Both Freddie Mac and Fannie Mae have announced the suspension of eviction lockouts for single-family and two- to four-unit properties for the holiday season. The moratorium will begin December 17 and end January 2. Fannie Mae said it will allow legal and administrative proceeding for evictions to proceed during the 16-day period, but families will […]
The rain is still pouring down in Oahu, but Fannie Mae and Freddie Mac are ahead of the game. Both GSEs have already announced that their disaster relief programs are in effect for those impacted by Hurricane Lane. Foreclosure News
“Rob, are you hearing that residential lenders are nervous about releasing their 2nd quarter results to warehouse banks, correspondent investors, and other counter-parties since they aren't as good as hoped? Or even delaying them?” Yes, I am hearing rumblings of that, but hopefully plenty are anxious to release them to show how well they did. […]
Last week, with considerable fanfare , the Mortgage Bankers Association released its plan for reforming the housing finance system, including a resolution of the nine-year old federal conservatorship of the government sponsored enterprises Fannie Mae and Freddie Mac. This week ICBA, which represents independent community banks, more quietly released its blueprint for reform. Foreclosure News