Fannie, Freddie Issue New URLA Form
Fannie Mae and Freddie Mac today announced the release of the redesigned Uniform Residential Loan Application, the first substantial revision to the form in more than two decades.
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G-Fees Saw Modest Increases in 2015
The average single-family guarantee fees charged by Fannie Mae and Freddie Mac increased by two basis points in 2015 to 59 basis points, the Federal Housing Finance Agency reported today.
FHFA Listens to Industry Concerns on URLA
ABA staff yesterday participated in a meeting with senior Federal Housing Finance Agency officials and other industry representatives on FHFA’s proposal to include a “language preference” question on the revised Uniform Residential Loan Application.
Senators to Watt: Let Congress Lead on GSE Reform
A bipartisan group of six senators last week cautioned FHFA Director Mel Watt that taking steps toward moving Fannie Mae and Freddie Mac out of conservatorship without comprehensive reform would “perpetuate the pre-crisis practice of socializing losses and privatizing gains.”
FHFA: Most Borrowers Eligible for Principal Reduction Are in Fla., N.J., N.Y.
More than three quarters of seriously delinquent homeowners who are eligible for Fannie Mae and Freddie Mac’s one-time principal reduction program, announced in April, live in just 10 states, according to figures released today by the Federal Housing Finance Agency.
FHFA Issues Update on Common Securitization Platform
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.
FHFA Releases Data on GSEs’ Sales of Non-Performing Loans
Fannie Mae and Freddie Mac have sold more than 41,600 nonperforming loans as of May 31, with a total unpaid balance of $8.5 billion, according to the first Non-Performing Loan Sales Report released by the Federal Housing Finance Agency today.
FHFA Seeks Input on Credit Risk Transfer Programs
The Federal Housing Finance Agency today released a report on how Fannie Mae and Freddie Mac share credit risk with the private sector through primary mortgage insurance and credit risk transfer transactions.
Delinquent GSE Mortgages Continue to Decline
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 10 percent in the first quarter, the lowest level since the first quarter of 2008, according to the Federal Housing Finance Agency’s foreclosure prevention report released today.
ABA to FHFA: Reduce or Eliminate Fannie, Freddie Price Adjustments
In a letter to the Federal Housing Finance Agency today, ABA and several other consumer, housing and banking groups called on the Federal Housing Finance Agency to reduce or eliminate the loan-level price adjustments charged by Fannie Mae and Freddie Mac.