Freddie Mac Archives

NAHREP recognizes top 250 Latino mortgage originators

June 14, 2024 mpsingh No Comments Real estate Freddie Mac, Latino, Mortgage, mortgage origination, NAHREP, originators, recognizes, Top

The National Association of Hispanic Real Estate Professionals (NAHREP) this week released the 10th edition of its annual Top 250 Latino Mortgage Originators rankings, honoring the top-performing Latino mortgage originators across the country. For the second year running, DHI Mortgage earned the top position in the report among all companies, followed by Guaranteed Rate and [...]read moreNAHREP recognizes top 250 Latino mortgage originators

FHFA seeks public comment on GSEs’ underserved markets plans

June 13, 2024 mpsingh No Comments Real estate comment, Fannie Mae, FHFA, Freddie Mac, GSEs, Markets, Plans, Public, Regulatory Compliance, seeks, underserved

The Federal Housing Finance Agency (FHFA) this week issued a public request for information for plans submitted by government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac under the Duty to Serve (DTS) program that aims to serve underserved markets from 2025 through 2027. Established by the Housing and Economic Recovery Act (HERA) of 2008, the [...]read moreFHFA seeks public comment on GSEs’ underserved markets plans

What’s new in QC and Compliance

June 11, 2024 mpsingh No Comments Real estate ACES Quality Management, Compliance, Fannie Mae, Freddie Mac, quality control, Regulatory Compliance, Whats

In a market where every dollar matters, revenue retention areas like quality control and compliance are more critical than ever. Thus, keeping abreast of regulatory and investor updates and trends is vital to maintaining loan quality and compliance. Trevor Gauthier, chief executive officer at ACES Quality Management provides us with an update on the latest [...]read moreWhat’s new in QC and Compliance

GSEs update Flex Modification program, target 20% P&I reduction

May 30, 2024 mpsingh No Comments Real estate Fannie Mae, FHFA, Flex, Freddie Mac, GSEs, Loss Mitigation, Modification, Mortgage Servicing, Program, reduction, target, Update

Fannie Mae and Freddie Mac on Wednesday announced an update to one of their loss-mitigation solutions known as Flex Modification. The government-sponsored enterprises (GSEs) are now targeting a 20% reduction in principal and interest (P&I) payments to keep borrowers facing permanent financial stress in their homes. “The Enterprises have completed over half a million modifications [...]read moreGSEs update Flex Modification program, target 20% P&I reduction

‘Not HELOC. Not piggyback.’ Freddie Mac exec defends new product proposal amid resistance

May 24, 2024 mpsingh No Comments Real estate closed-end seconds, defends, exec, Featured Homepage, Freddie, Freddie Mac, HELOC, Home Equity, HWmember, Mac, piggyback, product, proposal, resistance

“What we are bringing forward, called closed-end second lien, assuming a FHFA approval, will provide them an alternative to the cash-out refi,“ he said. “If someone has a $300,000 mortgage and wants to get $50,000 out, they don’t have to reprice their whole first home mortgage to the rates currently at 7%.“ Mittal spoke to HousingWire on [...]read more‘Not HELOC. Not piggyback.’ Freddie Mac exec defends new product proposal amid resistance

With elections ahead, housing policy analysts discuss the end of GSEs’ conservatorship

May 23, 2024 mpsingh No Comments Real estate ahead, analysts, Conservatorship, Department of the Treasury, Discuss, elections, Fannie Mae, Featured Homepage, Freddie Mac, GSEs, Housing, HWmember, Policy

Isaac Boltansky, managing director and director of policy research at BTIG, said on Tuesday that he does not believe “a second Biden administration is going to move quickly towards” addressing some technical issues to end the GSEs’ conservatorship. In his opinion, the Biden administration may focus on initiatives to improve affordability, which may increase demand [...]read moreWith elections ahead, housing policy analysts discuss the end of GSEs’ conservatorship

Freddie Mac’s controversial gambit into home equity: Is more liquidity a bad thing?

Peter Van Gelderen, co-head of Global Securitized at TCW, a leading global asset management firm, said this means there could potentially be two new and unique products unveiled on the agency side: CES loan purchases and a related credit-risk transfer product designed to shift some of the agency CES risk to private investors. “In the current [...]read moreFreddie Mac’s controversial gambit into home equity: Is more liquidity a bad thing?

Trade groups express concern to FHFA over historic credit data

May 14, 2024 mpsingh No Comments Real estate Concern, Credit, Data, Express, Fannie Mae, FHFA, Freddie Mac, Government-Sponsored Enterprise, Groups, Historic, Housing Policy Council, Mortgage Bankers Association, trade

A coalition of trade organizations — including the American Bankers Association (ABA), the Housing Policy Council (HPC), the Independent Community Bankers of America (ICBA), the Mortgage Bankers Association (MBA) and U.S. Mortgage Insurers — sent a letter on Monday to the Federal Housing Finance Agency (FHFA) to express concerns about the FHFA’s intent to publish [...]read moreTrade groups express concern to FHFA over historic credit data

HUD and FHA announce new appraisal bias protections

May 2, 2024 mpsingh No Comments Real estate announce, Appraisal, Appraisals, bias, Fannie Mae, FHA, FHFA, Freddie Mac, HUD, protections

The U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) announced a new policy on Wednesday that will enable mortgage borrowers to “request a re-assessment of the appraised value of their property if they believe that the appraisal was inaccurate or biased,” according to an announcement from HUD. “The Reconsideration [...]read moreHUD and FHA announce new appraisal bias protections

CHLA president addresses various consumer protection measures

April 26, 2024 mpsingh No Comments Real estate Addresses, CFPB, CHLA, Consumer, Credit Score, Fannie Mae, Freddie Mac, Ginnie Mae, HWmember, Measures, president, protection, The Gathering

Having just enough time to review the broad strokes of the CFPB’s announcement immediately before taking the stage, Stork said that he is supportive of certain recent efforts by the bureau, including caps to overdraft fees on credit card purchases. “As a consumer, I applaud those kinds of measures,” he said. “I haven’t read all [...]read moreCHLA president addresses various consumer protection measures