Freddie Warns of Russian Malware Following Ukraine Invasion March 25, 2022 Dennis Hollier Following a joint warning from the FBI and the CISA, Freddie Mac reminded its seller/servicers about their role in preventing cyberattacks.Read More
FHFA Reproposes Eligibility Standards for GSE Seller/Servicers February 25, 2022 Dennis Hollier The new requirements would distinguish between large and small servicers and whether that servicing covers GSE loans or Ginnie Mae loans.Read More
Freddie Mac Thumbs Its Nose at Cryptocurrency December 10, 2021 Dennis Hollier Bitcoin and its competitors remain unwanted in the U.S. mortgage market.Read More
Adverse Market Fee to Stay Until December (at Least) April 16, 2021 Dennis Hollier FHFA says it has not “extended” the fee because it never announced an end date. Nevertheless, it will review the financial situation in October.Read More
Fannie Introduces New Features to its Desktop Underwriter Program February 19, 2021 Dennis Hollier The new version of Fannie’s DU program will penalize student debt and income from auxiliary units but reduce the sting of self-employed income.Read More
Blend Enhances Integration with Freddie Loan Product Advisor January 8, 2021 Dennis Hollier In 2019, Blend became the first digital lending platform approved for Freddie’s asset and income modeler. Read More
GSEs Set Schedule for LIBOR/SOFR Switch June 5, 2020 Dennis Hollier After Sept. 15, Fannie Mae and Freddie Mac will no longer accept LIBOR loan applications. Moreover, the FHFA and the GSEs expect all loan purchases linked to the London benchmark to cease by yearend.Read More
Appraisals and Income Verification Guidance Amid COVID-19 March 27, 2020 Dennis Hollier Fannie and Freddie are providing “alternative flexibilities” to reduce the need for appraisers to inspect the interior of a home.Read More
Multifamily Borrowers and Renters also Get Relief March 27, 2020 Dennis Hollier The GSEs have extended their forbearance programs to include multifamily borrowers and renters experiencing hardship due to COVID-19.Read More
FHFA Reiterates Forbearance Amid Coronavirus Outbreak March 13, 2020 Dennis Hollier Borrowers are entitled to forbearance if unable to make their monthly mortgage payment due to the virus, the FHFA has reminded servicers.Read More