DSNews BY: Brian Honea January 2, 2016 Saturday, October 3, 2015, marked the seven-year anniversary of then-President George W. Bush signing the government’s Troubled Asset Relief Program (TARP) into law in order to help stabilize financial markets and restore Americans’ confidence in the economy. TARP became law in 2008 at the depth of the financial […]
DSNews BY: Brian Honea November 17, 2015 Seven years after the housing market crashed, serious delinquency rates for most mortgage portfolios are at or near pre-recession levels, and the GSEs are no exception. The GSEs’ exposure to credit risk from mortgages originated during the years of the housing bubble continues to be “significant but declining,” […]
DSNews By: Brian Honea December 7, 2015 The GSEs have made helping families avoid foreclosure one of their top priorities since the start of the housing crisis, and Fannie Mae just announced an update to support a policy change to assist in that initiative. Fannie Mae announced it has updated its Servicing Management Default Underwriter […]
DSNews BY: Brian Honea November 17, 2015 Foreclosures have been continually on the decline nationwide for a few years. While much of the decline can be attributed to a recovering economy, another driver of the drop in foreclosures is increased borrower outreach efforts from various organizations. Borrower outreach events include HUD-approved housing counselors and mortgage […]
DSNews Author: Brian Honea February 24, 2015 4 due to a number of reasons that include foreclosure alternatives, home retention solutions, completed foreclosures, improved loan payment performance, and acquisitions of loans with stronger credit profiles, according to Fannie Mae’s recently released annual report. About 1.47 percent of mortgage loans backed by Fannie Mae were 30 to […]
DSNews: Author: Brian Honea January 24, 2015 Government-sponsored enterprise Freddie Mac has announced that it will begin its second sale of “deeply delinquent” mortgage loans in three pools worth approximately $410 million. Delinquent loans left over from a wave of foreclosures following the housing bust have dogged Freddie Mac and its sister GSE, Fannie Mae. […]
DSNews By: Author: Brian Honea January 27, 2015 Federal Housing Finance Director (FHFA) Mel Watt, testifying before the House Financial Services Committee, which he once sat on as a Democratic U.S. Representative for North Carolina, insisted that mortgage loans with a 3 percent down payment backed by GSEs are no more riskier than those with a […]
DSNews: Author: Tory Barringer January 12, 2015 With 2015 less than two weeks underway, Fitch Ratings is the latest forecaster predicting great things for housing in the coming year. However, unlike other commentators, whose projections were based on encouraging market trends, the ratings agency says it’s a combination of recent government actions that reinforces its […]
DSNews Author: Brian Honea January 2, 2015 Fannie Mae’s gross mortgage portfolio took a huge downward turn in November, while the mortgage giant’s Book of Business inched upward, according to Fannie Mae’s November 2014 Monthly Summary released earlier this week. The balance of the gross mortgage portfolio dropped from $4.36 billion in October down to […]
Author: Brian Honea December 9, 2014 Fannie Mae and Freddie Mac announced on Tuesday a moratorium on evictions for single-family foreclosed homes for the holiday season. The GSEs said evictions will not be enforced from December 17, 2014, until January 2, 2015, for single-family homes that have been foreclosed on, meaning that families living in […]
