Freddie disclosed that prepayments on mortgages in 50,000 pools were sometimes not passed through to bondholders.

The GSEs’ regulator renews efforts to collect preferred language information from borrowers.

The Freddie veteran replaces Deborah Jenkins, who left in October.

New rules entitle manufactured home renters to be notified before rent increases or changes in community ownership. Manufactured homeowners receive more leeway to sell their homes, even if they’re in default.

Fannie and Freddie issued CRT on a record $1.052 trillion in UPB in 2021. That’s despite Fannie staying away for the first three quarters.

Loans that received an Automated Collateral Evaluation waiver had 9% fewer defaults than similar loans that didn’t, according to Freddie economists.

Fannie Mae’s first-quarter earnings declined due to higher loan loss provisions, while Freddie Mac posted higher profits on the back of credit-related income. (Includes data chart.)

The Federal Open Market Committee will begin letting agency MBS run off on June 1, but has no plans to actually sell securities.

The mortgage giant’s putative net worth jumped to $51.8 billion, but its shortfall in total adjusted capital increased to $272 billion.

While the Federal Reserve intervened in the mortgage market to lower rates, lenders did not pass along all the savings to homebuyers, the former Freddie chief said.