MBA found that 12.8% of mortgages are in what’s called “initial” forbearance while 82.3% are in forbearance extension. “The remaining 4.9% are forbearance re-entries.”
Mark Calabria: "Just like other large financial institutions, these plans will provide Fannie Mae, Freddie Mac and FHFA with a roadmap for preserving business continuity should they fail again."
New York-based real estate investment trust unveiled plans to deploy as much as 10% of its capital — roughly $1.5 billion — in this sometimes volatile asset.
Fannie and Freddie once again turned in stellar results. In the first quarter, profits increased along with their net worth positions. (Includes data chart.)
“March 31 servicing marks were up significantly from where they were at Dec. 31,” said George Christo, executive vice president of The Prestwick Group.
Both companies — wards of the federal government since the fall of 2008 — have benefitted from record originations, which in turn have juiced secondary market transactions, and subsequently their profits.