Fannie, Freddie Earnings Impacted by Interest Rates May 9, 2024 Dennis Hollier Fannie and Freddie are facing portfolio losses due to the mortgage market.Read More
Short Takes: Fannie Offers Direct Calculation for Self-Employment Income / New CES Issuer / Another Loss for Blend / Freddie Offers CRT May 9, 2024 Brandon Ivey To this point, access to Fannie's income-calculation tool was only available through third parties.Read More
Lenders See Benefits in Freddie’s Plan for Seconds May 7, 2024 Dennis Hollier PennyMac Financial Services CEO David Spector said he’s “very supportive of the GSEs getting into second-lien origination.”Read More
Short Takes: GSEs Revise Guides / Purchase-Mortgage Lending Increases at Zillow / Fairway Touts LO Recruits / Annaly Fast With MBS May 2, 2024 Brandon Ivey The GSEs established a formal definition for mortgages to first-generation homebuyers.Read More
Non-Interest MF Income Drives Freddie 1Q24 Profits May 1, 2024 Dennis Hollier Risk management activities in Freddie's multifamily business generate $1 billion in revenues in the first quarter, more than doubling its 4Q23 figures.Read More
FHFA Final Rule Codifies Equitable Housing Finance Plans April 30, 2024 Dennis Hollier FHFA turns the equitable housing finance plans of the GSEs and other agency-directed fair housing activities into regulations.Read More
Short Takes: Comment Deadline for Freddie Proposal / S&D MBS From loanDepot / Delinquencies Decline / Snapdocs a Leader in eClosing Timelines April 22, 2024 Brandon Ivey The deadline to comment on Freddie Mac's proposal to acquire second liens is May 22.Read More
Loans With Primary MI Gain Share in First Quarter April 19, 2024 John Bancroft The share of mortgages with primary MI increased by 2.1% in the first quarter, based on agency MBS issuance.Read More
Short Takes: Bank Expands Mortgage Efforts / AAA Ratings for the GSEs / Home Sales Decline / Small M&A Deal April 19, 2024 Brandon Ivey “We believe mortgage banking will provide additional service to our customers and eventually contribute to our profitability,” Bank OZK said.Read More
Freddie Asks for Permission to Acquire Second Liens April 17, 2024 Dennis Hollier Because this would technically be a new product, it’s subject to FHFA approval and requires a 30-day public notice period.Read More
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