Gene Spencer, who spent 28 years at Fannie Mae and 10 years with the Homeownership Preservation Foundation and who served in a number of advisory capacities with the Mortgage Bankers Association and other industry organizations, passed away on Nov. 30 in Gloucester Point, Va.
Tag: Fannie Mae
MBA: Share of Loans in Forbearance Flat at 5.54%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance remained unchanged from the prior week at 5.54% as of November 29. MBA estimates 2.8 million homeowners are in forbearance plans.
FHFA Extends Foreclosure and REO Eviction Moratoria through Jan. 31
The Federal Housing Finance Agency said Fannie Mae and Freddie Mac will extend the moratoriums on single-family foreclosures and real estate owned (REO) evictions until at least January 31, 2021.
MBA: Share of Mortgage Loans in Forbearance Increases to 5.54%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance increased to 5.54% of servicers’ portfolio volume as of November 22, 2020 from 5.48% the prior week. MBA estimates 2.8 million homeowners are in forbearance plans.
MBA: Share of Mortgage Loans in Forbearance Increases to 5.54%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance increased to 5.54% of servicers’ portfolio volume as of November 22, 2020 from 5.48% the prior week. MBA estimates 2.8 million homeowners are in forbearance plans.
FHFA Holds 2021 Deemed-Issuance Ratio for UMBS at 60/40
The Federal Housing Finance Agency announced the deemed-issuance ratio for the 2021 calendar year in accordance with Internal Revenue Service guidelines on trading of the Uniform Mortgage-Backed Security will remain unchanged in 2021 at 60 percent Fannie Mae and 40 percent Freddie Mac.
FHFA Holds 2021 Deemed-Issuance Ratio for UMBS at 60/40
The Federal Housing Finance Agency announced the deemed-issuance ratio for the 2021 calendar year in accordance with Internal Revenue Service guidelines on trading of the Uniform Mortgage-Backed Security will remain unchanged in 2021 at 60 percent Fannie Mae and 40 percent Freddie Mac.
New Home Sales Fall for 1st Time in 6 Months–But No Worries
New home sales fell for the first time since May, HUD and the Census Bureau reported Wednesday. Even so, the news continued to be good.
FHFA: 2021 GSE Conforming Loan Limits Increase to $548,250
The Federal Housing Finance Agency yesterday announced a nearly $40,000 jump in maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2021.
Industry Briefs Nov. 25, 2020
The Federal Housing Finance Agency released its annual Performance and Accountability Report, which details FHFA’s activities as regulator of the Federal Home Loan Bank System and as regulator and conservator of Fannie Mae and Freddie Mac during fiscal year 2020.