Since the Federal Housing Finance Agency launched a credit risk transfer program for Fannie Mae and Freddie Mac in 2013, the enterprises have transferred $115 billion in credit risk to private investors, amounting to about 3.3% of unpaid principal balance, the FHFA said today.
The Federal Housing Finance Agency today took action to grant additional flexibility to Fannie Mae and Freddie Mac to help expedite loan processing during the pandemic.
With many borrowers now taking advantage of nationwide forbearance programs as they struggle to make their monthly mortgage payments, Ginnie Mae announced today that it will take action to ensure liquidity in the mortgage-backed securities market during the coronavirus pandemic.
To help provide relief to homeowners who may be facing financial hardships as a result of the coronavirus pandemic, the Federal Housing Finance Agency today announced that it has directed Fannie Mae and Freddie Mac to suspend foreclosures and evictions for at least 60 days for enterprise-backed single-family mortgages.
The Federal Housing Finance Agency today issued revised guidance for Fannie Mae and Freddie Mac on their “duty to serve” three specified markets, including manufactured housing, affordable housing and rural housing.
The American Bankers Association joined a broad coalition of housing and finance trade organizations in a letter to congressional leaders Friday urging them not to use the Fannie Mae and Freddie Mac guarantee fees as a source of funding offsets.
Fannie Mae and Freddie Mac have published a joint solicitation seeking applications from credit score model developers, FHFA announced today.
The proposed update to Fannie Mae and Freddie Mac seller/servicer eligibility includes new requirements for the servicing of Ginnie Mae mortgages.
The American Bankers Association joined several housing and financial trade groups in a letter to the Federal Housing Finance Agency today highlighting concerns about recently proposed changes to uniform mortgage-backed security pooling practices used by Fannie Mae and Freddie Mac.
As the American Bankers Association has long anticipated, CFPB Director Kathy Kraninger signaled in a letter to lawmakers last week that her agency will extend the temporary “GSE patch,” which grants Qualified Mortgage status to loans eligible to be purchased or guaranteed by Fannie Mae or Freddie Mac.