Tag Archives: Freddie Mac

According to a recent outlook report from Freddie Mac, total U.S. home sales will come in slightly under 2016’s numbers. This is due to a drop in refinancing activity, rising interest rates, and declining affordability. The outlook predicts originations will drop more than 25 percent in 2017.

Fannie Mae and Freddie Mac have made headway on goals set forth in the 2016 Scorecard by the Federal Housing Finance Agency, according to the FHFA's Progress Report released on Wednesday. GSE efforts to improve credit access, assist borrowers, and reduce taxpayer credit risk were all noted in the agency's report. FHFA is currently soliciting comments on the Progress Report at FHFA.gov.

Since Fannie and Freddie were seized by regulators in 2008, a fix has been promised. As the two GSEs, which back close to 40 percent of U.S. home loans, face the threat of requiring aid, that need for a fix has become more urgent. Senators Corker and Warner are not assured that an overhaul will succeed.

The FHFA’s Credit Risk Transfer Report revealed a big uptick in GSE credit risk transfer for 2016. Fannie Mae and Freddie Mac transferred a combined $18 billion in credit risk on $548 billion mortgages for the year. Risk was transferred via a variety of debt issuances, insurance and reinsurance programs, and front-end transactions.

According to a recently released report by the Federal Housing Finance Agency (FHFA), foreclosures from Fannie Mae and Freddie Mac since the dawn of conservatorship reached 3.8 million as of Q4 2016. Overall however, serious delinquencies are down, along with short sales and REOs. FHFA also found that that the types of loan modifications offered are being influenced by the increase in home prices over the last couple of years.

One of the world’s top rating agencies warned on Monday that sweeping or high-level changes to Fannie Mae and Freddie Mac could unleash a host of unintended consequences on America’s housing-finance system and the global banking sector—just as they enter ...

Credit risk transfer is GSE’s largest whole loan securities deal to date. Deal includes $602M in guaranteed senior certificates backed by 1,227 super-conforming loans.

Freddie Mac may be moving toward backing loans that finance single-family rental (SFR) homes. If the reception is similar to when Fannie Mae backed Invitation Homes is January, expect mixed reactions from the industry.

In addition to low rates of serious delinquency, Freddie Mac reported a total mortgage portfolio increase rate of 3.7 percent in January.

On Thursday Bankrate, Freddie Mac, and Bloomberg all released week-over-week reports, detailing changes experienced in mortgage rates and other market-health indicators.