The Federal Housing Finance Agency this week announced several loan processing flexibilities from Fannie Mae and Freddie Mac designed to help their customers.
Tag: Fannie Mae
FHFA: More Than 4.4 Million Homeowners Helped Since Conservatorship
The Federal Housing Finance Agency released its fourth quarter 2019 Foreclosure Prevention and Refinance Report, which shows Fannie Mae and Freddie Mac completed 25,930 foreclosure prevention actions, bringing to 4.407 million the number of troubled homeowners who have been helped during conservatorships.
FHFA Authorizes GSEs to Support Additional Liquidity in Secondary Mortgage Market; Provide Flexibility in Appraisals, Employment Verifications
The Federal Housing Finance Agency yesterday issued two directives to Fannie Mae and Freddie Mac—one to enter into additional dollar roll transactions to provide mortgage-backed securities investors with short-term financing of their positions; and the other to provide alternative flexibilities to satisfy appraisal requirements and employment verification requirements.
FHFA, HUD Suspend Foreclosures/Evictions for 60 Days
HUD and the Federal Housing Finance Agency last week suspended foreclosures and evictions for Fannie Mae, Freddie Mac and FHA mortgages for at least the next 60 days amid the coronavirus pandemic.
Faith Schwartz, Christy Moss, CMB: What Happens When COVID-19 Starts Affecting Mortgage Payments?
COVID-19’s economic impacts are only beginning to be felt in the United States, and already it’s been a wild ride.
Fannie Mae: Lenders’ Profit Margin Outlook Hits High on Strong Consumer Demand
Fannie Mae, Washington, D.C., said mortgage lenders’ profit margin outlook for the next three months reached a new survey high based on data collected last month.
FHFA Updates Evaluation Criteria for Duty to Serve Program
The Federal Housing Finance Agency yesterday announced modifications to evaluation criteria of its Duty to Serve Underserved Markets program for Fannie Mae and Freddie Mac.
MBA, Trade Groups Urge Congress to Ban GSE G-Fee Offsets
The Mortgage Bankers Association and nearly three dozen other industry trade groups, in a Mar. 6 letter to House and Senate leadership, urged Congress to continue to prevent use of Fannie Mae and Freddie Mac guarantee fees as a source of funding offsets.
MBA: 4Q Commercial/Multifamily Mortgage Delinquencies Remain Low
Commercial and multifamily mortgage delinquencies remained low in the fourth quarter, according to the Mortgage Bankers Association’s Commercial/Multifamily Delinquency Report.
#MBAServicing2020: MBA Releases Default Servicing Alignment White Paper
ORLANDO—The Mortgage Bankers Association released a white paper that analyzes federal foreclosure prevention programs and offers recommendations to better align and standardize those programs.