At its September meeting, the Federal Open Markets Committee announced it will begin reducing its $4.5 trillion portfolio of bonds purchased during the global financial crisis, as soon as October of this year.
Fannie and Freddie face a year-end deadline to decide whether they’ll allow FICO rivals, such as VantageScore Solutions...
At stake, proponents say, is credit access for as many as 35 million consumers whom FICO doesn’t evaluate, especially blacks and Hispanics with scant borrowing histories.
“By leveraging big data and advanced analytics, as well as 40+ years of historical data, we're cutting costs and...
Freddie Mac announced Friday it is making buying a home a better experience for lender and homebuyers – by cutting the appraiser out of the process.
But as 2018 draws nearer and capital shrinks, the enterprises’ regulator has grown more concerned about what could...
When mortgage finance companies Fannie Mae and Freddie Mac reported their second-quarter earnings this week, analysts were less interested in the companies’ bottom lines than in what might be called their forward guidance.
As it turns out, Freddie is indeed cutting its benchmark rate to the same level as Fannie, but Freddie just took a...
Last week, Fannie Mae announced it was cutting its benchmark interest rate for standard mortgage modifications for the second time this year, but Freddie Mac didn’t lower its rate, or so it appeared.
The proposal by Tennessee Republican Bob Corker and Virginia Democrat Mark Warner would attempt to foster competition...
Two U.S. senators working on a bipartisan overhaul of Fannie Mae and Freddie Mac are seriously considering a plan that would break up the mortgage-finance giants, according to people with knowledge of the matter.
According to the GSE’s press release, it accomplished this by automating the assessment of borrowers without credit...
Freddie Mac recently announced that it has expanded homeownership opportunities and access to credit for many Americans who do not currently have credit scores.
Mortgage bankers started a new effort Thursday to reform Fannie Mae and Freddie Mac, seeking to push Congress to pass...
Mortgage bankers started a new effort Thursday to reform Fannie Mae and Freddie Mac, seeking to push Congress to pass legislation after a bipartisan group of senators failed in 2013.
Fannie and Freddie's business models can be reformed by significantly increasing the GSE's capital requirements,...