What follows are findings from a survey of senior mortgage executives I conducted in the first half of May. Due to cancellation of MBA’s National Secondary Market Conference, this survey was completed over the phone rather than face to face, as has been the case in the 23 preceding surveys done since 2008. Normally the surveys are conducted at the secondary conference as well as at the MBA Annual Convention every October.
Tag: Freddie Mac
FHFA Publishes Credit Risk Transfer Spreadsheet Tool
The Federal Housing Finance Agency yesterday published a Credit Risk Transfer spreadsheet tool based on the re-proposed capital rule for Fannie Mae and Freddie Mac.
Industry Briefs June 3, 2020
The Federal Housing Finance Agency released its latest report on the sale of non-performing loans by Fannie Mae and Freddie Mac. The report shows that, through December 31, 2019, the Enterprises sold 126,757 NPLs with a total unpaid principal balance of $23.8 billion.
Dealmaker: Greystone Closes $106M for Multifamily Properties
Greystone, New York, closed an $86.2 million 10-year refinancing of Aspire Apartments in Tracy, Calif.
Dealmaker: Walker & Dunlop Secures $54M for Multifamily
Walker & Dunlop, Bethesda, Md., secured $54.3 million for multifamily assets in Washington, D.C. and Gainesville, Ga.
California County Ends Controversial PACE Loan Program
Forget the coronavirus—if you want to raise the blood pressure of a mortgage lender or servicer, just say these two words: “PACE loan.”
FHFA Announces New Fannie Mae, Freddie Mac LIBOR Transition Resources
The Federal Housing Finance Agency yesterday announced Fannie Mae and Freddie Mac launched new websites that provide resources for lenders and investors as they transition away from the London Interbank Offered Rate.
California County Ends Controversial PACE Loan Program
Forget the coronavirus—if you want to raise the blood pressure of a mortgage lender or servicer, just say these two words: “PACE loan.”
To the Point with Bob: FHFA’s Capital Rule and How it Fits into Housing Finance Reform
Mortgage Bankers Association President and CEO Robert Broeksmit, CMB, in his newest blog, discusses latest developments involving the Federal Housing Finance Agency and its re-proposed capital framework for Fannie Mae and Freddie Mac.
Industry Briefs
Black Knight, Jacksonville, Fla., said its McDash Flash Forbearance Tracker, as of May 19, reported 4.75 million homeowners – or 9.0% of all mortgages – have entered into COVID-19 mortgage forbearance plans. Active forbearance volumes increased by just 93,000 over the past week, a more than 70% decline from the 325,000 from the first week of May.