Fannie Mae

Now that the Consumer Financial Protection Bureau says it will scrap an unpopular standard for so-called qualified mortgages, the big question is what will take its place.

The regulator said the investment bank and financial services company will help in the process of strengthening Fannie Mae and Freddie Mac’s capital standing for their eventual exit from conservatorship.

FICO plans to release a new suite of scores that could reduce defaults on newly originated mortgages by 17%, but home lenders may not use it unless the government-sponsored enterprises do.

Trade associations representing mortgage lenders and securities market participants are asking the Federal Housing Finance Agency to rethink a plan to restrict pooling options for loans sold into uniform mortgage-backed securities.

The agency is sending a strong message that it won't rush to end an exemption for Fannie Mae and Freddie Mac while also signaling longer-term changes that will affect all lenders.

Director Kathy Kraninger has told lawmakers that the agency will delay the expiration of the so-called QM patch, now set for January 2021.

A former Fannie Mae employee is facing more than six years in federal prison for participating in a scam involving discount sales of properties owned by the government-sponsored enterprise.

Fannie Mae is sponsoring a $1.03B CRT transaction, while Caliber Homes Loans, New Residential and Onslow Bay fill the non-QM pipeline

The U.S. Supreme Court may soon decide if it will intervene in a high-stakes fight over the government-sponsored enterprise net worth sweep.

Getting Fannie Mae and Freddie Mac out of conservatorship has been an elusive goal. It will remain elusive, says DeMarco, in the absence of broader reform of housing finance, something that will require bipartisan support.

Consumer perception of the housing market ticked up slightly in December, as potential buyers remain bullish about making a home purchase in 2020, a Fannie Mae report said.

The FHFA’s attempt to move some of its balance sheet into the private sector could leave investors with greater liabilities than they were initially told.

Polls showing an upswing for President Trump's re-election chances against top potential Democratic candidates favor housing finance and mortgage giants Fannie Mae and Freddie Mac, according to Height Capital Markets.

A risk-based capital rule for Fannie Mae and Freddie Mac is expected to top the agenda in 2020 as the companies' regulator executes plans for their release into the private sector.

The deadline for China Oceanwide to complete its acquisition of Genworth Financial was extended for a 13th time, following completion of the sale of Genworth MI Canada to Brookfield Business Partners.

With housing projected to grow hand-in-hand with the economy, Fannie Mae boosted its single-family mortgage origination outlook for 2019, 2020 and 2021.

A dozen of the nation's largest underwriters were accused of colluding with traders to artificially set prices on the secondary market for Fannie Mae and Freddie Mac securities.

The Federal Housing Finance Agency has proposed a plan that would exempt the Federal Home Loan Banks from conducting stress tests.

Mortgage lenders became slightly bearish on their profitability outlook in the fourth quarter, with the competitive landscape and shift to a purchase market cited as the main concerns, according to Fannie Mae.

The prequalification letter is a great way to move borrowers from casual tire kickers to committed applicants, but advances in digital verification will soon make it obsolete.