Tag Archives: Freddie Mac

The Mortgage Bankers Association (MBA) released its final paper explaining its vision for a successful common securitization platform.

Mortgage rates continued to trend higher last week following last week's release of the June employment report.

The Federal Housing Finance Agency (FHFA) is facing a lawsuit from a housing group for allegedly failing to uphold the GSEs' obligations to make contributions to a housing trust fund. The National Low Income Housing Coalition announced the suit Tuesday. According to the group, Fannie Mae and Freddie Mac have not met their requirements to pay into the National Housing Trust Fund. Law requires the enterprises to transfer a portion of the value of their new business into the fund, though it was suspended in 2008.

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).

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.

Mortgage rates shot up in the last week following remarks from the Federal Reserve that it may be tapering its bond purchases later this year. According to Freddie Mac's Primary Mortgage Market Survey, the average 30-year fixed-rate mortgage (FRM) rose to 4.46 percent (0.8 point) for the week ending June 27, an increase from only 3.93 percent last week and the highest figure since the week of July 28. The weekly increase is the largest since April 1987.

The growth rate on Freddie Mac's mortgage portfolio dipped back into negative numbers again in May, the GSE reported in its monthly volume summary.

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.