FHFA: Revised Multifamily Loan Purchase Caps for Fannie Mae and Freddie Mac Announced

 The Federal Housing Finance Agency (FHFA) today announced a revised cap structure on the multifamily businesses of Fannie Mae and Freddie Mac (the Enterprises).  The new multifamily loan purchase caps will be $100 billion for each Enterprise, a combined total of $200 billion in support to the multifamily market, for […]

HUD: Agency Submits Housing Reform Plan to the President

Today, the Department of Housing and Urban Development (HUD) presented President Donald Trump with a plan for reforming the Nation’s housing finance system. Read HUD’s housing finance reform plan. On March 27, 2019, President Trump issued a Memorandum on Federal Housing Finance Reform, directing HUD and the Department of Treasury to […]

FHFA: Results Announced for Fannie Mae and Freddie Mac Dodd-Frank Stress Tests

The Federal Housing Finance Agency (FHFA) today released a report providing the results of the annual stress tests Fannie Mae and Freddie Mac (the Enterprises) are required to conduct under the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act).  The Dodd-Frank Act requires certain financial institutions with more […]

FHFA: Fannie Mae and Freddie Mac Total Refinance Volume Increases in March 2019 as Interest Rates Falls

The Federal Housing Finance Agency (FHFA) today reported that Fannie Mae and Freddie Mac (the Enterprises) completed 234,716 refinances in the first quarter of 2019.  FHFA’s first quarter 2019 Refinance Report also shows that 901 loans were refinanced through the Home Affordable Refinance Program (HARP), bringing the total number of HARP refinances […]

FHFA: New Report Details Progress on the 2018 Scorecard for Fannie Mae and Freddie Mac

The Federal Housing Finance Agency (FHFA) issued a Scorecard Progress Report today summarizing the 2018 activities of Fannie Mae and Freddie Mac (the Enterprises) to further FHFA’s three strategic objectives as conservator:  Maintain, Reduce, and Build.    Interested parties are invited to provide input on this Report. Feedback can be submitted […]

FHFA: Nearly 4.3 Million Homeowners Helped Via Foreclosure Prevention

The Federal Housing Finance Agency (FHFA) today released its fourth quarter 2018 Foreclosure Prevention Report, which shows that Fannie Mae and Freddie Mac (the Enterprises) completed 41,062 foreclosure prevention actions in the fourth quarter of 2018, bringing the total number of foreclosure prevention actions to 4,283,836 since September 2008.  The report […]

FHFA: Final Rule Issued on Uniform Mortgage-Backed Security

The Federal Housing Finance Agency (FHFA) has issued a final rule that requires Fannie Mae and Freddie Mac (the Enterprises) to align programs, policies, and practices that affect the cash flows of “To-Be-Announced” (TBA)-eligible Mortgage-Backed Securities (MBS).  The issuance of the final rule is a major step forward, significantly improving […]

FHFA: Fannie Mae and Freddie Mac Refinance Volume Decreases in Fourth Quarter 2018

Nearly 3.5 Million HARP Loans at Program Expiration The Federal Housing Finance Agency (FHFA) today reported that Fannie Mae and Freddie Mac completed 245,620 refinances in the fourth quarter of 2018, compared with 253,135 in the third quarter. FHFA’s fourth quarter Refinance Report  also shows that 1,390 loans were refinanced through […]

FHFA: 2019 Scorecard Released for Fannie Mae, Freddie Mac and Common Securitization Solutions

The Federal Housing Finance Agency (FHFA) today released the 2019 Scorecard outlining specific conservatorship priorities for Fannie Mae, Freddie Mac (the Enterprises), and their joint venture, Common Securitization Solutions, LLC (CSS).  The 2019 Scorecard furthers the goals outlined in FHFA’s Strategic Plan for the Conservatorships of Fannie Mae and Freddie […]

FHFA: Fannie Mae and Freddie Mac’s Modified Underserved Markets Plan for Duty to Serve Program Published

The Federal Housing Finance Agency (FHFA) today published Fannie Mae and Freddie Mac’s (the Enterprises) modified Underserved Markets Plans for 2018-2020 under the Duty to Serve program.  The Plans, originally published Dec. 18, 2017 became effective Jan. 1, 2018. FHFA requested public input in October 2018 on the Enterprises’ proposed Duty […]