Tag Archives: Freddie Mac

Freddie Mac launched Take Root Milwaukee five years ago, at the height of the foreclosure wave, with the idea that government agencies, financial institutions, and the real estate industry could unite to protect residential neighborhoods by forming a single network that residents can contact with one click or phone number.

"Congress needs to put a stop to the planned multi-million dollar paydays at Fannie Mae and Freddie Mac," Royce said upon the announcement that his bill was scheduled for markup. "Holding compensation packages at taxpayer-backed organizations to responsible limits is in the interest of the public trust."

The serious delinquency rate on Freddie Mac-backed single-family residential mortgage loans fell by another 5 basis points from May to June, down to 1.53 percent.

Freddie Mac recently announced the election of Lance F. Drummond as a director on the Enterprise's board. Drummond, 60, is a senior business leader with extensive experience specializing in business transforming strategy development and execution, operations, technology, and process re-engineering.

Fairholme Funds made the request in court against the GSEs, claiming that their investor ownership stake was taken unlawfully from them by the government when the conservatorship occurred. Fairholme's efforts are a step toward getting their ownership stake returned to them.

The 79.2 value for the latest MiMi, which was released Wednesday, indicated a weak overall housing market but improved by 0.71 percentage points from April to May and by more than 2 percentage points over the three-month period from the beginning of March to the end of May. The MiMi value improved by more than 4 percentage points year-over-year in May, according to Freddie Mac.

More than half of the nearly 3.5 million foreclosure prevention actions completed by Fannie Mae and Freddie Mac since the start of the conservatorships in September 2008 were permanent loan modifications, according to FHFA.

Freddie Mac obtained insurance policies through these ACIS transactions that move much of the remaining credit risk associated with two Structured Agency Credit Risk (STACR) debt notes executed earlier this year to a panel of insurers and reinsurers.

The author called first-time homebuyers “inherently different from repeat homebuyers. They are younger and have lower credit scores, lower home equity, and less income and, therefore, are less likely to withstand financial stress or take advantage of financial innovations available in the market than repeat homebuyers.”

FHFA, Freddie Mac's conservator, stated in its 2014 Report to Congress released in June that "FHFA's expectation is that the sale of seriously delinquent loans through non-performing loan sales will result in more favorable outcomes for borrowers, while also reducing losses to the Enterprises, and, therefore, to taxpayers."