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FHFA Lowers Multifamily Purchase Caps for 2024

November 22, 2023
Dennis Hollier
FHFA Director Sandra Thompson said workforce housing exemptions should still encourage multifamily borrowers to preserve affordable housing for “extended periods.”
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Fannie Extends Positive Rent Payment Reporting Pilot

November 22, 2023
Dennis Hollier
More than 240,000 renters in properties with Fannie-backed loans reported their rent payments to credit bureaus using the Fannie pilot. Some 58% of them saw their FICO scores increase as a result.
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More Turnover at Top for Fannie: Benson to Retire

November 22, 2023
Dennis Hollier
Fannie veterans David Benson and Jeffery Hayward announce plans to retire.
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Fannie CRT Deals Shed Nearly $2 Billion in Credit Risk

November 22, 2023
Dennis Hollier
The mortgage giant executed five credit-risk transfer transactions in the space of a week.
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GSEs Find Ways to Profit in the Third Quarter

November 10, 2023
Dennis Hollier
Fannie Mae and Freddie Mac revenues ticked up in the third quarter, but an increase in net expenses cut into profits. Those expenses included damages and interest awarded to shareholders in Fairholme v. FHFA. (Includes data table.)
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Industry Skeptical About FHFA’s Plans for FHLBanks

November 10, 2023
Dennis Hollier
The regulator’s plan to refocus the FHLBanks on housing finance may take some time to get underway. Changing the eligibility requirements for membership, though, doesn’t seem to be likely.
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GSEs Clear DTS Targets by a Narrow Margin in 2022

November 10, 2023
Dennis Hollier
Although Fannie Mae and Freddie Mac met their duty-to-serve obligations, that doesn't mean they achieved all their goals. Both enterprises received low scores in some categories.
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Fannie, Freddie Announce Tweaks to Selling Guides

November 10, 2023
Dennis Hollier
Fannie and Freddie have updated rules around employment contracts, shared appreciation and fluctuating income.
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Freddie Returns to the Tender Offer Well

November 10, 2023
Dennis Hollier
As the GSEs try to redeem uneconomic credit-risk transfer notes from investors, the premiums offered continue to shrink.
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Freddie Mac Updates Default Management Solution

November 10, 2023
Dennis Hollier
Servicers should see several enhancements to Freddie’s Resolve platform and its APIs, including a dashboard they can use to manage their pipeline and track charge-offs.
Read More
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Latest Imf News

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