The FHFAs HARP outreach effort includes public service announcements by Mike Aubrey, a real estate agent based in North Potomac, MD. He stars in a reality TV show, Power Broker, that premiered on HGTV in July
Fannie Mae and Freddie Mac are continuing to work on revised eligibility standards for mortgage insurance companies that likely will reduce the 25-to-1 maximum risk-to-capital ratio enjoyed by guarantors that cover their loans. Some type of guidance is expected, at least from one of the GSEs, by the end of October.
The common securitization platform project being overseen by the Federal Housing Finance Agency has picked the Maryland suburb of Bethesda as its home, according to industry officials briefed on the situation.
The Federal Housing Finance Agency this week issued a final rule requiring annual stress tests for Fannie Mae, Freddie Mac, and the Federal Home Loan Banks, as mandated under the Dodd-Frank Act.
Fannie Maes inadequate internal controls on outsourced servicer reimbursements and late-to-the-party oversight by the Federal Housing Finance Agency cost the GSE $89 million in overpayments last year, according to a recent report by the FHFA Office of Inspector General.
Will the White House ask Freddie to fork over its deferred tax assets? Holders of "junior preferred" and common class GSE stock hope to increase the value of their holdings. Fannie Mae kills its inactivity fee. And Fannie hires a manager for its part of the Common Securitization Platform.