The number of home loans backed by Fannie Mae and Freddie Mac that are 60 days or more past due or are in the foreclosure process fell in the fourth quarter of 2016 to the lowest level since 2008, according to the Federal Housing Finance Agency’s foreclosure prevention report released today.
The Federal Housing Finance Agency today issued an update on the common securitization platform it is developing to issue the Single Security, a mortgage-backed security to be issued by both Fannie Mae and Freddie Mac.
The American Bankers Association, through its Corporation for American Banking subsidiary, has renewed its endorsement of Fannie Mae’s secondary market options for community banks.
The Trump administration over the next several months will conduct a thorough review of the U.S. financial regulatory system and the Dodd-Frank Act to determine what changes are needed, said Mark Calabria, chief economist for Vice President Mike Pence, today at the ABA’s Government Relations Summit.
Testifying before the Senate Banking Committee today, Housing and Urban Development secretary nominee Dr. Benjamin Carson said he would take a “holistic” approach to affordable housing if confirmed, noting that many factors — such as healthcare and education — must be considered when tackling issues affecting low-income Americans.
In this month’s Farm Credit Watch, Bert Ely highlights the continued abuses of Farm Credit lender CoBank, which has recently made several large loans to borrowers that are not connected to agriculture.
The Federal Housing Finance Agency today issued the metrics on which it will assess the 2017 performance of Fannie Mae, Freddie Mac and their jointly owned securitization platform, which will be implemented for the “Single Security” to be issued by both GSEs in 2018.
Fannie Mae and Freddie Mac today announced new foreclosure prevention programs designed to replace the Home Affordable Mortgage Program, which expires at the end of this year.
The Federal Housing Finance Agency today issued a final rule requiring Fannie Mae and Freddie Mac to submit plans for improving the distribution and availability of safe and sound residential mortgage financing in underserved markets.
The Federal Housing Finance Agency has successfully implemented Release 1 of its Common Securitization Platform, the agency announced today.