Fannie Mae-No Politics (FNMA)

[navycmdr]

When Privatized, Will Fannie and Freddie Still be Called GSEs?

(notice it says"when" not "if" privatized" ) ...

As the moves toward removing Freddie and Fannie (Government Sponsored Enterprises) from conservatorship take place behind closed doors, the question lenders have is, “We know conventional conforming rates will go up, but by how much?” Part of that will eventually be answered by the amount of government (read: taxpayer) backing they have. Not every home loan in the United States has to have government backing, of course, when times get tough and other investors flee, it sure helps. Meanwhile, most applications are priced, processed, underwritten,
and funded to Agency guidelines. Who’s doing what out there?

FHFA Director Bill Pulte, part of the Pulte family and known for firing much of Fannie Mae’s board, took to social media to note that no more executive dismissals should be forthcoming at the GSEs in the near term, suggesting instead that Fannie and Freddie will be focusing on priorities including growth, eliminating mortgage fraud, safety and soundness, and making homes affordable again.

Freddie Mac expanded eligibility for hybrid appraisals available for Loan Product Advisor (LPA) submissions and resubmissions on or after 04/07/2025. View Pennymac Announcement 25-41 for further information.

Fannie Mae April Servicing Guide announcement 2025-02 includes clarification on how to calculate the
remaining mortgage loan term for a Fannie Mae Flex Modification if the borrower has made additional
principal payments, plus miscellaneous updates.

Fannie Mae LL-2025-01 includes the updates to the time frames within which routine foreclosure
proceedings must be completed in twenty-two jurisdictions. The addition of COVID-19 Foreclosure
Moratorium and Forbearance as allowable delays, while removing Unemployment Forbearance.
The policy changes apply to all mortgage loans with a foreclosure sale date on or after July 1, 2025.

Fannie Mae posted the April Appraiser Quality Monitoring (AQM) list to Fannie Mae Connect™.

New to servicing Fannie Mae loans or would like to refresh your knowledge? Our self-paced
eLearning series provides an overview of the Servicing Guide, our systems, investor accounting,
and much more. Get grounded in the fundamentals.

Users can now engage with technology service providers (TSPs) to leverage IRS tax return
ranscripts to import data into Income Calculator’s web interface, helping reduce time spent
on manual data entry. Fannie Mae authorized two TSPs for tax transcript data extraction,
and both are now available to support.

Pennymac Announcement 25-40: Updates to Conventional LLPAs.