Big Changes at Fannie Mae

Fannie Mae, Washington, D.C., announced Board Chair Sheila C. Bair and CEO Hugh R. Frater will resign effective May 1. The Board elected Michael J. Heid to succeed Bair and appointed Fannie Mae President David Benson as Interim CEO and Board member.

FHFA: More than 6.3M Homeowners Helped Since Conservatorship

The Federal Housing Finance Agency released its fourth quarter Foreclosure Prevention and Refinance Report, showing Fannie Mae and Freddie Mac completed 153,793 foreclosure prevention actions during the quarter

MBA Letter Addresses Concerns About FHFA Strategic Plan

The Mortgage Bankers Association, in comments to the Federal Housing Finance Agency, expressed support for many elements of the proposed FHFA five-year strategic plan while raising concerns on several issues.

FHFA Issues Final Rule Amending GSE Regulatory Capital Framework

The Federal Housing Finance Agency on Feb. 25 published a final rule that amends the Enterprise Regulatory Capital Framework by refining the prescribed leverage buffer amount and risk-based capital treatment of retained credit risk transfer exposures for Fannie Mae and Freddie Mac.

FHFA: GSE Delinquency Rate Falls to 1.55%

The Federal Housing Finance Agency released its third quarter Foreclosure Prevention and Refinance Report, showing Fannie Mae and Freddie Mac completed 180,566 foreclosure prevention actions during the quarter, raising the total number of homeowners who have been helped to 6,210,485 since the start of conservatorships in September 2008.