GSEs

Multiple trade associations have responded to the FHFA’s Request for Input on the GSEs’ Single-Family Mortgage Pricing Framework through the promotion of responsible homeownership opportunities for all home-ready borrowers.

According to the U.S. Census Bureau, privately owned housing units counted by the number of building permits issued in July were at a seasonally adjusted annual rate of 1,442,000. This number is slightly above the revised June rate but still 13% below the July 2022 rate of 1,658,000.

Attorney Geoffrey K. Milne details a recent case involving the state of Connecticut’s Emergency Mortgage Assistance Program (EMAP), a program intended to assist homeowners in avoiding foreclosure.

With an estimated 2,200+ structures reported destroyed or damaged in Hawaii, 86% of them residential homes, the GSEs are offering guidance for homeowners impacted in the region.

As the nation continues to struggle with inflation and high mortgage rates, Fannie Mae and Freddie Mac completed more than 5,100 permanent loan modifications in May, according to the latest FHFA Foreclosure Prevention and Refinance Report.

Despite those surveyed reporting job stability and personal financial improvements, Fannie Mae’s Home Purchase Sentiment Index still shows 82% of consumers reporting that it’s a “bad time to buy.”

Precipitated by Fitch’s downgrade of the sovereign rating of the U.S., many in the industry voiced their opposition to the downgrade of Fannie Mae and Freddie Mac’s rating from 'AAA' to 'AA+.’

Multiple years of applicant tax data will help lenders precisely calculate income quickly, expanding options for income verification.

During a recent House Financial Services Subcommittee on Financial Institutions and Monetary Policy meeting, Greg Coleman of the Office of the Comptroller of the Currency noted that “the OCC’s role is to ensure that national banks and federal savings associations understand their climate-related financial risks and develop comprehensive risk management frameworks and capabilities to identify, measure, monitor and control those risks.”

The size of the GSE’s Green MBS issuance doubled from 2021 to 2022, reflecting market demand for green homes and environmentally focused investments.