Fannie says material defects have been rising for the past few years. In 2Q23, seller buybacks topped $1 billion for the sixth straight quarter. (Includes three data charts.)
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The vast amount of appraisal data released over the past year by FHFA has been a boon to researchers. However, many critics argue the regulator and the regulated entities should release all appraisal data.
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A proposed new rule expanding the GSEs’ ability to purchase loans on properties with private transfer fee covenants should encourage more engagement in shared-equity programs.
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Fannie hopes Spanish-language credit education and targeted downpayment assistance will help it put the still-growing cohort of Latino consumers into their first home.
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It was a busy week for the capital markets teams at Fannie Mae and Freddie Mac. Between them, they cranked out a standard pool offering, a community impact pool offering and a CIRT transaction.
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The regulator’s new rating system will be used to assess supervisory remediation measures and, at least while the GSEs remain in conservatorship, determine executive compensation.
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