Tag Archives: GSEs

Fannie, Freddie Transfer $81 Billion in Credit Risk Through Q2 2018

Since the Federal Housing Finance Agency launched a credit risk transfer program for GSEs Fannie Mae and Freddie Mac in 2013, the enterprises have transferred $81 billion in credit risk to private investors, amounting to about 3.2 percent of $2.5 trillion in unpaid principal balance, the FHFA said today.

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FHFA: Freddie Mac Falls Short of Some Low-Income Housing Goals

The Federal Housing Finance Agency in its Annual Housing Report today said that Freddie Mac failed to meet two of its four affordable housing goals — those for low and very-low income buyers purchasing single-family homes — in 2017. The GSE met its low-income refinancing goal for single-family homes and the goal for home purchases in low-income areas. Fannie Mae achieved all ...

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Delinquent GSE Mortgages Fall Slightly

The number of home loans backed by Fannie Mae and Freddie Mac that are 60 days or more past due dropped from 1.4 percent to 1.2 percent at the end of the second quarter, according to the Federal Housing Finance Agency’s foreclosure prevention report released today. Seriously delinquent loans — those that are 90 days or more past due — ...

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FHFA Proposal Would Align GSEs’ Practices for TBA-Eligible MBS

As Fannie Mae and Freddie Mac continue moving toward a single security, the Federal Housing Finance Agency today issued a proposed rule directing the GSEs to harmonize their programs, policies and practices that affect the prepayment rates of to-be-announced-eligible mortgage-backed securities.

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Hensarling, Delaney Release Draft of Bipartisan GSE Reform Bill

Marking the 10th anniversary of the conservatorship of housing GSEs Fannie Mae and Freddie Mac, House Financial Services Committee Chairman Jeb Hensarling (R-Texas) and Rep. John Delaney (D-Md.) today circulated draft legislation that would repeal the GSEs’ federal charters and direct Ginnie Mae instead to guarantee privately insured mortgage-backed securities.

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IRS Issues Tax Ruling on GSE ‘Single Security’ Exchanges

As part of the Federal Housing Finance Agency’s “single security initiative” to standardize the terms for mortgage pass-through certificates issued by Fannie Mae and Freddie Mac, holders of existing related GSE securities will have an opportunity to exchange them for the new standard security.

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FHFA Halts Credit Score Initiative

As expected, the Federal Housing Finance Agency announced today that it will not issue a decision this year about updating the credit score models required by Fannie Mae and Freddie Mac.

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