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GSEs open door to buying some mortgages in forbearance

GSEs open door to buying some mortgages in forbearance

FromHousingWire Daily


GSEs open door to buying some mortgages in forbearance

FromHousingWire Daily

ratings:
Length:
9 minutes
Released:
Apr 22, 2020
Format:
Podcast episode

Description

In today’s Daily Download episode, HW+ Managing Editor Brena Nath discusses the Federal Housing Finance Agency’s announcement that Fannie Mae and Freddie Mac will now begin buying some mortgages that are in forbearance. Citing the need to keep the mortgage market “working for current and future homeowners during these challenging times,” the FHFA announced Wednesday that it is allowing the GSEs to buy loans that go into forbearance within the first month.Under the GSEs’ current policies, Fannie and Freddie do not buy loans in forbearance. But given the unprecedented rise in forbearance due to the coronavirus, today’s action lifts that restriction for a limited period of time and only for mortgages meeting certain eligibility criteria, the FHFA said in a statement.Following the main story, HousingWire Digital Producer Alcynna Lloyd covers the Senate’s approval of additional funding for the nation’s small-business loan program, the FHFA’s home price index, which indicates an uptick in home prices for the month of February, and the Mortgage Bankers Association’s weekly applications survey, which reported a retreat in mortgage application volume last weekThe Daily Download examines the most captivating articles reported by the HousingWire newsroom. Each afternoon, HousingWire provides its readers with a deeper look into the stories that are not only chronicling the biggest announcements within the housing finance industry but are also helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd.HousingWire articles covered in this episode:Fannie Mae, Freddie Mac will begin buying some mortgages that are in forbearanceSenate approves additional funding for small-business loan programHouses prices gained 5.7% in February, FHFA saysMortgage application volume dipped last week, MBA says
Released:
Apr 22, 2020
Format:
Podcast episode

Titles in the series (100)

HousingWire Daily examines the most compelling mortgage, real estate, and fintech articles reported across HW Media. Each afternoon, the HW team provides our listeners with a deeper look into the stories that are helping Move Markets Forward. Hosted and produced by the HW Media team.