Archive for GSE

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]

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]

DOJ Settles With PHH

Posted by Michael Bates on August 08, 2017

PHH Corp., PHH Mortgage Corp. and PHH Home Loans have settled with the U.S. Department of Justice to settle allegations that they violated the False Claims Act by knowingly originating and underwriting mortgage loans that did not meet applicable FHA, [Read More]

GSE’s Home Purchase Sentiment Index Drops A Bit

Posted by Michael Bates on August 08, 2017

The Fannie Mae Home Purchase Sentiment Index (HPSI) decreased 1.5 percentage points in July to 86.8, after matching its all-time high in June. The company says the decline can be attributed to decreases in three of the six HPSI components. [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]

Fannie Mae Provides Updated Economic Forecast

Posted by Michael Bates on June 19, 2017

According to the Fannie Mae Economic & Strategic Research Group’s June 2017 Economic and Housing Outlook, the current economic expansion is forecast to continue, with full-year growth at 2% for 2017. “This month marks the eighth anniversary of the U.S. [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.