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FHFA Lowers Multifamily Purchase Caps for 2024

November 22, 2023
Dennis Hollier
FHFA Director Sandra Thompson said workforce housing exemptions should still encourage multifamily borrowers to preserve affordable housing for “extended periods.”
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Fannie Extends Positive Rent Payment Reporting Pilot

November 22, 2023
Dennis Hollier
More than 240,000 renters in properties with Fannie-backed loans reported their rent payments to credit bureaus using the Fannie pilot. Some 58% of them saw their FICO scores increase as a result.
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More Turnover at Top for Fannie: Benson to Retire

November 22, 2023
Dennis Hollier
Fannie veterans David Benson and Jeffery Hayward announce plans to retire.
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Fannie CRT Deals Shed Nearly $2 Billion in Credit Risk

November 22, 2023
Dennis Hollier
The mortgage giant executed five credit-risk transfer transactions in the space of a week.
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GSEs Find Ways to Profit in the Third Quarter

November 10, 2023
Dennis Hollier
Fannie Mae and Freddie Mac revenues ticked up in the third quarter, but an increase in net expenses cut into profits. Those expenses included damages and interest awarded to shareholders in Fairholme v. FHFA. (Includes data table.)
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GSEs Clear DTS Targets by a Narrow Margin in 2022

November 10, 2023
Dennis Hollier
Although Fannie Mae and Freddie Mac met their duty-to-serve obligations, that doesn't mean they achieved all their goals. Both enterprises received low scores in some categories.
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Fannie, Freddie Announce Tweaks to Selling Guides

November 10, 2023
Dennis Hollier
Fannie and Freddie have updated rules around employment contracts, shared appreciation and fluctuating income.
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Litigation: A Mixed Bag for GSE Shareholders

October 27, 2023
Dennis Hollier
The GSEs’ shareholders racked up one win and one loss last week in their legal battle to overturn the net worth sweep.
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GSEs Provide Details on Reps-and-Warranty Relief

October 27, 2023
Dennis Hollier
Fannie Mae and Freddie Mac released details on FHFA’s new policy of extending natural disaster-related reps-and-warranty relief to mortgagees impacted by the pandemic.
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Trouble Ahead for Move to Bi-Merge Credit Score Process

October 27, 2023
Dennis Hollier
If FHFA follows through on the shift from the tri-merge to a bi-merge system, two million borrowers currently eligible for a GSE mortgage would no longer qualify, according to a report from TransUnion.
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