Overall loan deliveries to Fannie Mae and Freddie Mac increased modestly in May. PennyMac boosted its production by 53.4%, making it the largest GSE seller during the month. (Includes two data tables.)
Read More
Stakeholders say the GSEs’ proposed definition of “first-generation homebuyer” in their equitable housing-finance plans unfairly excludes many of the people the enterprises and the FHFA want to help.
Read More
Sen. Elizabeth Warren, D-MA, has called for a significant increase in the FHLBanks’ required contribution to affordable housing. She also urged FHFA to change the membership eligibility requirements to encourage more housing and community development activities.
Read More
Freddie Mac CFO Christian Lown informed the board last week that he will step down at the end of this month. No reason was given for his departure, which was announced quietly via an SEC filing.
Read More
The Federal Housing Finance Agency has issued a request for information seeking industry comment on the GSEs’ plans to support underserved communities under their duty-to-serve obligations.
Read More
Fannie Mae said the new Uniform Residential Appraisal Report will depend on six new property characteristics data points to let users know what information to provide.
Read More
Fannie Mae last week notched its fifth Credit Insurance Risk Transfer transaction of the year, a $285 million deal covering a pool of 34,000 single-family mortgages.
Read More