GSEs

The GSE’s latest Credit Insurance Risk Transfer consists of approximately 27,000 single-family mortgage loans with an outstanding unpaid principal balance of approximately $8.4 billion.

The GSE has announced the sale, via auction, of more than 3,500 non-performing residential first lien loans (NPLs) from its mortgage-related investments portfolio as part of Freddie Mac’s Standard Pool Offerings.

The Five Star Conference & Expo closed out with a lively discussion on the latest headwinds impacting the mortgage servicing space, featuring top mortgage servicing execs, economists, and government reps exchanging ideas on how to move the industry forward.

At the annual Five Star Conference in Dallas, the 30-year industry trailblazer was recognized for her accomplishments in the mortgage finance space throughout her career.

The annual gathering of the Federation of REO Certified Agents took place at the 20th Five Star Conference and Expo, exploring everything REO, including data-backed insights from Fannie Mae and a series of informative panels. As Rick Sharga, President & CEO of CJ Patrick Company put it, "If you want to stay ahead in the distressed/default industry, you need to keep moving upstream."

The MBA reports the share of mortgage loans in forbearance has fallen to 0.33% nationwide in August, just eight basis points shy of where the rate was in March 2020 at the outset of the pandemic.

Michael J. DeVito will move on from the role of CEO in the first quarter of 2024, as the GSE is set to begin its search for a successor to the position.

Fannie Mae’s Home Purchase Sentiment Index revealed that home-selling and homebuying sentiments are up year-over-year, a welcome sign that raised the index as a whole by 4.9 points.

September marks the fifteenth anniversary of Fannie Mae and Freddie Mac being placed into conservatorship by the FHFA at the height of the Great Financial Crisis, and continues to show no signs of ending, according to a new Q&A from industry veteran Don Layton.

A 12-year veteran of the GSE, Peter Lillestolen will manage Freddie Mac’s affordable housing retail business, Low-Income Housing Tax Credit (LIHTC) equity, as well as senior housing initiatives.