Archive for Freddie Mac

Industry Participants Are Bullish on Multifamily Market Growth

Posted by Michael Bates on September 08, 2017

According to a new survey commissioned by Freddie Mac, a significant majority of the multifamily industry believes the rental housing market will continue to grow, fueled by increasing demand and a growing population. At the same time, however, a plurality [Read More]

Freddie Mac Provides New CRT Pricing Disclosures

Posted by Michael Bates on September 06, 2017

Freddie Mac says it is making available pricing and deal terms for all Agency Credit Insurance Structure (ACIS) and Whole Loan Securities (WLS) transactions to date, building on similar disclosures for its Structured Agency Credit Risk (STACR) program. ACIS and [Read More]

GSEs Remind Servicers of Forbearance Guidelines for Disaster Victims

Posted by Michael Bates on August 28, 2017

Fannie Mae and Freddie Mac have issued reminders to its mortgage servicers that concern borrowers in the Gulf Coast area whose homes may have been affected by Hurricane Harvey, noting that various types of forbearance can or should be extended [Read More]

30-Year Fixed Now At Its Lowest Level Since November

Posted by Michael Bates on August 25, 2017

Freddie Mac says the 30-year fixed-rate mortgage (FRM) averaged 3.86% with an average 0.5 point for the week ending Aug. 24, 2017, which is the lowest rate since Nov. 10, 2016. A year ago at this time, the 30-year FRM [Read More]

GSE Rolling Out Automated Collateral Evaluation on September 1

Posted by Michael Bates on August 21, 2017

Freddie Mac says it is now offering its automated collateral evaluation (ACE) service to consumers who are buying homes or refinancing existing mortgage loans. The ACE process assesses the need for a traditional appraisal by leveraging proprietary models and using [Read More]

Freddie Mac Wraps Up $2.47 Billion SCRT Offering

Posted by Michael Bates on August 14, 2017

Freddie Mac has completed its third Seasoned Credit Risk Transfer (SCRT) offering – a rated securitization of approximately $2.47 billion of both guaranteed senior and unguaranteed subordinate securities. The SCRT securitization program is a part of Freddie Mac’s seasoned loan [Read More]

Black Knight’s Empower LOS Verified by GSEs

Posted by Amanda Fava on July 07, 2017

Black Knight Financial Services Inc. has announced that its LoanSphere Empower loan origination system (LOS) has been verified by government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac to generate Uniform Closing Dataset (UCD) files. The company says Empower is a [Read More]

Mortgage Rates Make Biggest Weekly Jump Since March

Posted by Amanda Fava on July 06, 2017

The 30-year, fixed-rate mortgage (FRM) made its largest week-over-week leap since March, according to Freddie Mac’s Primary Mortgage Market Survey. The 30-year FRM averaged 3.96%, with an average 0.6 point for the week ending July 6 – up from last [Read More]

DocMagic Tech Is Ready For Both Phases Of UCD Implementation

Posted by Michael Bates on June 21, 2017

DocMagic Inc., a provider of document production, automated compliance and e-mortgage services, says its technologies are now capable of supporting both phases of the upcoming Uniform Closing Dataset (UCD) requirement. The company’s technology solutions, which have been certified by Fannie [Read More]

Visionet Tool In Step With Freddie Mac UCD Requirements

Posted by Michael Bates on June 19, 2017

Visionet Systems, a provider of technology solutions and business process outsourcing services for the mortgage industry, has become a verified technology integration vendor for Freddie Mac’s Loan Closing Advisor platform. Visionet’s CD2UCD solution was tested to ensure that its interface [Read More]

Freddie Mac: Average 30-Year Fixed Rate Drops

Posted by Michael Bates on June 12, 2017

According to Freddie Mac’s latest Primary Mortgage Market Survey, the 30-year fixed mortgage rate has dropped for the fourth consecutive week and has hit its lowest level in nearly seven months. The survey findings include the following: The 30-year, fixed-rate [Read More]

Can We Avoid A GSE Bailout?

Written by Peter G. Miller on May 01, 2017

Proposals to replace Fannie Mae and Freddie Mac with new firms will falter unless Congress okays a federal line of credit.

Is The MBA’s GSE Reform Proposal ‘The One’?

Written by Patrick Barnard on April 26, 2017

With the Trump administration in the White House and a Republican-controlled Congress, it could be argued that the time has never been so ripe for GSE reform to finally happen.

Appeals Court Rules Against Fannie, Freddie Investors On Third Amendment Sweep

Posted by Patrick Barnard on February 22, 2017

A federal appeals court on Tuesday issued a ruling that will prevent investors in government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac from fully recouping on their investments. Investors from Perry Capital and others allege that they were illegally duped [Read More]

Opinions Are Free, But GSE Reform Will Likely Be Expensive

Written by Nora Caley on February 22, 2017

The Mortgage Bankers Association and others weigh in on what might happen with Fannie Mae and Freddie Mac.

Freddie Mac: Mortgage Rates Rise For First Time This Year

Posted by Lauren Tyler on January 26, 2017

Mortgage rates rose for the first time in 2017 during the week ended Jan. 26, with the average rate for a 30-year, fixed-rate mortgage (FRM) at 4.19% compared with 4.09% the previous week, according to Freddie Mac’s Primary Mortgage Market Survey. [Read More]

Freddie Mac: Mortgage Rates Shift Upward

Posted by Lauren Tyler on November 10, 2016

Mortgage interest rates increased this week, with the average rate for a 30-year, fixed-rate mortgage (FRM) hitting 3.57%, up from 3.54%, according to Freddie Mac’s Primary Mortgage Market Survey. A year ago at this time, the 30-year FRM averaged 3.98%. During [Read More]

Freddie Mac: Mortgage Rates Hold Steady

Posted by Patrick Barnard on April 21, 2016

Mortgage rates remained largely unchanged near their low mark for 2016 during the week ending April 21, according to Freddie Mac’s Primary Mortgage Market Survey. The average rate for a 30-year, fixed-rate mortgage (FRM) was 3.59%, up only slightly from [Read More]

Freddie Mac: Mortgage Rates Reverse Course, Move Lower

Posted by Patrick Barnard on March 28, 2016

Mortgage rates shifted lower for the first time in four weeks during the week ending March 24, with the average 30-year fixed-rate mortgage (FRM) averaging 3.71%, down from the prior week’s 3.73%, according to Freddie Mac’s latest Primary Mortgage Market [Read More]