The Federal Housing Finance Agency today announced that Fannie Mae and Freddie Mac will extend forbearance agreements for multifamily property owners with enterprise-backed mortgages for up to three months, for a total forbearance of up to six months.
The Consumer Financial Protection Bureau today took a significant step to revise its Qualified Mortgage rule, issuing a proposal to replace the use of the 43% debt-to-income ratio as a QM qualification standard with a price-based approach.
The Federal Housing Finance Agency announced today that it would extend—through August 31 at a minimum—a moratorium on foreclosures and evictions for single-family mortgages backed by Fannie Mae or Freddie Mac.
Home purchase applications have begun to rebound from April lows, reaching the second highest weekly level of the year in mid-June, Freddie Mac said yesterday in its quarterly forecast.
In the Federal Housing Finance Agency’s annual report to Congress today, the agency outlined several legislative steps it is seeking to reform the nation’s housing finance system.
Testifying before the Senate Banking Committee today, FHFA Director Mark Calabria said that he has been “encouraged” by incoming data on the state of the mortgage markets, including forbearance rates, as the coronavirus pandemic persists in the U.S.
Fannie Mae and Freddie Mac have sold 126,757 nonperforming loans as of Dec. 31, 2019, with a total unpaid balance of $23.8 billion, according to the Non-Performing Loan Sales report released today by the Federal Housing Finance Agency.
Freddie Mac today issued a bulletin providing temporary guidance for underwriting mortgage borrowers whose income is derived from self-employment during the coronavirus pandemic.
Fannie Mae and Freddie Mac today released a Libor Transition Playbook to help mortgage industry stakeholders prepare for the transition from the London Interbank Offered Rate—which is not guaranteed to be available after 2021—to alternative reference rates.
In a highly anticipated move today, the Federal Housing Finance Agency re-proposed a 2018 proposal to establish a new regulatory capital framework for Fannie Mae and Freddie Mac, charting a clear path for the GSEs to exit conservatorship.