By the end of this year, Freddie Mac may be the first company to issue fixed-rate mortgage-backed securities through the Common Securitization Platform (CSP).
Read More »Are Low Foreclosure Rates Due to the Job Market?
With foreclosure starts being at their lowest level since 2000, Fannie Mae reports that the major drop in foreclosures can be tied to a number of economic factors, but the major reason is the jobs market.
Read More »Fannie Mae Updates Foreclosure & Modification Servicing Guides
Fannie Mae recently release the latest Servicing Guide with updates including allowable foreclosure attorney fees for New York, suspending foreclosure proceedings for a streamlined modification offer, and servicing government mortgage loans.
Read More »Flood Victims Eligible for Mortgage Relief
Fannie Mae is reminding those homeowners affected by the floods that have submerged huge areas of Louisiana that there are options for relief from the bills, at least in the near-term.
Read More »Let the Bidding Begin: Seventh Non-Performing Loan Sale Announced
Fannie Mae recently announced the seventh sale of non-performing loans as well as the fifth Community Impact Pool, offered by the company.
Read More »Foreclosure Prevention Activities Drop Further in May
The number of foreclosure prevention activities completed by Fannie Mae and Freddie Mac has continued to decrease as the number of nationwide foreclosures continues its decline since reaching peak levels in 2009 and 2010.
Read More »GSEs Would Need Another Bailout According to Stress Test
Under severely adverse economic conditions applied by the Dodd-Frank Stress Tests, Fannie Mae and Freddie Mac are projected to need another taxpayer-funded bailout.
Read More »Airbnb May Bring Unforeseen Consequences to Borrowers
Since Airbnb’s launch in 2008, the home-sharing service has grown to currently include more than 2 million listings in 191 countries. Because of this, some home builders are developing new plans with the home-sharing industry in mind but for lenders, Airbnb may bring more trouble than anticipated.
Read More »Fannie Mae’s Earnings Rise Even Higher for Q2
Fannie Mae's Q2 earnings report still contained several positives, among them liquidity provided to the mortgage market and credit risk transfer, despite a year-over-year decline in profitability.
Read More »Jerry Brown Calls Out GSEs
Recently Governor Jerry Brown of California spoke during a White House conference call to reporters on his frustrations with Fannie Mae and Freddie Mac and their reservations on promoting the federal loan program for home energy and improvements.
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