The Federal Housing Finance Agency (FHFA) has released an updated strategic plan that envisioned a path for ending the conservatorships of Fannie Mae and Freddie Mac that have been in place since September 2008. According to a statement issued by ...
Read More »CFPB Addresses Regulating Consumer Access to Financial Data
The Consumer Financial Protection Bureau (CFPB) has issued an advance notice of proposed rulemaking (ANPR) requesting input on regulating consumer access to financial records. With the ANPR, the CFPB is looking for suggestions on how the agency could most efficiently and effectively develop ...
Read More »FHFA Updates Policy on Single-family Mortgages in Forbearance
The Federal Housing Finance Agency (FHFA) has announced a one-month extension of its temporary policy of allowing the purchase of certain single-family mortgages in forbearance that meet specific eligibility criteria as set by Fannie Mae and Freddie Mac. The policy, ...
Read More »Forbearance Rates Experience Biggest Weekly Drop Since Pandemic Began
This marked the first time since mid-April that the total number of forbearance plans were below the 3 million level. Here's what factors are in play.
Read More »Economic Analysis Points to Recovery
As the economy continues toward recovery, albeit at a slower pace, the housing market will continue to display vibrancy amid an increase in residential construction spending, according to the latest Economic & Housing Weekly Note published by Fannie Mae. “Data ...
Read More »Delinquencies Above Pre-Pandemic Levels Predicted Into 2022
Mortgage delinquencies could remain above pre-pandemic levels until 2022, according to a new forecast published in the Black Knight Mortgage Monitor Report. Black Knight is also predicting more than 1 million excess delinquencies could occur in March 2021 when the ...
Read More »MBS Performance at Five-Year Low
Efforts by the Federal Reserve to prop up the mortgage-backed securities (MBS) market do not appear to have worked as well as hoped, according to a new data analysis released by Bloomberg. As of Sept. 29, the Bloomberg Barclays U.S. ...
Read More »Former Freddie Mac Exec Criticizes Financial Stability Oversight Council
In an op-ed piece, Fannie Mae's former CEO called the Financial Stability Oversight Council’s review of the secondary mortgage market politically “compromised.” Click through the read what he thinks they got right and what's still lacking.
Read More »COVID-19 Worsening Impact of Wildfires
More than 2.5 million acres of California have burned this year, surpassing the state’s previous wildfire seasons for total acreage burned, according to a new data report from CoreLogic, which added that latest Climate Prediction Center forecast extending through November ...
Read More »Foreclosure Wave Could Culminate in ‘Major Event’
The near-future will be bringing a wave of foreclosures, according to a Federal Reserve economist, but this will not be at the severe levels experienced in the aftermath of the 2008 economic meltdown. In a presentation titled “Housing Insecurity in ...
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