Archives For: Freddie Mac
FHFA Proposes Capital Planning Rule for Fannie Mae and Freddie Mac
The Federal Housing Finance Agency (FHFA) today issued a proposed rule that would require Fannie Mae and Freddie Mac to develop, maintain, and submit annual capital plans to FHFA.
16 Dec 2021
Freddie Mac Confirms Immediate Mortgage Relief Options for Homeowners Affected by Tornado Outbreaks
Freddie Mac today reminded homeowners and mortgage servicers of its immediate disaster relief options for those affected by the outbreak of tornadoes in Kentucky and the surrounding areas.
14 Dec 2021
Freddie Mac Addresses Cryptocurrency in the Mortgage Qualification Process
In Bulletin 2021-36 Freddie Mac addresses cryptocurrency in the mortgage qualification process. Freddie Mac indicated that it is providing guidance “due to the high level of uncertainty associated with cryptocurrency.”
1 Dec 2021
Sky High Home Prices Push Fannie Mae and Freddie Mac to Back Loans of Nearly $1 Million
Higher prices have pushed mortgage giants Fannie Mae and Freddie Mac to raise the limits of government-backed loans to a record level for 2022, with the maximum loan limit at nearly $1 million for high-cost areas.
30 Nov 2021
Freddie Mac: Mortgage Serious Delinquency Rate Decreased in October
Freddie Mac reported that the Single-Family serious delinquency rate in October was 1.32%, down from 1.46% in September. Freddie’s rate is down year-over-year from 2.89% in October 2020.
23 Nov 2021
The Federal Government May Guarantee Mortgages of Nearly $1 Million
Fannie Mae and Freddie Mac will raise lending ceilings in the next few weeks, making it more straightforward for buyers of more expensive homes to obtain financing.
15 Nov 2021
New Mortgage Refinance Programs from Fannie Mae and Freddie Mac are Expanding to Reach More Homeowners
The goal of Fannie Mae’s and Freddie Mac’s refi programs is to help low-to-moderate income households take advantage of historically low mortgage rates.
11 Nov 2021
MBA: Forbearance Hits Lowest Level Yet
The share of Fannie Mae and Freddie Mac loans in forbearance has reached the lowest level since the start of the pandemic, according to the Mortgage Bankers Association, but an increase in the number of borrowers exiting forbearance into loan modifications points to ongoing struggles in the recovery from the pandemic.
9 Nov 2021
New Freddie Mac Initiative Helps Renters Build Credit
Freddie Mac today announced a new initiative to help renters build credit by encouraging operators of multifamily properties to report on-time rental payments to the three major credit-reporting bureaus.
3 Nov 2021
Fannie and Freddie Loans in Forbearance Drop Below 1%
The total number of loans now in forbearance decreased by 6 basis points to 2.15% of servicers’ portfolio volume as of Oct. 24, 2021.
2 Nov 2021