Items Tagged with 'Freddie Mac'

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Republican Party calls for significant changes to housing in 2016

Party platform blasts "corrupt business model" of Fannie Mae, Freddie Mac
If the Republican Party sweeps November’s elections, the world of housing finance could be in for some significant changes, as the party's 2016 platform calls for seriously cutting the government’s role in housing. The platform could potentially abolish the Consumer Financial Protection Bureau and end the use of disparate impact.
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When it comes to GSE reform, there's no need to reinvent the wheel

We don't need to start from scratch with reform
After reviewing various GSE reform options, I strongly believe our strongest course of action would be to combine the existing GSEs into a single, super GSE operated similarly to Ginnie Mae. Ginnie is already a proven success story, in spite of underfunding and hurricane-like market headwinds in the past ten years, so why not build upon something that we know works?
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Ellie Mae launches new version of Encompass

Encompass 16.2 features Freddie Mac's Loan Product Advisor
Ellie Mae's new version of Encompass includes DataVerify’s DRIVE services, including fraud detection and 4506-T for income verification, and FraudGuard, First American Mortgage Solutions’ decision-support tool designed to quickly and accurately identify risk in mortgage transactions.
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FHFA's Watt: Congress needs to handle housing finance reform

Fannie Mae, Freddie Mac overseer responds to calls to end GSE status quo
In recent weeks, several different groups tried to exert public pressure on the Federal Housing Finance Agency in an attempt to end the housing finance system's current status quo. Up to this point, the FHFA and its director, Mel Watt, did not respond directly to these efforts. But now, Watt is responding to those public salvos, albeit much more quietly than the trade groups or the politicians.
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Who is eligible for principal reduction? New report sheds light on groundbreaking program

Just how many borrowers are eligible? Where are they located?
When the Federal Housing Finance Agency announced earlier this year that it was going forward with a groundbreaking plan to offer principal reduction to a select number of borrowers, the details on who exactly would be eligible were somewhat scarce, outside of the stipulations for the program provided by the FHFA. A new report from the FHFA provides more detail on how many borrowers are eligible and where they are located.
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