Fannie Mae and Freddie Mac revenues ticked up in the third quarter, but an increase in net expenses cut into profits. Those expenses included damages and interest awarded to shareholders in Fairholme v. FHFA. (Includes data table.)
Although Fannie Mae and Freddie Mac met their duty-to-serve obligations, that doesn't mean they achieved all their goals. Both enterprises received low scores in some categories.
Fannie Mae and Freddie Mac released details on FHFA’s new policy of extending natural disaster-related reps-and-warranty relief to mortgagees impacted by the pandemic.
If FHFA follows through on the shift from the tri-merge to a bi-merge system, two million borrowers currently eligible for a GSE mortgage would no longer qualify, according to a report from TransUnion.
An audit by FHFA’s Office of Inspector General found that the agency’s Office of Housing and Regulatory Policy hasn’t conducted adequate oversight of the new reports.
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