Higher AMIs in most counties mean more borrowers are eligible for the GSEs’ affordable housing programs.

In an SEC filing, the mortgage giant announced that it has entered into a “mutual non-disparagement agreement” with Donna Corley, departing head of single-family.

Freddie taps multifamily veterans Corey Aber and Erlita Shively for new vice president positions.

Freddie’s asset and income modeler, which became available nationwide this week, will short-circuit the 10-day verification of employment process for borrowers who opt in.

The White House action plan for increasing the supply of affordable housing largely piggybacks on the duty-to-serve plans of Fannie Mae and Freddie Mac.

According to the former FHFA chief, given the state of the mortgage and equity markets, Fannie Mae won’t survive another round of home price depreciation.

FHFA and Treasury haven’t discussed how to make the 2021 changes to the PSPAs permanent or whether to ease the capital requirements for the GSEs.

Trade groups are resigned to whatever model FHFA chooses, but they need data on how it performs compared to FICO to set up their own systems and procedures.

Donna Corley, Freddie’s head of single-family, said borrowers will soon be able to use the Choice Renovation product to finance the construction of accessory dwelling units and count the rent toward income.

With their unguaranteed subordinate tranches, the K-series was the first enterprise security to transfer credit risk to private investors.