Tag Archives: Freddie Mac

Exactly what changes can sellers and servicers of mortgages owned or guaranteed by Freddie Mac expect in the coming year regarding the way that they do business?

The GSEs have made helping families avoid foreclosure a top priority since the housing crisis hit the nation seven years ago.

The loans are three years delinquent on average and approximately one-third of them have previously been modified and subsequently became delinquent.

Eight of the nine members of the Financial Stability Oversight Council testify Tuesday before the House Financial Services Committee. Any realistic movement toward GSE reform leads to the FSOC, so what they say Tuesday will echo through the industry.

“Releasing this data now will help give potential credit investors sufficient time to analyze Freddie Mac's actual loss performance,” said Kevin Palmer, SVP of Credit Risk Transfer at Freddie Mac.

Stakeholders in the mortgage industry question whether or not a takeover by Wall Street banks would help the industry. Some say not only would it not help the industry, but it would be harmful. Did three top housing policy officials advocate for their private sector clients after leaving their government positions?

Antonio Weiss, Counselor to the Treasury Secretary, reiterated his stance against Treasury allowing for the recapitalization of Fannie Mae and Freddie Mac and releasing them from the FHFA’s conservatorship, stating that “This approach is simply a bad deal for taxpayers and homeowners alike.”

The bill "suspends compensation packages approved for 2015 for the chief executive officers of the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, and any of their affiliates, and reinstates the compensation and benefits previously in effect," the statement said.

Expansion was rare for the GSE's total mortgage portfolio from 2010 to 2014. But in 2015, it has been the norm.

The FHFA has announced Fannie Mae's and Freddie Mac's maximum conforming loan limits for next year, and they will remain the same in most of the country. What areas will see an increase?