Government

In an effort to reduce the size of its retained mortgage portfolio, Freddie Mac has sold 88 non-performing residential first-lien loans as part of the GSE’s Extended Timeline Pool Offering.

The Department is bolstering its program to promote digital inclusion for American families, which builds on its ongoing work with the FCC to ensure all HUD-assisted families enroll in the Affordable Connectivity Program. Read on to find out why HUD is, for the first time since 2020, accepting new communities into the initiative.

The newly introduced VA Home Loan Awareness Act of 2023 is designed to “make the dream of homeownership a reality for more military families.” Click through to learn what changes this Act would implement.

CRT, or the Credit Risk Transfer program, was launched by Fannie Mae 10 years ago. A new Fannie Mae blog examines how the program has performed since its inception.

HUD Secretary Marcia L. Fudge said, “The Green and Resilient Retrofit Program continues to improve our nation’s climate resilience by making sure low-income families and individuals have access to affordable housing that is strong, healthy, and energy efficient.” Click through to learn more.

Customers will be delighted to know that the CFPB has their back and is helping large banks stop charging junk fees for basic customer service.

"Forbearance was an invaluable tool for borrowers experiencing financial hardship due to the COVID-19 pandemic," said FHFA Director Sandra L. Thompson. Here’s what the announced change means for the industry.

MBA forecasts that unemployment increases, a rise in property taxes, the resumption of student debt payments, and the potential for natural disasters will impact loan performance in the future months. Here’s what September’s forbearance data reveals.

In line with Hispanic Heritage Month, the Department of Housing and Urban Development has launched a new task force dedicated to empowering the Hispanic community and bridging disparities in housing, procurement, and housing practices.

New commentary from Fannie Mae revealed the ESR Group is warning that while rates are moving rapidly again, they are expected to weigh on consumption and business investments over time. Experts now project a significant slowing trend in economic growth through the end of the year and into 2024.