Geographic Diversification Limits Impact of Ian on Fannie Mae November 4, 2022 Dennis Hollier None of Fannie's multifamily CRT transactions has an exposure to storm damage exceeding 1% of UPB.Read More
Fannie Announces Winning Bidder for Latest CIP Pool November 4, 2022 Dennis Hollier A nonprofit specializing in housing for the homeless, aged, and persons with mental disabilities wins the auction on 16 nonperforming loans in Miami.Read More
Effective Prefunding Reviews Strengthen Quality Control November 4, 2022 Dennis Hollier Prefunding reviews allow the lender to identify defects while the loan is being manufactured, potentially avoiding costly repurchases.Read More
Freddie Integrates New Cash Flow Data Into LPA November 4, 2022 Dennis Hollier Automated payroll deposits and timely payment of utilities and cell phone bills are about to enter the mortgage underwriting process.Read More
Freddie Prices Second SLST Deal of 2022 November 4, 2022 Dennis Hollier Freddie's latest NPL deal includes both guaranteed and unguaranteed tranches.Read More
Banks Seek Change in FHLBank Advance Capital Requirements October 21, 2022 Brandon Ivey FHFA applies a capital treatment to banks that differs from those used by federal banking regulators. The differences could limit banks’ ability to access Federal Home Loan Bank advances.Read More
Freddie Adds Monthly Cash Flow Activity to Underwriting October 21, 2022 Namrata Bhatia Freddie’s underwriting will include a review of a borrower’s bank account data to identify a history of positive monthly cash flow activity.Read More
Models Suggest Multiple Credit Scores Increase Risk October 21, 2022 Dennis Hollier If FHFA allows the GSEs to accept multiple credit scores, economists worry similar scores won’t indicate the same level of credit risk.Read More
OIG Maps FHFA’s 2023 Challenges October 21, 2022 Dennis Hollier FHFA must monitor model risk, people risk and resiliency risk at regulated entities, in particular at Fannie Mae and Freddie Mac.Read More
Smaller Lenders Call for FHFA’s Help on Tech Fees October 21, 2022 Brandon Ivey FHFA should address the fees charged by Intercontinental Exchange for use of the firm’s loan origination system, according to the CHLA.Read More