The Federal Housing Finance Agency announced yesterday that Fannie Mae and Freddie Mac will continue to offer COVID-19 forbearance to qualifying multifamily property owners through June 30, subject to the continued tenant protections FHFA imposed during the pandemic. The programs were set to expire March 31.
Tag: Fannie Mae
MBA Letter to FHFA Offers Recommendations on Appraisal Policies
The Mortgage Bankers Association, in a Feb. 26 letter to the Federal Housing Finance Agency, offered a set of recommendations aimed at promoting and modernizing the appraisal process.
FHFA Extends COVID-19 Forbearance Period/Foreclosure and REO Eviction Moratoriums; Aligns Mortgage Relief Policies Across Government
The Federal Housing Finance Agency on Thursday announced extensions of several measures to align COVID-19 mortgage relief policies across the federal government, a move that drew praise from the Mortgage Bankers Association.
2021 New Home Sales Off to Solid Start
The report said sales of new single-family houses in January rose to a seasonally adjusted annual rate of 923,000, 4.3 percent higher than the revised December rate of 885,000 and 19.3 percent higher than a year ago (774,000).
Housing Market Roundup
Here’s a quick-hit summary of several housing and housing finance reports released over the past several days:
Despite January Pullback, Housing Starts Remain Strong
After a terrific December, January housing starts, as expected, fell back a bit but maintained a strong pace, HUD and the Census Bureau reported yesterday.
Dealmaker: Lument Provides $33M in Fannie Mae Financing for Apartment Communities
Lument, New York, arranged $33 million in Fannie Mae financing for multifamily communities in Daytona Beach and Hialeah, Fla.
FHFA Releases 2021 Scorecard for GSEs, Common Securitization Solutions
The Federal Housing Finance Agency this week released the 2021 Scorecard for Fannie Mae, Freddie Mac and Common Securitization Solutions. The 2021 Scorecard aligns the 2019 Strategic Plan with the Enterprises’ tactical priorities and operations, serving as an essential tool to hold the Enterprises accountable.
Industry Briefs Feb. 16 2021
LodeStar Software Solutions announced an integration with Mortgage Coach, creator of the Total Cost Analysis Borrower Conversion Platform. This integration allows lenders of any size to include accurate closing provider fees when creating a Total Cost Analysis for borrowers.
FHFA Extends Foreclosure/Eviction Moratoria through Mar. 28; Extends COVID-Related Loan Flexibilities
The Federal Housing Finance Agency said Fannie Mae and Freddie Mac extended moratoriums on single-family foreclosures and real estate owned evictions until March 31.