There were 50.8 million outstanding mortgages with unpaid balances totaling $11.7 trillion at the end of the first quarter, the Federal Housing Finance Agency reported last week.
Tag: Sandra Thompson
MBA Asks FHFA to Address Outstanding Questions Before Approving Freddie Mac Second Mortgage Proposal
The Mortgage Bankers Association posed several questions to the Federal Housing Finance Agency about Freddie Mac’s proposed purchase of single-family closed-end second mortgages.
HUD Secretary Marcia L. Fudge to Resign March 22
Marcia L. Fudge, the 18th Secretary of the U.S. Department of Housing and Urban Development, announced she will resign effective March 22, 2024.
FHFA Rescinds Proposed Loan-Level Pricing Adjustment for DTI Ratios
The Federal Housing Finance Agency on Wednesday rescinded a controversial proposed loan-level pricing adjustment that the Mortgage Bankers Association said would have had adverse impact on both consumers and lenders.
FHFA Final Rule Amends GSEs’ ‘Duty to Serve’ Regulation for ‘Colonias’
The Federal Housing Finance Agency on Apr. 12 published a final rule to amend the Duty to Serve Underserved Markets regulation for Fannie Mae and Freddie Mac. The final rule allows Fannie Mae and Freddie Mac’s activities in all colonia census tracts to be eligible for Duty to Serve credit.
FHFA Updates Equitable Housing Finance Plans for Fannie Mae, Freddie Mac
The Federal Housing Finance Agency updated Fannie Mae and Freddie Mac’s Equitable Housing Finance Plans for 2023.
FHFA Delays Effective Date of GSE DTI Ratio-Based Fee to Aug. 1
The Federal Housing Finance Agency on Wednesday said it would delay implementation of certain recalibrated upfront fees for Fannie Mae/Freddie Mac until Aug. 1.
#MBACREF23: Multifamily Leadership Perspectives
SAN DIEGO–Senior government executives visited the MBA Commercial/Multifamily Finance Convention & Expo 2023 to discuss their successes and challenges, including how to increase the national supply of affordable housing.
MBA Letter Voices Concerns Over FHFA DTI-Based LLPA
The Mortgage Bankers Association on Friday sent a letter to the Federal Housing Finance Agency expressing concerns regarding recently announced changes to loan-level price adjustments by Fannie Mae and Freddie Mac, particularly addition of an LLPA based on debt-to-income ratio.
GSEs Reduce Upfront Fee for Commingled Securities; FHFA Updates GSEs’ Single-Family Pricing Framework
Fannie Mae and Freddie Mac announced a reduction in the upfront fee for commingled securities to 9.375 basis points, effective April 1; additionally, the Federal Housing Finance Agency announced updates to the government-sponsored enterprises’ single-family pricing framework, effective May 1.