The Federal Housing Finance Agency last week said it aligned Fannie Mae and Freddie Mac policies regarding servicer obligations to advance scheduled monthly principal and interest payments for single-family mortgage loans.
Tag: Freddie Mac
FHFA, CFPB Announce Borrower Protection Program
The Federal Housing Finance Agency and the Consumer Financial Protection Bureau announced the Borrower Protection Program, a joint initiative that enables CFPB and FHFA to share servicing information to protect borrowers during the coronavirus national emergency.
Fannie Mae, Freddie Mac Extend URLA Implementation Timeline
Freddie Mac and Fannie Mae announced yesterday they will extend the implementation timeline for the redesigned Uniform Residential Loan Application and automated underwriting systems to support the industry during the COVID-19 pandemic.
MBA Takes Issue with Calabria’s Downplay of Need for Servicer Liquidity Facility
The Mortgage Bankers Association called “troubling” comments by Federal Housing Finance Agency Director Mark Calabria in which he dismissed the immediate need for a federally backed liquidity facility to assist mortgage servicers with forbearance efforts resulting from the coronavirus pandemic.
FHFA Authorizes Loan Processing Flexibilities for GSE Customers; Extends Comment Period on Proposed Minimum Financial Eligibility Requirements
The Federal Housing Finance Agency this week announced several loan processing flexibilities from Fannie Mae and Freddie Mac designed to help their customers.
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.
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.