What Fannie Mae predicts for 2024
Fannie Mae economists suggest home sales will remain resilient amid anticipated dips in both home loan volume and consumer spending.
GSEs
Freddie Mac’s profits rise with steadying home price growth
The government-sponsored enterprise financed 955,000 mortgages last year, down from the 1.8 million loans it backed in 2022.
Delinquent loans on GSE books lowest since 2019
But Fannie Mae and Freddie Mac conducted no private-market sales of nonperforming loans early last year as adjustments were made to the program.
Fannie Mae selling billions of dollars worth of reperforming loans
The mortgages are part of a program that received congressional scrutiny earlier this year.
Freddie Mac selling $628 million in nonperforming loans
The government-sponsored enterprises have consistently earmarked some distressed loans for community, nonprofit and minority investors. Certain Democrats want more.
Will two newer credit scores beat a single older one for mortgages?
Industry executives coming off a tough year are wondering what the transition will cost and how many borrowers it'll bring in.
Fannie Mae’s CAS 2023-R05 looks to raise $738.2 million in MBS
A vast majority of the pool, 86.35%, consists of primary homes. Investment properties and secondary homes, meanwhile, account for 11.29% and 2.36% of the collateral.
Fannie Mae, Freddie Mac foreclosures rise, delinquencies dip
Over one-third of the struggling borrowers who received recast loan terms in the first quarter cut their monthly obligation by 20% or more.
Fannie Mae, Freddie Mac ended 2022 ‘critically undercapitalized’
Fee hikes at the government-sponsored enterprises are one remedy, the government-sponsored enterprise's regulator noted in its annual report to Congress.
FHFA’s Thompson blames “certain media” for distorting info about fees
During her opening remarks before lawmakers Tuesday, the head of the Federal Housing Finance Agency reiterated that borrowers with strong credit profiles are not being penalized to benefit those with poorer scores.
Bills seek to roll back recent change to mortgage pricing
The legislative proposals backed by Republican members of congress seek to undo the latest cross-subsidized adjustments to loan fees that two large government-related mortgage investors charge.
Loan modifications at GSEs dropped, but signs of early distress emerge
Foreclosure prevention actions overall fell for the sixth time in seven months in October, according to the FHFA.
Federal Home Loan banks should include nonbank lenders, advocates say
The Federal Housing Finance Agency got an earful from housing experts at a listening session intended to aid a comprehensive review of the financing system.
Fannie Mae promotes two longtime leaders to key positions
Chryssa Halley, who has been with the company since 2006, was named CFO and Jim Holmberg was named controller.
Fannie Mae’s earnings soar to $7.2B as it sets a purchase loan record
While the hot market’s actual and forecast home price gains were key drivers of Fannie’s results, they also present a challenge to the affordable housing mission that it’s working to address.
Fees paid to Fannie and Freddie could help fund infrastructure plan
A hike in guarantee fees charged to lenders for the companies’ backing of loans was due to expire this year, but lawmakers now want to extend it to raise $21 billion for the bipartisan package.
Nonbank lenders balk at Ginnie Mae capital plan
The guarantor has for the first time proposed a risk-based capital requirement for companies not subject to other federal regulation. The industry says the plan, which would impose a heavy charge for servicing portfolios, could drive lenders away from government-backed programs.
FHFA ending fee meant to cover Fannie, Freddie’s COVID-related losses
The agency’s new chief said eliminating the “adverse market fee” — in place since December — will make it easier for families to refinance while mortgage rates are still low.
Fannie Mae, Freddie Mac loan modifications reach a pandemic high
The return of more normalized numbers for two key players in the home loan market could be the lead-up to a wave that’s been anticipated since the coronavirus arrived.
FHFA lowers bar for distressed borrowers seeking loan modifications
The change makes it easier for borrowers exiting forbearance to get access to home retention options that might otherwise be out of reach due to skyrocketing home prices.
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