FHFA: Fifth Report on Non-Performing Loan Sales Released
The Federal Housing Finance Agency (FHFA) today released its fifth report providing information about the sale of non-performing loans (NPLs) by Fannie Mae and Freddie Mac (the Enterprises). The Enterprise Non-Performing Loan Sales Report includes information about NPLs sold through December 31, 2017, and reflects borrower outcomes as of December 31, 2017 on NPLs sold…
FHFA: Proposed Rule Issued on Enterprise Capital Requirements for Fannie Mae and Freddie Mac
The Federal Housing Finance Agency (FHFA) is seeking comments on a proposed regulation on capital requirements for Fannie Mae and Freddie Mac (the Enterprises). The proposed rule would implement a new framework for risk-based capital requirements and a revised minimum leverage capital requirement for the Enterprises. FHFA suspended regulatory capital requirements after placing the Enterprises…
FHFA: Fannie Mae and Freddie Mac Refinance Volume Down in First Quarter 2018 as Mortgage Rates Rise
The Federal Housing Finance Agency (FHFA) today reported that Fannie Mae and Freddie Mac completed 356,003 refinances in the first quarter of 2018, compared with 446,295 in the fourth quarter of 2017. FHFA’s first quarter Refinance Report also shows that 4,139 loans were refinanced through the Home Affordable Refinance Program (HARP), bringing the total number of HARP…
FHFA: Progress Update on Fannie Mae and Freddie Mac Credit Risk Transfer Programs
The Federal Housing Finance Agency (FHFA) today issued a Credit Risk Transfer Progress Report describing the status and volume of credit risk transfer (CRT) transactions through the fourth quarter of 2017. The Report provides a comprehensive picture of how Fannie Mae and Freddie Mac (the Enterprises) transfer a substantial portion of credit risk to the…
FHFA: Progress Report on the 2017 Scorecard for Fannie Mae and Freddie Mac
The Federal Housing Finance Agency (FHFA) issued a Progress Report today summarizing the 2017 activities of Fannie Mae and Freddie Mac (the Enterprises) to further FHFA’s three strategic objectives as conservator: Maintain, Reduce, and Build. The Report describes efforts taken by the Enterprises during 2017 to address factors limiting access to mortgage credit for creditworthy…
FHFA: Report Shows Fannie Mae and Freddie Mac Foreclosure Preventions Surpass 4 Million
Hurricanes Impact Delinquency Rate The Federal Housing Finance Agency (FHFA) today released its fourth quarter Foreclosure Prevention Report, which shows that Fannie Mae and Freddie Mac (the Enterprises) completed 67,569 foreclosure prevention actions in the fourth quarter of 2017, bringing the total number of homeowners helped to 4,040,258 since the start of the conservatorships in…
FHFA: 2018-2020 Housing Goals for Fannie Mae and Freddie Mac Finalized
The Federal Housing Finance Agency (FHFA) today published a final rule that establishes new housing goals for Fannie Mae and Freddie Mac (the Enterprises) for 2018 through 2020 in accordance with the provisions of the Housing and Economic Recovery Act of 2008. The new goals replace the previous goals, which were in effect through the…
FHFA: Deadline Extended to March 30th for Request for Input on Fannie Mae and Freddie Mac Credit Score Requirements
The Federal Housing Finance Agency (FHFA) today announced that it will extend, from February 20, 2018 to March 30, 2018, the deadline for interested parties to provide input on potential changes to the credit score requirements of Fannie Mae and Freddie Mac (the Enterprises). FHFA is seeking input on all aspects of a potential change…
FHFA: Final Strategic Plan for FY 2018-2022 Released
The Federal Housing Finance Agency (FHFA) today released the FHFA Strategic Plan: Fiscal Years 2018-2022, which reflects the Agency’s priorities as regulator of the Federal Home Loan Banks (FHLBanks) and as regulator and conservator of Fannie Mae and Freddie Mac (the Enterprises). Last year FHFA requested input on the draft Agency strategic plan from Members…
FHFA: 2018 Scorecard Released for Fannie Mae, Freddie Mac and Common Securitization Solutions
The Federal Housing Finance Agency (FHFA) today released the 2018 Scorecard outlining specific conservatorship priorities for Fannie Mae, Freddie Mac (the Enterprises), and their joint venture, Common Securitization Solutions, LLC (CSS). These goals include: Maintain, in a safe and sound manner, credit availability and foreclosure prevention activities for new and refinanced mortgages to foster liquid,…