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Servicing
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Freddie Updates Fraud Reporting Requirements

September 6, 2024
Dennis Hollier
The mortgage giant has implemented a requirement that seller/servicers maintain and share records of the types of fraud they see as well as any specific fraud cases they’re aware of.
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Freddie Updates Seller Guides

August 23, 2024
Dennis Hollier
Freddie Mac bulletins clarify how single-family sellers should deal with self-employed income and the types of public records searches required for multifamily sellers.
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GSEs Working to Control Risks From Variety of Threats

August 9, 2024
Dennis Hollier
Freddie’s head of third-party oversight and governance recently outlined the main counterparty risks faced by the mortgage giant.
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Large Nonbanks Continue to Grow GSE Servicing Share

July 26, 2024
Dennis Hollier
Chase remains the largest servicer of GSE loans at the halfway mark this year, but a 16.4% surge in volume at Mr. Cooper Group, the number two GSE servicer, cut deeply into Chase’s lead. (Includes two data tables.)
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Freddie Updates LPA, Requiring Trended Data

July 26, 2024
Dennis Hollier
Freddie adds a new AIM provider, requires trended data in most credit reports.
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Freddie Multifamily Aces Master Servicer Evaluation

July 26, 2024
Dennis Hollier
S&P Global Ratings gives the Freddie asset management and operations team an “above average” ranking and a stable outlook.
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Redesigned URAR Eliminates Form Numbers

June 14, 2024
Dennis Hollier
Fannie Mae said the new Uniform Residential Appraisal Report will depend on six new property characteristics data points to let users know what information to provide.
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FHFA Executive Mollifies the Mortgage Industry

May 31, 2024
Dennis Hollier
Naa Awaa Tagoe, deputy director for housing mission and goals at FHFA, waded through some of the agency’s most recent controversies at the MBA’s secondary market conference.
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FHFA Orders More Relief for Troubled Borrowers

May 31, 2024
Dennis Hollier
Fannie Mae and Freddie Mac this week announced enhancements to their flex modification programs. The primary aim is to ensure that modifications result in a 20% reduction in P&I payments.
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FSOC Calls for FHFA, Ginnie Supervision of Nonbanks

May 17, 2024
Dennis Hollier
The Financial Stability Oversight Council last week endorsed FHFA’s years-long request for prudential regulatory authority over nonbank mortgage servicers.
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