Tag Archives: Fannie Mae

Fannie Mae and Freddie Mac reported a combined 107,000 refinances in April through the Home Affordable Refinance Program (HARP), according to data from the Federal Housing Finance Agency (FHFA).

Responses to Fannie Mae's latest National Housing Survey indicate potential homebuyers may enter the purchase market sooner rather than later.

In an effort to help investors "evaluate upcoming credit-sensitive securitization proposals from the GSEs," Fitch Ratings completed an analysis of credit performance data in a recent report.

According to Fannie Mae's monthly volume summary, the GSE's book of business grew at a compound rate of 0.3 percent in May, just edging out April's 0.2 percent growth.

Citigroup and Fannie Mae announced Monday an agreement to resolve future repurchase claims for breaches of representations of warranties on millions of loans originated between 2000 and 2012. As part of the agreement, Citi will pay Fannie Mae $968 million, "substantially all of which was covered" by the bank's existing mortgage repurchase reserves as of the end of the first quarter. The settlement covers 3.7 million first mortgage loans sold to the GSE.

Citing the overwhelming presence of the GSEs in today's mortgage marketplace, Sens. Bob Corker and Mark Warner unveiled a new piece of legislation designed to wind down the enterprises.

The Federal Housing Finance Agency (FHFA) reported a 0.7 percent increase in its House Price Index (HPI) from March to April.

A new concept paper from the Mortgage Bankers Association (MBA) calls for the alignment of underwriting standards as a major step in secondary market reform.

Commercial and multifamily mortgage debt outstanding decreased for the first time in five quarters during the first quarter of this year, according to the Mortgage Bankers Association (MBA).

The Federal Housing Finance Agency (FHFA) labeled Fannie Mae and Freddie Mac as "critical concerns" in the composite rating category for 2012. FHFA noted the GSEs generated positive annual income in 2012, a first since 2006, with Fannie Mae bringing in more than $17 billion in earnings and Freddie Mac reporting net income of $11 billion in 2012. Credit risk, though, remained a critical concern for the GSEs, unchanged from 2011. The report also noted that troubled assets are still at high levels.