Swann and his team wrote in a report to clients that the impasse among lawmakers as to the future of the GSEs, the fact that Fannie Mae and Freddie Mac have been profitable since 2012, and the near recovery of most housing markets have made the privatization of the GSEs or any type of reform unlikely for the foreseeable future.
Read More »GSEs Issue Updates to Mortgage Repurchase Guidelines
The new policies, sent in a letter to sellers and servicers, are expected it go into effect January 1, 2016, at the direction of the Federal Housing Finance Agency (FHFA).
Read More »Fannie Mae, Freddie Mac Bring Foreclosure Prevention Total to 3.56 Million
With July's total of nearly 20,000 foreclosure prevention actions, the Enterprises have now completed 3.56 million such actions since the start of the conservatorship in September 2008, according to FHFA.
Read More »IG Condemns FHFA’s Review of GSE Budgets
According to a recent report from the FHFA Office of the Inspector General, however, the Agency's budget review and approval process has fallen short of achieving that stated purpose due to a number of factors that include late timing, cursory-level analysis, and inadequate resources.
Read More »Bipartisan Discussion Highlights GSE Reform, Risk Transfer, Need for More Private Capital
The event highlighted GSE reform and conservatorship, the need for more private capital in the financial system and to transfer risk away from taxpayers and GSEs, focusing on risk sharing, specifically “front-end,” which makes housing finance more sustainable.
Read More »Fannie Mae, Freddie Mac Combined Income Spikes in Q2
REO inventory for the GSEs totaled about 88,000 at the end of Q2, a decline of 14 percent from the end of Q1 (about 102,000) and 34 percent from the end of Q2 2014 (134,000), according to FHFA.
Read More »Share of Mortgage Delinquencies Triggered by Unemployment is Receding
For the first half of 2015, approximately 38 percent of mortgage delinquencies were brought about by job loss or some type of income curtailment, according to an analysis of mortgages guaranteed or owned by Freddie Mac.
Read More »Student Loan Debt Is Not Solely To Blame For Low Millennial Homeownership Rate
Some housing experts expected the homeownership rate, which has been decreasing since 2004, to get a much-needed boost as millennials entered the housing market. However, there have been no results on this end and the homeownership rate has continued to fall.
Read More »Modified Fannie Mae and Freddie Mac Loans Perform Better When Done Through HAMP
Single-family mortgage loans backed by Fannie Mae and Freddie Mac perform better after modification when they are modified through the government's Home Affordable Mortgage Program (HAMP), according to the FHFA's Foreclosure Prevention Report for Q2 2015 released this week.
Read More »Freddie Mac Obtains $132 Million Insurance Policy to Reduce Credit Risk
The latest ACIS transaction transfers much of the remaining credit risk associated with the first actual loss STACR offering from April 2015 (STACR Series 2015 DNA1), and it transfers combined maximum limit of up to about $132.5 million in losses on single-family mortgage loans acquired by Freddie Mac in Q4 2012.
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