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Home » Topics » Inside The GSEs » Servicing

Servicing
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Lower Courts Wrangle with SCOTUS’ Collins Decision

July 23, 2021
Dennis Hollier
Plaintiffs manage to find legal ammunition in what most Supreme Court observers believe was a slam dunk victory for the government.
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FHFA Expands Post-Moratorium Relief

July 9, 2021
Dennis Hollier
With the end of forbearance in sight for millions of borrowers, FHFA adds more protections for homeowners impacted by the pandemic.
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Fannie Tweaks Servicing Rules to Simplify Processes

June 25, 2021
Dennis Hollier
Fannie Mae alerts servicers to upcoming changes regarding how it will process payments and reimbursements.
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FHFA Holds Second Small Lender Listening Session

June 11, 2021
Dennis Hollier
Small lenders believe the GSEs should offer special programs for small servicers and rural appraisals. And like their larger competitors, they don’t like the new PSPAs.
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Nonbanks Help Freddie Gain Share in 1Q21 GSE Servicing

April 16, 2021
John Bancroft
A number of nonbanks added significantly to their Freddie servicing portfolios during the first quarter, raising the industry's stake to over half of the market. Meanwhile, delinquency rates fell sharply in early 2021. (Includes two data charts.)
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Nonbanks Take Lead in GSE Servicing Market in 4Q20

January 22, 2021
John Bancroft
A number of top nonbank servicers saw significant increases in their Fannie/Freddie servicing portfolios, while most big banks saw declines. The GSE market continued to fragment. (Includes two data charts.)
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Loopholes in Forbearance and Deferral Programs

December 18, 2020
Dennis Hollier
Section 4022, which covers forbearance under the CARES Act, does not include an explicit end date. According to the CSBS, this has led many to assume it ends on Dec. 31. The truth is less certain.
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Extending Moratoriums on Foreclosures a Costly Affair

December 4, 2020
Dennis Hollier
The FHFA has directed the GSEs to extend moratoriums on single-family foreclosures and real estate-owned evictions. The move is likely to cost the two mortgage giants between $1.1 billion and $1.7 billion.
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Sen. Brown Raises Concerns over Improper Foreclosures

November 6, 2020
Dennis Hollier
The senator flagged the risk of improper foreclosures if servicers begin the foreclosure process before a borrower has an opportunity to either extend forbearance or be evaluated for a modification.
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Fannie Says Some Loans Were Mistakenly Purchased Out of MBS

November 6, 2020
Dennis Hollier
Fannie released a table listing 1,221 pools that were impacted by a servicer reporting error.
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