“The proposed rule gives FHFA a tool that supplements its existing statutory authorities to restructure a failed Enterprise so that government does not have to put the Enterprises into conservatorship again.”
–Federal Housing Finance Agency Director Mark Calabria.
As the commercial real estate finance market experienced fits and starts last year, no capital source provided more transparency into commercial real estate than CMBS with its monthly investor reporting and credit rating agency coverage creating a window into market performance and challenges for certain retail and hospitality assets.
The Mortgage Bankers Association is accepting nominations for the MBA NewsLink 2021 Tech All-Star Awards. Nominations will be accepted through Friday, Jan. 29.
The Federal Housing Finance Agency on Dec. 28 issued a Request for Input on appraisal-related policies, practices and processes. The input received in response to the RFI will be used by FHFA to determine necessary modifications needed to ensure Fannie Mae and Freddie Mac operate in a safe and sound manner.
The Federal Housing Finance Agency on Dec. 23 issued a Notice of Proposed Rulemaking that would require Fannie Mae and Freddie Mac to develop credible resolution plans, also known as living wills.
The Federal Housing Finance Agency announced Fannie Mae and Freddie Mac will continue to offer COVID-19 forbearance to qualifying multifamily property owners through March 31, 2021. The programs had been set to expire December 31.
Following one of the most volatile years in memory, the Mortgage Bankers Association’s latest Mortgage Finance and Economic Forecasts seem decidedly normal.
Fitch Ratings, New York, said commercial mortgage-backed securities borrowers are taking advantage of the current low interest rate environment to defease their loans.
The Mortgage Bankers Association’s latest Forbearance & Call Center Survey reported loans in forbearance increased slightly to 5.49% of servicers’ portfolio volume as of December 13 from 5.49% the prior week. MBA estimates 2.7 million homeowners are in forbearance plans.
The Federal Housing Finance Agency released its third quarter 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.
