In testimony before the California legislature today, the Federal Housing Finance Agency reiterated that it cannot support first-lien property-assessed clean energy programs for participation by Fannie Mae and Freddie Mac.
Several financial and housing groups — including ABA — today called for Congress to tackle comprehensive reform of Fannie Mae and Freddie Mac.
More than 429,000 borrowers refinanced their Fannie Mae or Freddie Mac mortgage loans in the first quarter, with 19,989 refinanced through the Home Affordable Refinance Program, the Federal Housing Finance Agency said today.
Fannie Mae today reported a $1.1 billion profit for the first quarter of 2016, following a $2.5 billion gain in the previous quarter.
The Federal Housing Finance Agency announced today that it has raised Fannie Mae and Freddie Mac’s 2016 caps for multifamily lending from $31 billion to $35 billion.
Freddie Mac today reported a $354 million loss in the first quarter, following a $2.15 billion profit in the previous quarter.
Borrowers who are seriously delinquent on loans owned or guaranteed by Fannie Mae or Freddie Mac may be eligible for a one-time principal reduction to help them avoid foreclosure and stay in their homes, the Federal Housing Finance Agency announced today.
The current regulatory framework could be strengthened to give the Federal Housing Finance Agency and others greater supervisory authority over nonbank mortgage servicers, according to a report released today by the Government Accountability Office.
The Federal Housing Finance Agency will announce within the next month whether it will implement a limited principal reduction program for underwater borrowers with mortgages backed by Fannie Mae and Freddie Mac, FHFA Director Mel Watt said today.
ABA and several other housing and mortgage associations wrote to Congress yesterday urging the House and Senate Budget Committees to include a provision in the FY 2017 Budget Resolutions prohibiting the use of Fannie Mae and Freddie Mac guarantee fees as a funding offset.