WASHINGTON: Fannie Mae announced today that it will suspend eviction lockouts of foreclosed single-family properties during the holiday season. The suspension of eviction lockouts will apply to single-family and 2-4 unit properties from December 17, 2018 through January 2, 2019. Foreclosure News
The two government-sponsored mortgage giants announced Monday that their annual eviction moratorium will run from December 17 through January 2. While mortgage servicers and lenders may still engage in legal activities related to foreclosure, affected families won't be locked out of the homes. This step should bring “a greater measure of certainty,” Freddie said in […]
Fannie Mae has expanded the menu of post-disaster services it is offering to its borrowers. The new services are in addition to the up to 12 months of forbearance, waived fees, and temporary foreclosure moratorium that Freddie Mac and Fannie Mae traditionally offer in the wake of hurricanes, wildfires, and other disasters. Foreclosure News
As part of an upgrade to its Desktop Underwriter that will be issued over the December 8 weekend, Fannie Mae says there will be some adjustments to the credit risk assessment functions. The company says the changes are part of prudent risk management and are meant to account for 2018 market conditions including rising interest […]
Incenter Mortgage Advisors is facilitating the sale of almost $ 3.7 billion in mortgage servicing rights tied to Fannie Mae and Freddie Mac loans, roughly one-third of which have private mortgage insurance. The loans have a weighted average loan-to-value ratio of more than 76%, and nearly half of them are concentrated in Texas, according to […]
Fannie Mae released an update to the Reverse Mortgage Loan Servicing Manual on September 18, 2018, relieving servicers of post-foreclosure sale responsibilities. The new changes are related to the servicer requirement to pay ground rents, co-op fees and assessments, and property taxes on Fannie Mae's REO properties. Foreclosure News
Fannie Mae and Freddie Mac issued new capital requirements for private mortgage insurers that will create big swings in carriers' asset reserves. The change that had the largest impact was the removal of the credit for future premiums from the calculation of available assets. Foreclosure News
Incenter Mortgage Advisors is facilitating the sale of more than $ 10 billion in mortgage servicing rights tied to Fannie Mae and Freddie Mac loans. Almost 88% of the nonrecourse loans come from wholesale sources , and nearly 12% are correspondent originations, according to data provided by the seller. Foreclosure News
Sales of nonperforming loans by Fannie Mae and Freddie Mac fell during the past year as the number of delinquent loans on their books continued to drop. The government-sponsored enterprises sold 18,419 NPLs last year, down from 44,169 the previous year and from 25,612 in 2015, according to the Federal Housing Finance Agency. Foreclosure News
For nearly a decade, a top U.S. housing regulator has restricted Fannie Mae and Freddie Mac from trying to influence the raging debate over whether they should live or die. Fannie Mae executive has done just that over the past few months, quietly meeting with people inside and outside President Donald Trump's administration, according to […]