The government-sponsored enterprises (GSEs) completed 539,451 foreclosure prevention actions during the third quarter of this year, according to new data from the Federal Housing Finance Agency (FHFA). The total number of GSE loans in forbearance plans totaled 1.04 million by ...
Read More »FHFA Announces Milestone Toward Ending Conservatorships
The Federal Housing Finance Agency (FHFA) released a final rule to the Federal Register for publication today that establishes a new regulatory capital framework for Fannie Mae and Freddie Mac, also known as the Enterprises. The final rule makes changes ...
Read More »FHFA Strategy Focuses on Post-Conservatorship Years
The Federal Housing Finance Agency (FHFA) has released an updated strategic plan that envisioned a path for ending the conservatorships of Fannie Mae and Freddie Mac that have been in place since September 2008. According to a statement issued by ...
Read More »FHFA Updates Policy on Single-family Mortgages in Forbearance
The Federal Housing Finance Agency (FHFA) has announced a one-month extension of its temporary policy of allowing the purchase of certain single-family mortgages in forbearance that meet specific eligibility criteria as set by Fannie Mae and Freddie Mac. The policy, ...
Read More »Industry Leaders Address Racial Inequalities, Refi Fees, and Technology
Representatives from organizations including FHFA, FHA, GSEs, and HUD all spoke during a virtual event this week by the Mortgage Bankers Association (MBA). See remarks from FHFA's Mark Calabria, here. The facilitator of a virtual event Tuesday said, during a ...
Read More »FHFA’s Calabria on Loan Extensions and New GSE Rule
FHFA Director Mark Calabria spoke Monday at a virtual event, where his session focused on the agency’s current priorities— the talk included two announcements, one about a new GSE-feedback rule, and the other related to extensions to loan flexibilities. Calabria ...
Read More »FHFA Releases Latest Mortgage Relief Numbers
The Federal Housing Finance Agency (FHFA) Thursday released its Q2 Foreclosure Prevention and Refinance Report. The report shows Fannie Mae and Freddie Mac, since the 2008 start of conservatorship, completed 252,014 foreclosure prevention actions. Overall, that brings the number of ...
Read More »Industry Reaction: Fannie and Freddie’s Adverse Market Fee
Both supporters and critics are weighing in on the “adverse market fee” or "market condition credit fee" introduced by the GSEs last week, under the authorization of the FHFA.
Read More »Preparing for the End of Forbearance
Editor's note: This piece originally appeared in the August 2020 edition of DS News, now available. It’s not too late for mortgage servicers to prepare for the next pandemic-driven event—a likely rise in loan modifications and loss mitigation requests. Charles ...
Read More »Will Recent Executive Order on Evictions Protect Homeowners?
President Donald Trump on Saturday signed an executive order he said would protect Americans from eviction, along with other items. While some housing experts and advocates are grateful for the effort, others say the White House could do more. President ...
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