Agency veterans Anne Marie Pippin and Anju Vajja have taken over as deputy directors of the division of conservatorship, oversight and readiness, and the division research and statistics, respectively.
The Federal Reserve published a hypothetical economic collapse for banks to use in their annual stress test this year. The same scenario might be used by FHFA for Fannie Mae and Freddie Mac.
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.
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.
Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
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