ABA-FHFA: Fannie, Freddie sold nearly 155,000 non-performing loans since 2014

Fannie Mae and Freddie Mac have sold 154,972 nonperforming loans as of Dec. 31, 2021, with a total unpaid balance of $28.7 billion, according to the Non-Performing Loan Sales Report released today by the Federal Housing Finance Agency. On average, the NPLs had a delinquency of

ENTERPRISE NON-PERFORMING LOAN SALES REPORT

This report provides information about the Enterprises’ sales of NPLs and borrower outcomes post-sale. The report contains the following key information:● Quantity and attributes of NPLs sold from August 1, 2014 through December 31, 2021.● Borrower outcomes as of December

Mortgage Rates Continue to Escalate, Moves Closer to 6%

Mortgage rates continued their upward momentum this week and show no signs of slowing down as they ticked up closer to the 6 percent mark, according to data released Thursday by Freddie Mac. Rates for fixed-rate mortgages have surged since the start

Fannie Mae’s Latest Forecast is a Shocker: The Real Word

This week, Byron Lazine and Nicole White discuss Fannie Mae’s new prediction for existing-home sales, summer marketing and the Marketeer

Ginnie Mae Extends Some COVID-19 Policies

Ginnie Mae is extending the deadline for delinquency reporting exemptions and for alternative audit procedures Ginnie Mae announced last week that it is extending certain pandemic-era policies, including delinquency reporting exemptions. Delinquency reporting exemptions were set to expire at the end of July,

FEMA: Nearly $1.3M Awarded to Connecticut for 2018 Storm Recovery Costs

The Federal Emergency Management Agency said Wednesday it has awarded nearly $1.3 million to Connecticut to reimburse the administrative costs of recovering from tornadoes and storms that struck the state on May 15, 2018. The agency said the state Department of

Fannie Mae to sell $1.6B reperforming loan pool

The offering is the agency’s 26th sale of reperforming loans since the inaugural deal in 2016 Fannie Mae has unveiled its third reperforming loan sale of the year, an offering of nearly 10,000 loans valued at $1.57 billion. The offering,

June 2022 NAMFS Industry Pricing Initiative Update

NAMFS is pleased to provide this update to the Mortgage Field Services Industry regarding this important initiative. We encourage our members to share this information with their network. As previously reported, NAMFS was able to present our Mortgage Field Services

Working Without a Crystal Ball

Increasing mortgage rates, coupled with a hot housing market, have some pundits prepping for economic doom and gloom and the eventuality of a housing market crash. The reality is that today we are in a much different scenario than the

Has the Housing Market Finally Peaked? Experts Weigh In.

Has the U.S. housing market peaked? The real estate market has been hot for a few years now. Buyer demand has stayed strong and home prices have risen dramatically, despite continued low inventory and rising rates. But there are signs