The Federal Reserve published a hypothetical economic collapse for banks to use in their annual stress test this year. The same scenario might be used by FHFA for Fannie Mae and Freddie Mac.
The mortgage giant spelled out what servicers must do to ensure the GSE’s interests are protected by adequate property insurance on the collateral backing its mortgage loans. Fannie also hedges its bets on a lapse in the NFIP.
A Fannie survey highlights how sentiments have changed among condo lenders after Fannie Mae and Freddie Mac imposed new restrictions in the wake of the Surfside tower collapse in 2021.
Freddie Mac’s new $2,500 credit for buyers earning less than 50% of area median income closely resembles an initiative announced last month by Fannie Mae.
Resolve and its associated APIs have been tweaked to make them more efficient and improve the way lenders manage their mortgage relief and default activities.