Secondary Market

Fannie Mae disclosed the result of its fourth reperforming loan sale recently. The deal was originally announced back on August 10, 2017, and included 10,700 loans totaling and unpaid principle balance of $2.43 billion.

Freddie Mac released a join bulletin with Fannie Mae Wednesday that updates its guidelines for standard servicing policies, which are unrelated to its special initiatives to aid those affected by the hurricanes that have ravaged the continental United States.

Affordability is down for both homeowners and single-family rentals, according to data released by Freddie Mac. The GSE also announced measures to help make mortgages more affordable for borrowers with high loan-to-value ratios.

In a Freddie Mac Perspectives blog, Kevin Palmer, SVP of Single-Family Credit Risk Transfer, explained how credit risk transfers and Guarantee fees have much more in common that one might think—one gives Freddie Mac significant insight into the other.

Kevin Palmer, SVP of Single-Family Credit Risk Transfer at Freddie Mac, on how credit risk transfers are indicating whether Freddie's Guarantee fees are in line with what the private market would charge.

It has been three days since Hurricane Harvey made landfall off the coast of Texas, and shows little sign of letting up anytime soon. Houston, in particular, was especially ravaged by the deluge, which received 25 inches of rain in two days. But many properties with federally-insured mortgages sit outside Special Flood Hazard Areas, and aren’t required to have flood insurance . . .

FHFA Director Mel Watt said the topic of alternative credit score models has been among the most difficult evaluations he’s undertaken in his tenure, and with all the arguments for and against it, it’s understandable why.

Through its new automated collateral evaluation (ACE), Freddie Mac is working to automate its appraisals for potential homebuyers and homeowners looking to refinance. Take a look at when it will become available and how properties qualify here.

Jamie Dimon of JPMorgan Chase released an official comment in response to the disbanding of President Trump’s manufacturing and business advisory councils, outlining his thoughts on the responsibilities of a leader.

The FHFA has extended the deadline for HARP three times, but Thursday they extended it once more. Will this be the last time, or are there still more homeowners to help?