Fannie Mae and Freddie Mac have sold 163,297 nonperforming loans, with a total unpaid balance of $30 billion, from program inception in 2014 through June 30, 2023, according to FHFA’s Non-Performing Loan Sales Report
The interconnectedness between banks and mortgage companies means that banks are just as important as ever to the housing market.
The Federal Housing Finance Agency should make public the analyses behind its final rule to replace the FICO credit score model used by Fannie Mae and Freddie Mac with the FICO 10T and the VantageScore 4.0 credit score models, ABA and seven financial and housing industry associations said.
The Federal Housing Finance Agency released its third quarter 2023 Foreclosure Prevention and Refinance Report, which includes data on mortgage performance, delinquencies and active forbearance plans, as well as forfeiture actions and refinances by state.
As the Federal Housing Finance Agency moves forward with implementing the recommendations in its recently completed review of the Federal Home Loan Bank system, it is important that the process the agency uses to make those changes is transparent and inclusive, ABA and 52 state bankers associations said in a letter to the agency.
The Federal Housing Finance Agency announced that the baseline conforming loan limit values for mortgages that Fannie Mae and Freddie Mac will acquire in 2024 will increase by more than $40,000 from the previous year, to $766,550 for one-unit properties.
The Federal Housing Finance Agency published a final rule that amends several provisions of the enterprise regulatory capital framework for Fannie Mae and Freddie Mac.
The Federal Housing Finance Agency is seeking to better balance the mission of the Federal Home Loan Bank system to stress that FHLBs should be a provider of reliable liquidity to financial institutions, but for the purpose of making available funding for housing and community development, FHFA Director Sandra Thompson said.
The report provides the FHFA’s financial statements and analysis, and details the agency’s activities as regulator of the Federal Home Loan Bank System and as regulator and conservator of Fannie Mae and Freddie Mac.
The Federal Housing Finance Agency announced that the 2024 multifamily loan purchase caps for Fannie Mae and Freddie Mac will be $70 billion for each enterprise.