The number of home loans backed by Fannie Mae and Freddie Mac that are 60 or more days past due fell from 1.13 percent to 1.08 percent at the end of the fourth quarter, according to the Federal Housing Finance Agency’s foreclosure prevention report released today.
With housing GSEs Fannie Mae and Freddie Mac set to issue a single security — the Uniform Mortgage-Backed Security — starting in June, the Federal Housing Finance Agency today issued a final rule intended to ensure predictable cash flow to MBS investors.
Rep. Blaine Luetkemeyer (R-Mo.) today wrote to Federal Housing Finance Agency Acting Director Joseph Otting today requesting information on how the Financial Accounting Standards Board’s current expected credit loss standard will affect Fannie Mae and Freddie Mac.
Sen. Mike Crapo (R-Idaho) today outlined his plan for overhauling the housing finance system.
Housing finance reform will be among the priority issues the Senate Banking Committee will focus on during the 116th Congress, Chairman Mike Crapo (R-Idaho) announced today.
House Financial Services Committee Ranking Member Patrick McHenry (R-N.C.) wrote to Chairman Maxine Waters (D-Calif.) today urging her to hold hearings on a number of critical financial services issues, including several American Bankers Association priorities.
In her first major speech as chairman of the House Financial Services Committee, Rep. Maxine Waters (D-Calif.) today highlighted the priority issues she will focus on in her new role.
The Consumer Financial Protection Bureau today issued its assessment of the ability-to-repay/Qualified Mortgage rule, as required by the Dodd-Frank Act.
With the government shutdown entering its third week, mortgage lending and servicing operations are being affected.
The rapid pace of change will continue in 2019, ABA policy staff project.