Articles Tagged with ''Fannie Mae''

Fannie Mae begins 8th sale of re-performing loans

Continues effort to reduce mortgage portfolio size
Fannie Mae announced Tuesday it began marketing its eighth re-performing loan sale as part of its ongoing effort to reduce its retained mortgage portfolio. This latest sale consists of about 18,400 loans with an unpaid principal balance of about $3.59 billion.
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Fannie Mae CEO in hot water months before he steps down

Fannie Mae, FHFA come to Mayopoulos’ defense
Fannie Mae CEO Timothy Mayopoulos is once again in trouble for his romantic relationship, receiving yet another rebuke from a government watchdog. While the CEO did disclose his relationship and even recused himself from any connected business decisions, this government watchdog says he did not go far enough.
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Freddie Mac: Mortgage rates slightly fall

Affordability plagues the housing industry
Mortgage rates decreased slightly this week, according to Freddie Mac’s latest Primary Mortgage Market survey. Freddie Mac Chief Economist Sam Khater says going forward, the strong economy will support the housing market, but affordability pressures will lead to continued softening in home price growth.
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Fannie Mae warns of raft of fake employers being used on borrowers’ mortgages

10 new potentially fake companies are showing up in mortgage documents
A few months ago, Fannie Mae issued a warning to lenders, cautioning them of more than 30 employers that were showing up on borrowers’ mortgage documentation that appeared to be fake. Those potentially fake companies were generally located in the Southern California and Los Angeles County areas, but it appears that the fake company problem is now moving north.
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FHFA caves to industry requests, extends comment period for proposed GSE capital rule

Interested parties given 2 extra months to review proposal
Back in June, the Federal Housing Finance Agency proposed a new rule on Fannie Mae and Freddie Mac’s capital requirements, opening the rule up for public comment. Now, after the FHFA said it received a high level of interest and several requests from stakeholders for more evaluation time, it is pushing back its comment period.
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Fannie Mae multifamily posts solid Q2

Originations are up and delinquencies are low, but there is one bad mark on the scorecard
Fannie Mae multifamily had a good quarter. Originations posted solid gains and the GSE's loans are performing exceptionally, but it took a major hit in one key metric. Read on to find out more.
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Fannie Mae reports income of $4.5B in Q2

Will pay Treasury $4.5B in Q3
Fannie Mae reported Thursday it posted a comprehensive income of $4.5 billion in the second quarter of 2018, which was primarily driven by an increase in credit-related income due to the redesignation of loans from held-for-investment to held-for-sale. This income is up slightly from Q1's $3.9 billion, and up from Q2 of 2017, when it saw a comprehensive income of $3.1 billion.
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