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Freddie Accelerates Payments to Small and Diverse Contractors

May 8, 2020
Dennis Hollier
Small and women/minority-owned businesses servicing Freddie will receive payment on their invoices at least 20 days earlier than stipulated.
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Mortgages Top the List of COVID-19-Related Criticisms

May 8, 2020
Yemeng Yang
Consumer criticisms regarding mortgages topped the list of coronavirus-related complaints filed with the CFPB in April.
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FHFA Clarifies: Impac’s MSR Sale Was Not Forced

May 7, 2020
Paul Muolo
Impac Mortgage Holdings is about to unload what’s left of its MSR assets. Meaning?
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Servicers Tap Prepayments; Relief From Agencies Limited

May 7, 2020
Brandon Ivey
The gap between when prepayment proceeds are received and when the funds must be transferred to agencies provides an opportunity for servicers to use the funds for forbearance-related advance payments.
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COVID-Related Charges Tank GSE Earnings

May 7, 2020
Dennis Hollier
A 91% drop in GSE earnings during 1Q has raised concerns about their second-quarter performance and exit from conservatorship.
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COVID-19 Fallout Hammers Freddie’s 1Q20 Revenue

April 30, 2020
The economic damage caused by the pandemic took a bite out of Freddie’s first-quarter results. More trouble lies ahead, including forced MSR transfers.
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Servicers Appeal to Congress for Help

April 30, 2020
Brandon Ivey and Dennis Hollier
After failing to get help from federal agencies, nonbank servicers’ lobbying efforts for a liquidity facility have shifted to Congress.
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The GSEs Need Specialty (COVID) Servicers (Now)

April 23, 2020
Paul Muolo
The GSEs reportedly are in the hunt to hire special servicers to handle COVID-19-related forbearance claims. The reason: Some nonbanks may be living on borrowed time.
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Industry Outraged at FHFA Over LLPAs on Forbearance Loans

April 23, 2020
Paul Muolo and Dennis Hollier
Mortgage bankers have been clamoring for liquidity help from the FHFA. This week, the agency delivered on the issue of the GSEs buying COVID-19-related forbearance loans, but then lenders read the fine print.
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Fannie, Freddie and Falling Forecasts

April 23, 2020
Dennis Hollier
Economists at Fannie and Freddie are “relatively optimistic” about mortgage originations in 2020, despite the economic impact of COVID-19. But not if social distancing remains in place beyond May.
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Latest Imf News

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