Fannie Mae has added three new attributes to its daily prepayment report for mortgage-backed securities. The enhancements will provide timely data on principal reductions.
The mortgage giant spelled out what servicers must do to ensure the GSE’s interests are protected by adequate property insurance on the collateral backing its mortgage loans. Fannie also hedges its bets on a lapse in the NFIP.
The capital markets teams at Fannie and Freddie churned out a reperforming loan sale, a Guaranteed Multifamily Structures deal and a Structured Agency Credit Risk transaction.
A Fannie survey highlights how sentiments have changed among condo lenders after Fannie Mae and Freddie Mac imposed new restrictions in the wake of the Surfside tower collapse in 2021.
Despite winning a massive jury award in August, GSE shareholders are still squabbling with the government over how those damages should be distributed.
Freddie Mac’s new $2,500 credit for buyers earning less than 50% of area median income closely resembles an initiative announced last month by Fannie Mae.
RSS