Housing advocates: FHFA won’t reduce principal, offers discounted NPLs

This latest push came from a multi-year trend of "cash buying" and investor dominance. That trend has slowed. In order to get more interest again, the Federal Housing Finance Agency (FHFA) is looking at making it easier for the public to get loans.

Fannie and Freddie give green light to resume sales of foreclosures Fannie Mae Foreclosures are homes that have been repossessed by the entity, Fannie Mae. Fannie Mae is not a lending institution, per se. They are a government sponsored entity (GSE) that securitizes mortgages made by other lenders so that those lenders can free up their funds to make additional loans.

The Federal Housing Finance Agency (FHFA) recently reported that nearly half of the almost 70,000 non-performing loans (NPLs) sold through last year had been resolved. FHFA released its latest Enterprise Non-Performing Loan Sales Report last week. These reports include information about the sale of NPLs by Fannie Mae and Freddie Mac.

Selling HUD’s Nonperforming Loans: A Win-Win for Borrowers, Investors, and HUD. Secondary tabs.. and they can reduce principal. They can pay borrowers enough in relocation costs to encourage a short sale.. may not be as strong a result as housing advocates want, nearly 100 percent of the.

Housing advocates have been calling for government agencies to sell more non-performing mortgage loans to non-profits. With the announcement of Fannie Mae’s latest non-performing loan (NPL.

The Federal Housing Finance Agency (FHFA) released its notice of proposed rulemaking on "enterprise [fannie mae and Freddie mac] capital requirements" on June 12. After the comment period closed on November 16, there were 77 entries on FHFA’s comment log. Half (38) were from individuals who wrote short comments ranging from one sentence to a.

Policy Workshop: 2017 housing finance reform.already? Research Lab: Using opportunity mapping to improve affordable housing policy. Under One Roof. A look at the National Housing Conference, its members, and news and events from around housing.

The settlement is working. But as it takes hold, it’s exposing a huge rift in the housing market. The government’s own mortgage arms, Fannie Mae and Freddie Mac, still won’t meet the same standards the big banks have committed to, and until they do, foreclosures will continue to drag on.

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