FHFA: Report on Non-Performing Loan Sales Released
The Federal Housing Finance Agency (FHFA) today released the latest report on 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, 2019 and reflects borrower outcomes on NPLs sold through June 30, 2019 and reported through December 31,…
FHFA: Fannie Mae and Freddie Mac Announce New LIBOR Transition Resources
Joint Enterprise LIBOR Transition Playbook and Frequently Asked Questions Now Online Today, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) have launched new websites that provide key resources for lenders and investors as the Enterprises transition away from the London Interbank Offered Rate (LIBOR). LIBOR is expected to…
FHFA: U.S. House Prices Rise 1.7 Percent in First Quarter 2020; Up 5.7 Percent from Last Year
U.S. house prices rose in the first quarter of 2020, up 1.7 percent according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices rose 5.7 percent from the first quarter of 2019 to the first quarter of 2020. FHFA’s seasonally adjusted monthly index for March was up 0.1 percent from February. “Home price growth in the first…
FHFA: Re-Proposed Capital Rule for Fannie Mae and Freddie Mac Released
Today, the Federal Housing Finance Agency (FHFA) announced that it is seeking comments on a notice of proposed rulemaking that establishes a new regulatory capital framework for Fannie Mae and Freddie Mac (the Enterprises). The proposed rule is a re-proposal of the notice of proposed rulemaking published in July 2018. Comments will be due 60…
FHFA: Refinance and Home Purchase Eligiblity for Borrowers in Forbearance Announced
Agency also extends the Enterprises’ ability to buy loans in forbearance Today, to support borrowers and mortgage servicers, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) have issued temporary guidance regarding the eligibility of borrowers who are in forbearance, or have recently ended their forbearance, looking to refinance…
FHFA: Foreclosure and Eviction Moratorium Extended
Today, to help borrowers and renters who are at risk of losing their home due to the coronavirus national emergency, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) are extending their moratorium on foreclosures and evictions until at least June 30, 2020. The foreclosure moratorium applies to Enterprise-backed,…
FHFA: Payment Deferral as New Repayment Option for Homeowners in COVID-19 Forbearance Plans Announced
Today, to help homeowners who are in COVID-19 related forbearance, the Federal Housing Finance Agency (FHFA) has announced that Fannie Mae and Freddie Mac (the Enterprises) are making available a new payment deferral option. The payment deferral option allows borrowers, who are able to return to making their normal monthly mortgage payment, the ability to…
CFPB, FHFA & HUD Launch Joint Mortgage and Housing Assistance Website for Americans Impacted by COVID-19
To ensure homeowners and renters have the most up to date and accurate housing assistance information during the COVID-19 national emergency, today the Consumer Financial Protection Bureau (CFPB), Federal Housing Finance Agency (FHFA), and the Department of Housing and Urban Development (HUD) launched the new mortgage and housing assistance website https://www.cfpb.gov/housing. CFPB, FHFA and HUD are…
FHFA: Loan Processing Flexibilities Extended for Fannie Mae and Freddie Mac Customers
The Federal Housing Finance Agency (FHFA) extended several loan origination flexibilities currently offered by Fannie Mae and Freddie Mac (The Enterprises) designed to help borrowers during the COVID-19 national emergency. Those flexibilities are extended until at least June 30th and include: Alternative appraisals on purchase and rate term refinance loans; Alternative methods for verifying employment before…
FHFA: New Tools Announced to Help Renters Find Out if They Are Protected from Eviction
To help renters find out if they are protected from evictions during the COVID-19 national health emergency, the Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac (the Enterprises) have created online multifamily property lookup tools. The property lookup tools allow renters to find out if the multifamily property where they…