Fannie Mae

Fannie Mae has a $1.8 mortgage foreclosure lawsuit pending with FFH of Fort Smith Limited Partnership and several other local entities over the Rock Creek apartments on North 50th Street in Fort Smith, Ark.

FHFA Director Mel Watt warned Thursday that to prevent a potential draw on the Treasury Department by the government-sponsored enterprises, he is willing to act unilaterally to rebuild capital at Fannie and Freddie.

The inspector general of the Federal Housing Finance Agency said the regulator should consider firing Fannie Mae CEO Timothy Mayopoulos for not properly disclosing he was dating a senior executive at a bank that does business with the mortgage-finance giant.

The days of vacant, distressed homes covered in sheets of plywood appear numbered, as Fannie Mae and Freddie Mac move toward greater adoption of polycarbonate "clear boarding" to secure foreclosure properties.

While consumers pay for mortgage insurance policies, carriers like Arch MI are forging new relationships with real estate agents and strengthening lender partnerships to reach the growing segment of millennial and low-to-moderate-income homebuyers.

Fannie Mae and Freddie Mac issued proposals Monday to create pilot programs for loans on mobile homes, part of an ambitious plan for underserved and rural housing markets.

Private mortgage insurers have brought their once-beleaguered sector back to financial health. But rebuilding trust with their business partners is still a work in progress.

Concerns over rising home prices tempered a 2.2 percentage point increase in Fannie Mae's Home Price Sentiment Index.

One of the largest mortgage-bond investors says it would be a mistake for the federal government to relinquish control of Fannie Mae and Freddie Mac without first making major changes to the nation's housing-finance system.

Fannie Mae's involvement in institutional single-family rental financing bodes well for that market's potential growth, says Investability Real Estate's Chief Revenue Officer Dennis Cisterna.

If proposed tax cuts were enacted, Fannie Mae and Freddie Mac would be required to make an initial adjustment that could wipe out their capital.

Employment in the mortgage sector rose for the first time in three months in March, driven by an increase in loan broker hires.

Fannie Mae said it expects to make a $2.8 billion dividend payment to the U.S. Treasury in June after reporting a first-quarter profit driven by a relatively stable mortgage market and a continued decline in delinquencies.

Fannie Mae and Freddie Mac will continue to pursue opportunities for the government-sponsored enterprises to provide liquidity to the single-family rental market, despite opposition from mortgage and real estate industry groups.

No matter what form government-sponsored enterprise reform takes, Federal Housing Finance Agency officials are stressing that it should account for the fact that the GSEs' capital buffer will soon hit zero.

The Treasury secretary on Monday reiterated an aggressive timetable for tackling the future of Fannie Mae and Freddie Mac, an issue that has long flummoxed Congress.

Mortgage Bankers Association President David Stevens is confident that housing finance reform will move forward under the Trump administration, but criticized calls to simply let the government-sponsored enterprises recapitalize and be returned to shareholders without additional reforms.

Senate Banking Committee Chairman Mike Crapo and House Financial Services Committee Chairman Jeb Hensarling said they believed an agreement on housing finance reform could be struck in this Congress.

From a few employees at Hutchinson Credit Union who spent part of their day focusing on better servicing of local home mortgages, Member Mortgage Services has grown in just 13 years into a separate company with 37 employees.

Fannie Mae has made three selling guide changes aimed at helping the growing number of borrowers with student debt qualify for home loans, and may begin testing similar proposals related to this goal.