In a sign of how much business declined at Fannie and Freddie last year, their contributions to the two affordable housing programs are off 50% from 2022.
After a hung jury, shareholders will head back to court for a second chance at proving FHFA was in breach of contract when it agreed to the net worth sweep with Treasury.
Critics argue that, by targeting deep-pocket institutional buyers, the enterprises’ sale of non-performing and reperforming loans removes homes from the buyers’ market and makes it impossible for nonprofit organizations to participate meaningfully.
A new request for information asks stakeholders whether expanding social bonds from multifamily to single-family will help or hurt borrowers and investors.
Uncertainty caused by regulations and the complexity of calculating income and debt make DTI a poor metric to use in pricing a loan without the risk of lenders having to eat a new fee.
The heads of quality control at Fannie Mae and Freddie Mac describe the causes and treatment of defects. The percentage of repurchases has remained stable at Fannie, but is elevated at Freddie.
NCLC attorneys claim the bulk sale of seasoned loans allows buyers to circumvent the GSEs’ loss-mitigation programs. That adds up to more borrowers unable to stay in their home.
The new pricing matrices for Fannie and Freddie may create modest net increases in the cost of a mortgage, but FHFA says that will support more lending for low-income borrowers.
RSS