Come next year, Freddie Mac will assess lenders a fee of $7,500 if they fail to deliver mortgage loans with an aggregate principal balance of more than $5 million.
The FHFA IG acknowledged the regulator's progress in stabilizing Fannie Mae and Freddie Mac but said the agency can do more to enhance its role as conservator and regulator.
Analysts at Bank of America Merrill Lynch and elsewhere cite evidence of a creeping goal line to move back by 12 months the June 1, 2009, cut-off date for HARP eligibility.
Progressives and other Dump DeMarco advocates are looking to a Plan B to replace the current acting head should Rep. Mel Watts nomination be significantly prolonged or even stall.
Although it's unlikely that Fannie Mae and Freddie Mac will engage in principal reductions anytime soon, a new report from CBO says it could do some good.
Fannie Mae is set to "give back" $50.6 billion to the U.S. Treasury by June 30, thanks to stellar earnings and accounting treatment of deferred tax assets.