Agency | GSE News

This topic consolidates all announcements, newsletters, bulletins, handbook/guide updates, and general news coming from FHFA, Fannie Mae, FHA, Freddie Mac, GNMA, RHS, and VA.




October 15, 2018

Freddie Mac reveals Loan Advisor upgrades at MBA

Housingwire--Jessica Guerin

Freddie Mac announced major tech upgrades to its Loan Advisor Suite on Monday at the Mortgage Bankers Association’s Annual Convention & Expo in Washington, D.C.

Three years ago, Freddie unveiled the Loan Advisor Suite at 2015's MBA Annual, billing it as a “flexible, end-to-end loan quality solution.” Since then, it has added a host of new features as it continues to build out the platform...

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October 15, 2018

Ginnie Mae’s Mortgage-Backed Securities Portfolio Tops $2 Trillion, Providing More Americans the Opportunity for Homeownership

WASHINGTON, D.C. – Ginnie Mae’s mortgage-backed securities (MBS) portfolio has reached $2.008 trillion in unpaid principal balance, the federal guarantor announced today. That’s up from $1 trillion just eight years ago.

“The fact that Ginnie Mae has reached $2 trillion in outstanding principal underscores the corporation’s role and highlights our responsibilities as a pillar of America’s secondary mortgage market,”...

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October 12, 2018

Fannie Mae selling $1.88 billion in non-performing loans to Goldman Sachs subsidiary

Housingwire--Ben Lane

Over the last few years, Goldman Sachs’ subsidiary MTGLQ Investors has been one of the top buyers of non-performing loans from both Fannie Mae and Freddie Mac.

In just the last few years, Goldman Sachs used MTGLQ Investors to buy billions and billions in loans from both of the government-sponsored enterprises.

And now, MTGLQ is preparing to buy another $1.88 billion in non-performing loans...

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ARMCO Mortgage QC Industry Trends Report

October 10, 2018

Catastrophic Hurricane Michael prompts Freddie Mac to issue relief policies

Housingwire--Alcynna Lloyd

Hurricane Michael has finally landed on the Florida Gulf coast, potentially threatening about 57,002 homes in its wake.

The Category 4 storm could be the Florida panhandle’s strongest landfall in the last 13 years, and has an estimated reconstruction cost value of approximately $13.4 billion.

As of yesterday, 120,000 people have been ordered to evacuate their homes, as fears of catastrophe...

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ACES Automated Document Manager

October 08, 2018

Fannie Appoints Hugh Frater as Interim CEO

M Report--Radhika Ojha

On Monday, Fannie Mae announced the appointment of Hugh R. Frater as its Interim CEO.  Frater’s appointment will be effective on October 16, 2018, subject to final FHFA approval, Fannie Mae said in a statement. He will succeed Timothy J. Mayopoulos, who announced his intention to depart in July 2018 and will leave the company on October 15...

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October 08, 2018

FHFA AB 2018-08 Oversight of Third-Party Provider Relationships

Purpose

This advisory bulletin (AB) provides Federal Housing Finance Agency (FHFA) guidance to Fannie Mae and Freddie Mac, the Federal Home Loan Banks (FHLBanks), and the Office of Finance (OF) (collectively, the regulated entities) on assessing and managing risks associated with third-party provider relationships.  For the purposes of this AB, a third-party provider relationship is a business arrangement between a...

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