Tag Archives: GSEs

Fannie Mae Announces Changes to Speed, Simplify Underwriting

Fannie Mae today announced a series of changes aimed at making its automated underwriting more efficient and accurate and better enabling lenders to serve nontraditional borrowers. The changes are scheduled to take effect sometime in 2016. Among other things, Fannie will require lenders to use trended credit data, to be provided by Equifax and TransUnion, when underwriting single-family loans through ...

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Fannie, Freddie Q2 Income Surpasses $8 Billion

Fannie Mae’s and Freddie Mac’s combined second-quarter income rose to $8.8 billion from $2.4 billion in the first quarter, the Federal Housing Finance Agency reported today. The increase was attributed mainly to interest income and gains on derivates, the agency said, adding that the GSEs also saw a $2.2 billion decrease in loan loss reserves due to rising home prices. ...

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Delinquent GSE Mortgages Decline As Economy Improves

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 6 percent in the second quarter of 2015, following a 9 percent drop in the first quarter, according to the Federal Housing Finance Agency’s foreclosure prevention report released today.

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Fannie Mae Profits Strong in Second Quarter

Fannie Mae today said that it earned net income of $4.6 billion in the second quarter. Like Freddie Mac’s report this week, Fannie’s profits improved from the first quarter, landing above the $3.7 billion earned in the second quarter of 2014. Fannie’s income grew mainly due to fair value gains, partially offset by credit expenses, the GSE said. The company ...

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Freddie Mac Profits Strong in Second Quarter

Freddie Mac today reported a $4.2 billion profit in the second quarter, up significantly from the $1.4 billion the company earned in the second quarter of 2014 and marking Freddie’s 15th consecutive profitable quarter.

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