Fannie/Freddie Issue Forbearance Update March 19, 2020 Dennis Hollier Fannie and Freddie said residential borrowers are expected to contact their servicer to set up forbearance plan.Read More
CHLA Asks FHFA to Delay New Financial Requirements March 18, 2020 Dennis Hollier CHLA recommends that FHFA only apply the new rules to companies with servicing portfolios exceeding $10 billion.Read More
Mortgage Industry Resumes Fight Against G-Fee Hike March 16, 2020 Dennis Hollier Earlier this month, 31 real estate-related trade groups sent a letter to Congress protesting the use of g-fees to fund non-housing-related activities. Read More
FHFA Reiterates Forbearance Amid Coronavirus Outbreak March 13, 2020 Dennis Hollier Borrowers are entitled to forbearance if unable to make their monthly mortgage payment due to the virus, the FHFA has reminded servicers.Read More
Industry Resumes Fight Against G-Fee Hike March 13, 2020 Dennis Hollier Mortgage industry trade groups have once again urged Congress to not allow the use of g-fees to fund non-housing-related activities.Read More
Presidential Candidates Have Plans for GSE Fees March 13, 2020 Dennis Hollier Wells Fargo Securities analysts said if there is going to be a hike in g-fees, it’s likely to be instigated by FHFA Director Mark Calabria.Read More
Fannie Introduces New CRT Products for Seasoned Loans March 13, 2020 Dennis Hollier 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.Read More
GSE Noncore Business: Volumes Wax, Percentages Wane March 13, 2020 Dennis Hollier Even as the percentage of GSE high-DTI loans fell, an odd thing happened: The actual dollar volume of these assets surged.Read More
SCOTUS and 5th Circuit Confuse Matters for FHFA and CFPB March 13, 2020 Dennis Hollier While the SCOTUS is still to decide on the CFPB’s fate, the Fifth Circuit Court of Appeals ruled the bureau is constitutional. FHFA implications.Read More
Audit Finds FHFA Unprepared to Regulate GSEs March 13, 2020 Dennis Hollier According to the FHFA IG, the agency is still not adequately staffed to assess the safety and soundness of Fannie and Freddie.Read More