Investor Update February 3, 2020 Source: FHFA Washington, D.C. – Today, the Federal Housing Finance Agency (FHFA) selected Houlihan Lokey Capital, Inc. (Houlihan Lokey) as a financial advisor to assist in the development and implementation of a roadmap to responsibly end the conservatorships of Fannie Mae and Freddie Mac (the...
Investor Update February 3, 2020 Source: FHFA October 2019 Highlights — Foreclosure Prevention The Enterprises’ Foreclosure Prevention Actions: • The Enterprises completed 9,082 foreclosure prevention actions in October, bringing the total to 4,390,118 since the start of the conservatorships in September 2008. Over half of these actions have been permanent loan...
Investor Update January 31, 2020 Source: FHFA Washington, D.C. – The Federal Housing Finance Agency (FHFA) today proposed updated minimum financial eligibility requirements for Fannie Mae and Freddie Mac Seller/Servicers. The updated minimum financial requirements will further strengthen the Enterprises’ Seller/Servicer requirements and provide transparency and consistency of capital and...
Industry Update January 30, 2020 Source: CFPB Washington, D.C. — The Consumer Financial Protection Bureau (Bureau) today announced additions to its executive team. The leadership positions are: Susan M. Bernard will serve as Assistant Director for Regulations in the Research, Markets and Regulation Division. Before joining the Bureau, she served as the...
Investor Update January 30, 2020 Source: FHFA Washington, D.C. – Today, the Federal Housing Finance Agency (FHFA) announced a realignment that will further bolster FHFA’s capacity as a world-class regulator of Fannie Mae and Freddie Mac (the Enterprises) and the Federal Home Loan Banks. The realignment of its structure is designed to ensure...
Investor Update January 27, 2020 Source: USDA The Rural Housing Service (RHS or Agency) published a final rule on December 26th, 2019, implementing changes to the Single Family Housing Guaranteed loan program (SFHGLP) regulation to streamline the loss claim process for lenders who have acquired title to property through...
Disaster Alert January 24, 2020 Source: NBC News Additional Resource: ABC 13 Eyewitness News Approximate locations containing home damage: Texas – Westbranch, Houston (Harris County, 77041) NOTE: This has not yet been declared a FEMA Major Disaster. A large explosion at a plant in Houston early Friday was felt for miles, left rubble scattered as far as...
Investor Update January 22, 2020 Source: HUD Today, the Federal Housing Administration (FHA) is pleased to welcome Joseph M. (Joe) Gormley as the Deputy Assistant Secretary for the Office of Single Family Housing, effective January 21. With a broad background in financial services and housing policy, Mr. Gormley has held...
FEMA Alert January 17, 2020 FEMA issued a Presidential Major Disaster Declaration for areas in Vermont affected by severe storms and flooding that took place October 1 to November 1, 2019. The following municipalities are eligible for assistance: Public Assistance Addison Chittenden Essex Franklin Lamoille Orange Orleans Washington Vermont...
Investor Update January 17, 2020 Source: HUD NOTE: FHA INFO #20-05 is not currently available on HUD.GOV. the above source link will be updated once it has been added. Today, the Federal Housing Administration (FHA) is issuing this reminder to mortgagees about its guidance for originating and/or servicing FHA-insured forward mortgages in...
