Items Tagged with 'Freddie Mac'

ARTICLES

  • Watt out: OCC’s Otting officially takes over as FHFA director

    Otting will serve as interim director until Senate votes on Calabria
    Mel Watt’s time as the director of the Federal Housing Finance Agency is officially over. Watt became the first Senate-confirmed director of the FHFA back in 2014, and led the FHFA for five years, but his term as FHFA director ended on Jan. 6, 2019. Here's a look back at Watt's time at the FHFA and a look ahead at what's next.
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  • Freddie Mac set all-time record for multifamily security issuance in 2018

    GSE issued more multifamily securities than ever before
    Freddie Mac continued its record-setting ways in the multifamily business in 2018, establishing a new record for multifamily security issuance for the second year in a row. According to the government-sponsored enterprise, it issued $72.8 billion in multifamily securities in 2018, breaking its 2017 record of $68 billion.
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  • FHFA issues new rule effectively prohibiting Fannie and Freddie from using VantageScore

    Regulators cites conflict of interest as concern in alternative credit score proposal
    Anyone hoping that Fannie Mae and Freddie Mac may soon start using VantageScore as an alternative to their current FICO credit scoring model is about to get a cold dose of reality. The FHFA announced this week that it is issuing new rules surrounding the adoption of alternative credit scoring rules. Chief among those rules is a provision that would prohibit the GSEs from using the VantageScore credit scoring model because of conflicts of interest with the company’s backers.
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  • What would Mark Calabria as FHFA director mean for the future of Fannie and Freddie?

    Analysts weigh Calabria’s potential impact
    The Trump administration has officially nominated Mark Calabria to be the next director of the FHFA when Mel Watt’s term is up early next year. But what would Calabria bring to the FHFA and what might that mean for the future of Fannie Mae and Freddie Mac? Here's a look at what's next, from those in the know.
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  • Freddie Mac will now allow conventional financing for manufactured housing

    GSE rolls out new manufactured housing financing
    Freddie Mac will soon see no difference between certain manufactured homes and traditional single-family housing from a financing standpoint. The government-sponsored enterprise announced Friday that it is rolling out a new financing program for manufactured housing that will bring conventional financing to factory-built housing.
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  • Freddie Mac makes another LIHTC investment, inks deal with Boston Financial

    Fund will provide as much as $100 million for affordable housing
    Freddie Mac, which recently re-entered the Low-Income Housing Tax Credit market for the first time in nearly 10 years, is making another investment in affordable housing. The GSE announced this week that it closed its first LIHTC Fund with Boston Financial Investment Management and made its first investment in the fund.
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  • Homebuyers, now might be the time to buy

    Mortgage rates retreat to lowest level since early October
    Mortgage rates declined this week, falling across the board, according to Freddie Mac’s latest Primary Mortgage Market Survey. Freddie Mac Chief Economist Sam Khater said the dip in mortgage rates offers a window of opportunity for potential buyers.
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  • Freddie Mac to allow some borrowers to use “sweat equity” to cover entire down payment

    GSE expands “sweat equity” loan program
    Freddie Mac has long allowed certain borrowers to use “sweat equity” to cover a portion of their down payment, but now, the GSE will allow borrowers to use “sweat equity” to cover their entire down payment. Under the expansion, certain borrowers will be able to “sweat equity,” materials provided or labor completed by a borrower to improve a house before closing on the property, as their full down payment.
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