The first letter offers recommendations on how FHFA can improve its framework for codifying new liquidity requirements for Fannie Mae and Freddie Mac. The second letter addresses an FHFA proposal to require Fannie and Freddie to develop and maintain “living wills” in the event one or both of them becomes insolvent.
Tag: Freddie Mac
MBA Letters Address GSE Liquidity Requirements, ‘Living Wills’
The first letter offers recommendations on how FHFA can improve its framework for codifying new liquidity requirements for Fannie Mae and Freddie Mac. The second letter addresses an FHFA proposal to require Fannie and Freddie to develop and maintain “living wills” in the event one or both of them becomes insolvent.
FHFA Extends COVID-19 Multifamily Forbearance through June 30
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.
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.
Industry Briefs Feb. 25, 2021
Finicity, Salt Lake City, announced its one-touch Mortgage Verification Service, enabling lenders to allow consumers to permission data so lenders can verify assets, income and employment in a single interaction. The verification is accepted by both Freddie Mac and Fannie Mae.
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.
Dealmaker: Trion Properties Refinances Four Multifamily Assets, $53M
Trion Properties, Los Angeles, secured a $52.6 million refinancing agreement for a four-property, 365-unit multifamily portfolio in greater Portland, Ore.
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.
MBA CREF 2021: A Conversation with GSE Leadership
One year ago, almost no one could have predicted what 2020 would bring. Everyone in the real estate world had to adjust their expectations.