GSEs

GSE names former PricewaterhouseCoopers Partner to its Board of Directors, bringing financial management and reporting, risk management, and business strategy expertise to his new role.

During the pandemic, an estimated 3.2 million foreclosure starts were prevented, along with the completion of approximately 1.5 million foreclosures.

Amid tumult in the securities market after last week’s disintegration of Silicon Valley Bank, the GSE informs investors it has postponed sale of mortgage bonds.

The firm’s former Deputy General Counsel is promoted to new role, bringing more than 20 years of experience in residential real estate law and mortgage banking to the position.

"The slight uptick in economic risk from 2022 Q3 to Q4 was offset by a decrease in borrower and underwriting risk, leading to the overall default risk remaining flat," said Jonathan Glowacki, a principal at Milliman.

President Biden’s proposed fiscal year 2024 budget would significantly invest in building affordable housing, expand access to homeownership, combat housing discrimination, and enhance household mobility.

The Department believes that its new rule will serve as a critical home retention tool for borrowers in a volatile interest rate market.

The 13th Annual Five Star Government Forum is set for next week in our nation’s capital, bringing together mortgage servicing leadership and government agency reps to discuss the industry’s most pressing issues and work toward solutions.

As new Head of Single-Family Acquisitions, Freddie Mac’s latest addition will be responsible for seller engagement, credit, products, and affordable mission goals.

Fannie Mae and Freddie Mac have made a $545 million investment in two major funds to facilitate affordable housing and initiatives.