Sources tell Inside The GSEs that loans brokered by New York-based multifamily lender are currently ineligible for delivery to Freddie Mac.

FHFA Director Sandra Thompson said workforce housing exemptions should still encourage multifamily borrowers to preserve affordable housing for “extended periods.”

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 and Freddie have updated rules around employment contracts, shared appreciation and fluctuating income.

As the GSEs try to redeem uneconomic credit-risk transfer notes from investors, the premiums offered continue to shrink.

Servicers should see several enhancements to Freddie’s Resolve platform and its APIs, including a dashboard they can use to manage their pipeline and track charge-offs.

Freddie CAO describes the lexicon of an objective appraisal. He discourages the use of subjective language terminology such as “desirable” or “family friendly.”

Lance Drummond will succeed Sara Mathew as Freddie board chair. Mathew is set to retire in February.

The GSEs’ shareholders racked up one win and one loss last week in their legal battle to overturn the net worth sweep.