The GSEs have extended their forbearance programs to include multifamily borrowers and renters experiencing hardship due to COVID-19.

One mortgage REIT is already feeling the effects of the GSEs’ move to unwind an obscure credit-risk transfer program by yearend.

Borrowers are entitled to forbearance if unable to make their monthly mortgage payment due to the virus, the FHFA has reminded servicers.

Mortgage industry trade groups have once again urged Congress to not allow the use of g-fees to fund non-housing-related activities.

Wells Fargo Securities analysts said if there is going to be a hike in g-fees, it’s likely to be instigated by FHFA Director Mark Calabria.

The new products will allow Fannie to shed some of its credit risk and also reduce the amount of capital it has to hold against these loans.

Even as the percentage of GSE high-DTI loans fell, an odd thing happened: The actual dollar volume of these assets surged.

According to the FHFA IG, the agency is still not adequately staffed to assess the safety and soundness of Fannie and Freddie.

Over the past six weeks, Freddie has issued eight multifamily offerings totaling $6.1 billion, and Fannie more than $10 billion.

Although only a minuscule share of GSE loans are subject to buyback requests, officials still keep a spotlight on the issue. Fannie recently refreshed its seller QC self-assessment. (Includes data chart.)