Tag Archives: GSE

Welch to lead Freddie Mac's diversity and inclusion strategy for its workforce and supplier diversity programs, as Chief Diversity Officer.

Safety, reduced risk, and creating new infrastructure especially for new single-family homes rate high on Fannie Mae and Freddie Mac’s to-do list for 2018.

Drilling down into enforcements of the False Claims Act, MBS reductions from the Fed, and updates to Freddie Mac’s credit transfer risk program, were detailed in a recent report.

Data standardization has been a key area of focus for the GSEs through the Uniform Mortgage Data Program first introduced. Learn more about the key components of and recent updates to this program . . .

Currently, the GSEs use the FICO credit score model, which critics say is outdated and less granular than more recent models, however, FICO begs to differ.

It has been nearly eight years since the housing market collapsed and the mortgage industry has rebounded slowly. It is now on the path to building a foundation for long-term success. Part of this success can be attributed to how the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac reconstructed the requirements for loan data. . .

We’ve had FICO Score 2, 3, 4, 5, 8, and now 9, so why is FICO 4 still the GSE requirement for originators to use?

Freddie Mac’s getting fat, again. Just how much, however, pales in comparison to a few months prior. So just how well is the GSE doing? The answer’s in the numbers.

After undergoing an extensive testing process, a mortgage document preparation vendor announced its Uniform Closing Dataset XML file has been certified by the GSEs. This new way of submitting documents will be required by Fannie and Freddie starting in the fall for all lenders selling to them. The company trusts this will bring consistency, transparency and clarity to the mortgage industry.

On Thursday at 10 a.m. EST, the Senate Banking Committee will hold a hearing titled “The Status of the Housing Finance System After Nine Years of Conservatorship,” with Director of the Federal Housing Finance Agency (FHFA) Mel Watt serving as a witness. With Fannie Mae and Freddie Mac preparing for change under the current administration, the nine-year mark of the conservatorship of the GSEs could mean big changes.