A coalition of 46 independent mortgage banks (IMBs) is calling for guarantee-fee parity and a competitive cash window in a letter sent Friday to U.S. Treasury Secretary Scott Bessent and Federal Housing Finance Agency (FHFA) Director Bill Pulte. The push comes as the Trump administration signals plans to move forward with a stock offering for […]
IMBs urge Treasury, FHFA to preserve guarantee-fee parity Read More »
While Fannie Mae has “retired” the term appraisal waiver from its seller guide, the change in the latest update, which could have the most impact on consumers involves the reconsideration of value policy. The Fannie Mae announcement is SEL-2025-07. Freddie Mac put out a similar ROV update on Wednesday in its bulletin 2025-12. Some of
Fannie, Freddie update reconsideration of value rules Read More »
Enjoy complimentary access to top ideas and insights — selected by our editors. A number of observers have speculated about how the prospective release of Fannie Mae and Freddie Mac from government conservatorship will impact the residential mortgage market and mortgage loan costs. The good news is that the two GSEs will benefit dramatically from
How Fannie Mae, Freddie Mac release could change mortgage costs Read More »
Freddie Mac and its former executives won’t go to trial in a decades-old lawsuit stemming from the Great Financial Crisis, following a federal judge’s latest order. U.S. District Judge Benita Y. Pearson last Friday granted Freddie and its former officers summary judgment in a case brought by the Ohio Public Employees Retirement System (OPERS). The
Freddie Mac, ex-execs win in 2008 fraud suit Read More »
The Federal Housing Finance Agency (FHFA) said Tuesday it has allowed Fannie Mae and Freddie Mac to approve Rocket Companies’ planned acquisition of Mr. Cooper Group, noting the combined company should not exceed a 20% counterparty risk limit set for the government-sponsored enterprises (GSEs). Detroit-based Rocket announced in March that it would acquire Mr. Cooper
FHFA clears Rocket’s $9.4B acquisition of Mr. Cooper, with safeguards Read More »
The Community Home Lenders of America is calling for nonbank lender support as it emphasizes the importance of mortgage industry input in any federal decision-making regarding the future of Fannie Mae and Freddie Mac. The group representing small and mid-sized independent mortgage banks made its wishes known in a letter this week to Treasury Secretary
CHLA presses Trump team on Fannie, Freddie future Read More »
A public offering of Fannie Mae and Freddie Mac shares hinges on when Donald Trump decides the government can fetch the highest price, their regulator said Thursday. Trump “has not made any decision” on when one will occur, Bill Pulte told Maria Bartiromo on Fox Business Network Thursday morning, when she asked whether one could
Fannie, Freddie IPO awaits Trump’s decision on timing Read More »
Housing regulator Bill Pulte has posted a video that sheds a little more light on the Great American Mortgage Corporation, an entity President Trump has hinted earlier could be headed toward a public offering this year. The video Pulte posted on X promotes President Trump’s housing role and alludes to his criticism of other policymakers’
Trump, Pulte spotlight ‘Great American Mortgage’ plan Read More »
Clifford Rossi speaks from the vantage point of someone who has been inside the government-sponsored enterprises (GSEs). In different periods during the 1990s and 2000s, he served as a senior financial economist at Fannie Mae and as senior director of single-family risk management at Freddie Mac. Rossi was among the earliest advocates of merging the
Ex-GSE risk chief makes case for Fannie-Freddie merger Read More »
Fannie Mae and Freddie Mac look like they would hold up better in a severe downturn today than their collective stress tests indicated in 2024. The tests modeled how they’d fare after absorbing losses like a total $36.1 billion provision in net chargeoffs plus foreclosed property expenses. That shows the credit losses they’d be likely
Fannie, Freddie’s stress test losses ease from 2024 Read More »