Industry personnel news from Freddie Mac, Dark Matter Technologies and BSI Financial Services.
Tag: Freddie Mac
Freddie Mac Finds Boomers Hold $17 Trillion of Country’s Total Home Equity
Three-quarters of homeowners born before 1964 are likely to leave much of their $17 trillion in home equity to their children, according to Freddie Mac, McLean, Va.
FHFA Finalizes 2025–2027 Housing Goals for Fannie Mae, Freddie Mac
The Federal Housing Finance Agency issued a final rule Thursday establishing new affordable housing goals for the loan purchases of Fannie Mae and Freddie Mac over the next three years.
Dealmaker: Greystone Provides $104M in Freddie Mac Financing for Two Multifamily Properties
Greystone provided $103.7 million in Freddie Mac Optigo loans to refinance two multifamily communities in Tamarac, Fla. and Birmingham, Ala.
Freddie Mac’s Mike Hutchins Announces LPA Update; Talks Tech, Repurchases With Fannie Mae’s Priscilla Almodovar
DENVER–Freddie Mac President Mike Hutchins announced Oct. 28 the latest addition to the enterprise’s automated underwriting system (Loan Product Advisor): LPA Choice.
MBA Statement on FHFA Updates on Loan Repurchases, Appraisals, and Pricing
DENVER–MBA President and CEO Bob Broeksmit, CMB, issued the following statement on today’s Federal Housing Finance Agency (FHFA) announcements on loan repurchases, appraisals, and pricing at MBA’s 2024 Annual Convention and Expo.
Mortgage Industry Assisting Homeowners Affected by Hurricane Helene
(Updated with new information Oct. 7) This is a developing story that will be updated. If you are aware of an effort by a mortgage company to provide relief or help to areas affected by Hurricane Helene, either directly or via fundraisers or donations, please contact us.
FHFA Reports More Than 7 Million Foreclosure Prevention Actions During GSE Conservatorships
The Federal Housing Finance Agency reported that Fannie Mae and Freddie Mac completed 46,378 foreclosure prevention actions during the second quarter, raising the total number of homeowners who have been helped to 7,004,262 since the start of conservatorships in September 2008.
MBA’s Bob Broeksmit on Recent Trigger Leads Progress, Other Key Industry Issues to Watch
WASHINGTON, D.C.–Mortgage Bankers Association President and CEO Bob Broeksmit, CMB, took the stage at MBA’s Compliance and Risk Management Conference Sept. 23 to discuss some hot topics–including the recent addition of trigger leads provisions in the National Defense Authorization Act.
Freddie Mac Announces Diana Reid as CEO
Freddie Mac announced that Diana Reid will serve as CEO, effective immediately.