Freddie Mac

Kate Berry
August 20, 2020 1:51 PM

Lenders initially won't be able to pass on the cost of the Federal Housing Finance Agency's "adverse market fee" to borrowers whose rates on GSE-backed mortgages and refinances are already locked in.

6 Min Read
Mortgages in forebearance
Kate Berry
May 26, 2020 9:00 PM

Forecasts about the pandemic's impact on the mortgage market have grown less dire after forbearance requests by homeowners nearly leveled off in the first half of May.

5 Min Read
The CFPB said it will consider “good-faith efforts” by servicers to prevent consumer harm and comply with regulations in the event that a regulator or other entity requests a servicing transfer.
Kate Berry
April 24, 2020 6:17 PM

The bureau said it began developing the standards before the coronavirus pandemic. But more transfers may occur as some servicers struggle to meet their obligations during the economic downturn.

2 Min Read
The move aims to provide additional liquidity for small and community banks to “support the small businesses in their communities,” the FHFA said in a statement.
April 23, 2020 9:54 AM

The policy move will allow small institutions participating in the Paycheck Protection Program to pledge business loans as collateral to obtain advances.

1 Min Read
The mortgage giants Fannie Mae and Freddie Mac traditionally have not purchased loans that are in forbearance.
April 21, 2020 4:58 PM

Efforts to calm lenders’ fears about coronavirus-related forbearance may not offset tightening standards, and the FHA is less likely to boost volume than it was during the financial crisis.

7 Min Read
“Through the partnership being announced today, the Bureau will share our insights with FHFA and ensure we get their data on how mortgage servicers are working with their customers during this critical time and going forward,” said CFPB Director Kathy Kraninger.
Kate Berry
April 15, 2020 1:06 PM

The Borrower Protection Program enables the two agencies to exchange information about loss mitigation efforts and consumer complaints regarding specific servicers.

1 Min Read
Kate Berry
April 6, 2020 10:37 AM

Ginnie Mae and the FHA provided temporary liquidity relief for mortgage servicers bracing for higher delinquencies, but the industry continues to pressure Treasury and the Fed to provide more comprehensive support.

9 Min Read
Federal Housing Finance Agency Director Mark Calabria
April 1, 2020 12:57 PM

Federal Housing Finance Agency Director Mark Calabria said a virus-induced financial crisis might give rise to more delinquencies and foreclosures than the 2007 subprime mortgage meltdown.

2 Min Read
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Paul Centopani
March 25, 2020 4:57 PM

With ambiguity surrounding the length of the COVID-19 outbreak and damage it will cause, consumers are becoming diffident in taking out a mortgage for a major purchase, according to Zillow.

1 Min Read
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Paul Centopani
March 19, 2020 3:22 PM

As financial hardships mount with the COVID-19 outbreak, Fannie Mae and Freddie Mac released their plans for mortgage borrowers impacted by the pandemic.

2 Min Read