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Home » Topics » GSEs » Freddie Mac

Freddie Mac
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Single-Family Business Drives Up Freddie’s Income in 3Q

October 30, 2024
Brandon Ivey
The average estimated guarantee fee on Freddie’s new single-family business in the third quarter was 57 basis points, up 3 bps from the second quarter.
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FHFA Expands Freddie Repurchase Pilot; Makes Moves on Appraisals

October 29, 2024
Dennis Hollier
FHFA Deputy Director Naa Awaa Tagoe announced several policy changes impacting the GSEs.
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Democrats Urge Regulators to Rein In FICO

October 21, 2024
Dennis Hollier
The Democrats calculate that the cost of a FICO score has increased by as much as 400% over the past two years.
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Short Takes: Strong Recapture Rate for Planet Home / Jumbo MBS From Redwood / New CRT From Freddie / Home Improvement Securitization

October 4, 2024
Brandon Ivey
Fitch Ratings upgraded its servicer ratings of Planet Home Lending, citing a strong recapture rate, among other attributes.
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Short Takes: Chase Wins Auction for NPLs From Freddie / GSE-Eligible Loans in Non-Agency MBS / RTL Securitization / More Funds From HUD to Combat Housing Discrimination

October 2, 2024
Brandon Ivey
An affiliate of JPMorgan Chase was the winning bidder on an auction by Freddie Mac of nonperforming loans with a balance of $188.3 million.
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Freddie Updates Servicing Guidelines for Mods, Fraud

September 25, 2024
Brandon Ivey
Beginning Dec. 9, servicers must use Freddie’s Resolve default management tool to complete the following actions: charge-offs, foreclosure sale reporting, custom modifications, deed-in-lieu of foreclosure and third-party foreclosure sale settlements.
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Refi Volume Ramps Up in Agency MBS Market

September 12, 2024
John Bancroft
Purchase-money mortgages accounted for 82.5% of agency MBS issuance during August, though the refinance share is growing.
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Lenders Advised to Work on GSE Credit Score Transition

September 12, 2024
Dennis Hollier
Previous industry changes — the Uniform Mortgage Data Program, the single security initiative and the transition away from the London Interbank Offered Rate — took longer than expected to put into place and caught some stakeholders flat-footed.
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Freddie Appoints Diana Reid as CEO

September 10, 2024
Dennis Hollier
The selection of Diana Reid means Freddie Mac, Fannie Mae and FHFA are now all run by female executives.
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Short Takes: Non-QMs From The Loan Store in MBS / Inventory of Homes for Sale Increases / Freddie Selling NPLs

September 5, 2024
Brandon Ivey
The Loan Store acquired Homepoint Financial’s wholesale lending operations last year.
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