FHFA: GSEs Complete 539,000 3Q Foreclosure Prevention Actions

The Federal Housing Finance Agency released its third quarter 2020 Foreclosure Prevention and Refinance Report, showing Fannie Mae and Freddie Mac completed 539,451 foreclosure prevention actions in quarter, bringing to 5.2 million the number of troubled homeowners who have been helped during conservatorships.

Industry Briefs Dec. 21, 2020

New American Funding, Tustin, Calif., launched a mentorship program to help team members develop professionally. New American Funding’s “360 Mentorship Program” matches an internal leader with another employee who is pursuing career advancement.

FHFA Holds GSE Affordable Housing Goals Steady

The Federal Housing Finance Agency yesterday announced its 2021 affordable housing goals for Fannie Mae and Freddie Mac will remain the same as they were in 2020. It also seeks input about future housing goals rulemaking.

MBA, Trade Groups Urge Treasury to Promote ‘Critical Reforms’ of GSEs

More than 12 years after the federal government placed Fannie Mae and Freddie Mac under conservatorship—and seemingly no closer to moving them out of conservatorship—the Mortgage Bankers Association and several industry trade groups urged the Treasury Department to promote “critical reforms” of the GSEs and bolster their safety and soundness.