The only rule explicitly stated by the GSEs is “forbearance does not mean payments are forgiven.” Meanwhile, the FHFA and CFPB have joined hands to protect consumers from fraudulent forbearance activities.

An FHFA spokesperson said that, while Director Mark Calabria hasn’t issued a specific directive on providing credit, he has made it very clear that Fannie and Freddie must prioritize their own safety and soundness.

Former Freddie Mae CEO Don Layton suggests short- and long-term solutions for the liquidity problems faced by nonbank mortgage servicers.

Milbank has won a one-year, $3 million contract from the FHFA to provide legal services related to ending the conservatorships.

If the coronavirus crisis goes on for more than six to eight weeks, FHFA Director Mark Calabria sees mortgage servicers under “a lot of stress.”

Fannie and Freddie are providing “alternative flexibilities” to reduce the need for appraisers to inspect the interior of a home.

Federal Reserve operations this week swallowed up more than $39.8 billion in agency MBS, including about $31.7 billion in uniform MBS.

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

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

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.