Tag Archives: Freddie Mac

Freddie Mac's total mortgage portfolio expanded at an annualized rate of 0.9 percent in March, the sixth time in the past seven months the portfolio has expanded, while the serious delinquency rate on single-family loans fell to its lowest level in six and a half years, according to Freddie Mac's March 2015 Monthly Volume Summary released on Monday.

The most improved states in the last three months were Oregon, Michigan, Florida, California and Kentucky, with Oregon jumping more than 2 percent. And on a year-over-year basis, Nevada, Colorado, Florida, Oregon and Rhode Island saw the biggest increases. In fact, since this time last year, MiMi values for Nevada have improved more than 11 percent.

Several leading mortgage insurance providers for the industry have announced that if the enhanced Private Mortgage Insurer Eligibility Requirements (PMIERs) announced by the Federal Housing Finance Agency (FHFA) went into effect today, they would be in complete compliance.

In the response letter, dated April 21, 2015, Treasury's Acting Assistant Secretary for Legislative Affairs, Randall DeValk said that wanted to "clarify some misunderstandings" from some press reports regarding the agreement, and said that the government's $187.5 billion bailout of Fannie Mae and Freddie Mac with taxpayer funds in 2008 was not an "ordinary" loan.

Now in its seventh year, the Servicer Summit is a biannual gathering of leaders from both the mortgage servicing and legal communities focused on spurring shared educational opportunities and honest conversation. The novel format encourages all attendees to contribute. Leaders of roundtables serve merely as conversation starters and travel the room with a microphone so that any attendee may respond to a prompt or ask a question.

Following weeks of debate over whether the Federal Housing Finance Agency (FHFA) would be lowering its fees to guarantee mortgages backed by Fannie Mae and Freddie Mac, the ...

In order to prevent these losses in the future, the GSEs moved to strengthen their financial requirements of approved PMI insurers, thus reducing overall risk. The new requirements will ensure that PMIs can meet their agreed-upon obligations regardless of current economic conditions or the marketplace.

Despite a brutal winter and a slowdown in economic activity in the first quarter, Freddie Mac is sticking to its previous prediction that 2015 will be the best year for home sales since 2007, according to Freddie Mac's U.S. Economic and Housing Report for April 2015 released Thursday.

Variable-rate mortgages were down as well. According to Freddie, 5-year Treasury-indexed hybrid adjustable-rate mortgages averaged 2.83 percent this week, down from last week’s 2.92 percent. A year ago, the 5-year ARM averaged 3.09 percent. However, 1-year Treasury-indexed ARMs maintained at 2.46 percent, almost unchanged from a year ago.

In a recent posting on Freddie’s blog, Boyle encourages mortgage seekers to keep in mind the “four Cs” ‒‒ the main four things lenders look at when deciding whether to write a loan. First there is the borrower’s capacity to repay the loan.