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.
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.
The Mortgage Bankers Association has asked the SEC to review the margin requirements in Rule 4210, arguing that lenders use to-be-announced securities to hedge their interest rate exposure rather than for speculation purposes.
About half of the FHFA officials who were supposed to review SEC filings of Fannie Mae and Freddie Mac for the second quarter of 2021 failed to appropriately certify accuracy.
With some mortgage companies trading below their liquidation value, is now the time to stage a takeover? It depends. Meanwhile, former FHFA Director Mark Calabria this week broke his silence on what may lie ahead for Fannie Mae and Freddie Mac.