Items Tagged with 'FHFA'

ARTICLES

  • Add another 6 months to Fannie, Freddie recap and release timeline

    FHFA will be forced to reissue rule to avoid lawsuits, Cowen’s investors note says
    In a note to investors obtained by HousingWire, Cowen Washington Research Group on Friday said the new rule for the “recap and release” of Fannie Mae and Freddie Mac probably is at least six months away. “We suspect FHFA will reissue the rule out of an abundance of caution,” Jaret Seiberg, Cowen’s managing director, said in the note issued on Friday. “The last thing the agency wants is for the courts to strike down the capital rule because FHFA made enough changes from the proposal that the public needed another opportunity to comment.”
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  • FHFA flip-flops, won't blacklist VantageScore as FICO alternative for Fannie and Freddie

    FHFA removes pending prohibition on GSEs using credit bureau-owned model
    In a rather surprising development, the Federal Housing Finance Agency announced Tuesday that it will allow Fannie Mae and Freddie Mac to consider using VantageScore as an alternative to their current FICO credit scoring model, a dramatic reversal from a proposed rule issued late last year.
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  • Urban Institute: Launch of FHFA's single security was "flawless"

    Says uniform security lays important groundwork for GSE reform
    In June, the Federal Housing Finance Agency announced that its long-laid plans to launch a single security – the Uniform MBS – for loans backed by Fannie Mae and Freddie Mac had finally come to fruition. Now, with two months of UMBS in play, the Urban Institute is praising the successful launch of this “enormous undertaking,” noting the critical groundwork it lays for future GSE reform.
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  • Fannie Mae, Freddie Mac delaying use of new Uniform Residential Loan Application

    FHFA asked GSEs to make changes to form
    Nearly three years ago, Fannie Mae and Freddie Mac announced that they were changing the standard mortgage application form for the first time in 20 years. As the development process moved forward, the GSEs dictated that lenders would be required to begin using the new loan application by Feb. 1, 2020. But that’s not the case anymore. Fannie and Freddie announced Thursday that they are delaying the mandatory use of the redesigned Uniform Residential Loan Application to an unspecified date in the future.
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  • David Applegate to step down as CEO of Common Securitization Solutions

    News follows the June launch of Uniform Mortgage-Backed Security
    In 2013, Freddie Mac and Fannie Mae established Common Securitization Solutions to design and implement the single GSE bond through the Common Securitization Platform. David Applegate was appointed CEO at the jointly owned company’s launch. But on Thursday, Fannie and Freddie announced that he is stepping down. 
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  • FHFA: American home price appreciation inches forward 0.1% in May

    Colorado, Arizona region of U.S. had largest annual gains
    Home prices rose slightly in May, inching forward only 0.1% from the previous month but up 5% from 2018, according to the latest monthly House Price Index from the Federal Housing Finance Agency. The report indicates that across the nine census divisions, the South Atlantic Division saw the strongest appreciation growth, whereas the East South Central Division experienced no growth.
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  • Fannie Mae, Freddie Mac still in conservatorship in 2024? Calabria says it’s possible

    Tells Reuters that he hopes to have GSEs out of conservatorship by 2024
    Recent reporting by Bloomberg suggested that the Trump administration may be wavering on pursuing widespread reforms of Fannie Mae and Freddie Mac in advance of the 2020 election due to the potential economic impact of those reforms on voters. Now, Federal Housing Finance Agency Director Mark Calabria now says it’s possible that the GSEs may remain in conservatorship until 2024, at least.
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  • FHFA Special Advisor Bob Ryan stepping down this week

    Obama-era appointee leaving agency by July 12
    Bob Ryan, who has served as special advisor to the Office of the Director of the Federal Housing Finance Agency for more than five years, is stepping down this week, the agency announced recently. According to the FHFA, Ryan is set to leave the agency by July 12.
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  • FHFA: American home price growth crawls forward in April

    Home price appreciation rises only 0.4% from the previous month
    Home prices crawled forward in April, rising only 0.4% from the previous month but up 5.2% from 2018, according to the latest monthly House Price Index from the Federal Housing Finance Agency. The report explains that across the nine census divisions, the Mountain Division once again experienced the strongest appreciation growth.
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