Fannie Mae

CFPB issues guidance on making mortgage servicing transfers 'seamless'

04/24/20

The bureau said it began developing the standards before the coronavirus pandemic. But more transfers may occur as some servicers struggle to meet their obligations during their economic downturn.

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Federal Home Loan banks to offer more liquidity for PPP lenders

04/23/20

The policy move will allow small institutions participating in the Paycheck Protection Program to pledge business loans as collateral to obtain advances.

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Fannie, Freddie to buy nonbank mortgages; the varying approaches to PPP

04/23/20

Some say the agencies are exacting too high a price to buy loans from the cash-strapped lenders; some small banks hustled in dealing with the Paycheck Protection Program, others are accused of a hustle.

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GSEs to buy mortgages in forbearance to ease origination pressure

04/22/20

The FHFA will allow Fannie Mae and Freddie Mac, for a limited time, to purchase loans for which the borrower has sought to postpone payments because of the economic effects of the coronavirus.

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Can government do anything to stop mortgage market contraction?

04/21/20

Efforts to calm lenders’ fears about coronavirus-related forbearance may not offset tightening standards, and the FHA is less likely to boost volume than it was during the financial crisis.

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FHFA tries to cut liquidity-strained mortgage servicers some slack

04/21/20

The agency said it is aligning policies for Fannie Mae- and Freddie Mac-backed loans in forbearance so that servicers are only responsible for advancing four months of missed payments.

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Mortgage servicers remain hopeful U.S. will deliver coronavirus relief

04/20/20

Federal backing for firms facing a deluge of missed mortgage payments is still on the table despite recent comments by an official who questioned the need to help the industry.

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JPMorgan halts home equity loans due to coronavirus

04/16/20

The nation's largest bank is temporarily reducing its exposure to the mortgage market amid rising unemployment and estimates that home prices could drop by 10%.

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CFPB, FHFA to share data on mortgage servicing

04/15/20

The Borrower Protection Program enables the two agencies to exchange information about loss mitigation efforts and consumer complaints regarding specific servicers.

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‘Rent strikes’ could wreak further havoc on mortgage system

04/13/20

Tenants have threatened to suspend payments during the pandemic to pressure officials into providing rental assistance, but the effects on multifamily loans would compound concerns about servicers' liquidity and, ultimately, lenders' performance.

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