency today issued the metrics on which it will assess the 2019 performance of Fannie Mae, Freddie Mac and their jointly owned securitization platform, which will be implemented for the “Single Security” to be issued by both GSEs in the second quarter of 2019.

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