For the first eight months of 2015, Fannie Mae's gross mortgage portfolio has contracted at an annualized rate of 12.6 percent; the only two months that saw expansion were January and March at a rate of 3.5 percent and 7.8 percent, respectively.
Read More »Modified Fannie Mae and Freddie Mac Loans Perform Better When Done Through HAMP
Single-family mortgage loans backed by Fannie Mae and Freddie Mac perform better after modification when they are modified through the government's Home Affordable Mortgage Program (HAMP), according to the FHFA's Foreclosure Prevention Report for Q2 2015 released this week.
Read More »Fannie Mae’s and Freddie Mac’s Increased Loss Mitigation Efforts Pay Dividends
REO inventory for Fannie Mae and Freddie Mae dropped by 14 percent during Q2, down to 86,515 for the two GSEs combined, as property dispositions continued to outpace property acquisitions. It was the first time the REO inventory for the GSEs has been below 100,000 since 2009.
Read More »Fannie Mae Completes Risk Sharing Transaction for $7 Billion Worth of Loans
This transaction is the fourth in Fannie Mae's Credit Insurance Risk Transfer (CIRT) series, and third since the start of 2015. In the CIRT series, credit risk for a pool of loans is transferred to a panel of reinsurers.
Read More »Fannie Mae Utilizes Technology to Achieve Housing Goals
Fannie Mae has built a strong and flexible technology organization in order to help the Enterprise more efficiently achieve its goals, which are to help provide people with access to affordable mortgage credit and to reduce risk to the taxpayer, according to a commentary from Bruce Lee, SVP and Chief Information Officer at Fannie Mae.
Read More »Former Fannie Mae Executives Settle With SEC Over Subprime Exposure Claims
The Commission's lawsuit claimed that during the years 2007 and 2008 immediately before the crisis, Fannie Mae executives said their exposure to subprime and riskier mortgage loans was about $4.8 billion when it was about 10 times greater.
Read More »Economic Improvement Predicted for the Rest of 2015 Despite Market Volatility
Fannie Mae's Economic and Strategic Research (ESR) Group found that consumer spending and other solid domestic fundamentals are predicted to be key drivers of the rest of the year economic growth.
Read More »Bill to Cap Fannie Mae and Freddie Mac CEOs’ Pay Passes in U.S. Senate
S.236, known as the Equity in Government Compensation Act of 2015, was co-sponsored Sen. David Vitter (R-Louisiana) and Sen. Elizabeth Warren (D-Massachusetts).
Read More »New Bill to Recapitalize Fannie Mae and Freddie Mac is Introduced
As Fannie Mae and Freddie Mac celebrate their seven-year anniversary of conservatorship, new legislation is being drafted in the U.S. House of Representatives that will allow them to establish more capital and prevent another taxpayer-sponsored bailout.
Read More »Housing Sentiment Drops Amid Economic Concerns
The index found that 63 percent of respondents indicated that now is a good time to buy a home, up 2 percentage points from last month, while 47 percent said that now is good time to sell a home and 44 percent say it's a bad time.
Read More »