Fannie Mae

Freddie Mac Announces Action to Make Down Payment Assistance Programs More Accessible for Individuals and Families Across the Nation

Retrieved on: 
Monday, December 4, 2023
HFA, Freddie Mac, Fannie Mae, Mission, National Council, DPA, Confusion, OTCQB, Community engagement, Real estate

MCLEAN, Va., Dec. 04, 2023 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced new, standardized mortgage documents that increase clarity, consistency and accessibility of down payment assistance (DPA) programs nationwide.

Key Points: 
  • MCLEAN, Va., Dec. 04, 2023 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced new, standardized mortgage documents that increase clarity, consistency and accessibility of down payment assistance (DPA) programs nationwide.
  • Through standardization, Freddie Mac is helping to bring efficiency to the loan manufacturing process, creating time and cost saving opportunities across the industry.
  • To construct the standardized subordinate lien documents, Freddie Mac partnered with Fannie Mae and state HFAs as co-creators and early adopters.
  • Current versions of the state standardized lien documents are available on Freddie Mac’s website for the following states:

Restb.ai AI-powered computer vision technology offers lenders, appraisers image validation solution designed for GSE-compliance

Retrieved on: 
Wednesday, November 29, 2023
Government-sponsored enterprise, Government, Fannie Mae, Real estate

Restb.ai , real estate’s leading AI-powered computer vision solutions provider, offers mortgage originators and appraisal management companies (AMCs) a GSE-compliant image validation solution with its computer vision technology.

Key Points: 
  • Restb.ai , real estate’s leading AI-powered computer vision solutions provider, offers mortgage originators and appraisal management companies (AMCs) a GSE-compliant image validation solution with its computer vision technology.
  • Recently, Fannie Mae analyzed more than a million appraisals using image recognition technology to compare appraisal reports to interior photos of comparables for comparing condition ratings.
  • The differences in ratings were so significant that Fannie Mae is now using image recognition to detect condition errors.
  • With the GSE moves, mortgage lenders and appraisal firms seek to reduce condition errors by adopting computer vision technology into the appraisal process.

Cenlar Promotes Four Leaders to Vice President and One to Director

Retrieved on: 
Wednesday, December 27, 2023
Professional Services, Other Professional Services, Insurance, Human Resources, Finance, Consulting, Banking, Government, Solution architecture, CSM, Hospitality, University, Fannie Mae, Verizon Communications, Law, Fitch Ratings, Business administration, GMAC ResCap, Digital transformation, Administration, Information system, Fairleigh Dickinson University, Information technology, Internal communications, FSB, Missouri State University, Cabrini University, AMP, Centenary University, Information, Automation, GMAC, REO, Ocwen, Communication, Management

Cenlar FSB, the nation’s leading mortgage loan subservicer, announced today the promotion of four leaders to Vice President and one to Director – all of whom enable us to offer the most innovative, high quality and flexible servicing solutions to the market.

Key Points: 
  • Cenlar FSB, the nation’s leading mortgage loan subservicer, announced today the promotion of four leaders to Vice President and one to Director – all of whom enable us to offer the most innovative, high quality and flexible servicing solutions to the market.
  • Our promoted Vice Presidents include:
    Shanth Ananthuni to, Vice President of Digital Transformation.
  • Before Cenlar, Shanth served as a Digital Program Manager and Strategist for Bank of America/Merrill Lynch.
  • Before Cenlar, David worked at CitiMortgage where he held several senior leadership roles in default servicing and project management.

Economy and the Future of Work

Retrieved on: 
Tuesday, December 19, 2023
Workforce, Multimedia, Fannie Mae, Acquisition, Acqui-hiring, Automation, Strategic planning, Work, Growth, Population growth, Management

OMAHA, Neb., Dec. 19, 2023 /PRNewswire/ -- NEI Global Relocation recently unveiled a comprehensive report titled " Economic Trends and the Future of Work ."

Key Points: 
  • OMAHA, Neb., Dec. 19, 2023 /PRNewswire/ -- NEI Global Relocation recently unveiled a comprehensive report titled " Economic Trends and the Future of Work ."
  • This in-depth analysis provides a critical examination of the evolving global economy and its impact on workforce dynamics and global mobility.
  • Global Trade Dynamics and Job Movement: The report covers global trade dynamics, including migration of manufacturing jobs and the effects of free trade agreements.
  • This trend signals a potential future decrease in the domestic workforce, emphasizing the need for strategic immigration and corporate relocation policies.

DECISIONPOINT HIRES ASYA SMITH AS ITS NEW CHIEF OPERATING OFFICER

Retrieved on: 
Tuesday, December 19, 2023
American Benefit Plan Administrators, Women in Technology, Fannie Mae, SDVOSB, Government, Woman, Johns Hopkins University, Defense, Asya, Growth, Service-Disabled Veteran-Owned Small Business, Institute of technology, Management

GAITHERSBURG, Md., Dec. 19, 2023 /PRNewswire/ -- DecisionPoint Corporation has hired Asya Smith as its Chief Operating Officer.

Key Points: 
  • GAITHERSBURG, Md., Dec. 19, 2023 /PRNewswire/ -- DecisionPoint Corporation has hired Asya Smith as its Chief Operating Officer.
  • Asya will lead corporate operations and ensure the seamless execution of program delivery through her corporate vision and strategic scaling.
  • Previously, Asya served as the Chief Operating Officer of VariQ and also supported corporations such as Fannie Mae and Zenith American Solutions.
  • Asya Smith expressed her excitement about joining DecisionPoint, "I'm extremely excited to join DecisionPoint at this pivotal point in its journey and lead it in its growth and transition to a mid-tier business.

BBB National Programs Board of Directors Welcome Three Esteemed New Board Members and Re-Elect Three Board Members

Retrieved on: 
Monday, December 18, 2023
Unilever, Interactive Advertising Bureau, Procter & Gamble, Corporate Affairs, Microsoft, Association of National Advertisers, The Home Depot, Fannie Mae, NPR, Sallie Mae, CPA, Effectiveness, Verizon Communications, BBB, IAB, ESG, Johns Hopkins University, Sanders, BBB National Programs, Leo Burnett Worldwide, Chairperson, FTC, General counsel, Communication, Consumer Brands Association, EXL, EVP, Corporation, Policy, Former, Interactivity, Management

"Their expertise advances BBB National Programs' mission to empower businesses in fostering consumer trust and strengthening consumer voices.

Key Points: 
  • "Their expertise advances BBB National Programs' mission to empower businesses in fostering consumer trust and strengthening consumer voices.
  • Departing the Board of Directors are Elaine Kolish, a former FTC and BBB program official, and Barbara Wall, former longtime Gannett Company senior executive.
  • BBB National Programs Board Members support and inform the nonprofit's mission to be the place where businesses go to enhance consumer trust and where consumers are heard.
  • Board Members are also instrumental in increasing awareness and expanding the reach of the organization's independent industry self-regulation programs.

Home Sales, Mortgage Originations Likely to Begin Slow Recovery in 2024

Retrieved on: 
Monday, December 18, 2023
ESR Group, Forecasting, Fannie Mae, Sale, Economy, Housing, ESR, OTCQB, Federal Reserve, Engineering, Great, Growth, Fed

WASHINGTON, Dec. 18, 2023 /PRNewswire/ -- Single-family home sales likely bottomed out in Q4 2023 and, due to the recent pullback in mortgage rates, are expected to begin a slow but meaningful recovery over the course of the next year, alongside upward-trending mortgage origination activity, according to the December 2023 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. Purchase mortgage applications have rebounded approximately 15 percent from their trough in November, a trend that the ESR Group expects to continue if mortgage rates continue to slide. However, the same dynamics that kept home sales in 2023 at their lowest level since the Great Financial Crisis, including affordability challenges, the lock-in effect, and a lack of homes available for sale, will likely persist in 2024. As such, the ESR Group expects the home sales recovery to be meaningful but slow.

Key Points: 
  • Purchase mortgage applications have rebounded approximately 15 percent from their trough in November, a trend that the ESR Group expects to continue if mortgage rates continue to slide.
  • As such, the ESR Group expects the home sales recovery to be meaningful but slow.
  • Duncan continued: "Notwithstanding the recent mortgage rate rally, housing and mortgage markets will enter 2024 at approximately the same level as they entered 2023.
  • To receive e-mail updates with other housing market research from Fannie Mae's Economic & Strategic Research Group, please click here .

Enact Completes Sixth Mortgage Insurance Linked Note Credit Risk Transaction as Part of its Diversified Credit Risk Transfer Program

Retrieved on: 
Wednesday, November 15, 2023
ACT, Security (finance), Annual report, Government, Insurance, Federal Housing Administration, Triangle, ILN, GSE, Fannie Mae, Uncertainty, CRT, Communication, Risk, Freddie Mac, Failure, COVID-19, Enactment

This ILN transaction provides coverage on a portfolio of existing seasoned mortgage insurance policies written from July 1, 2022 through June 30, 2023.

Key Points: 
  • This ILN transaction provides coverage on a portfolio of existing seasoned mortgage insurance policies written from July 1, 2022 through June 30, 2023.
  • Triangle Re 2023-1 funded its reinsurance obligations by issuing four classes of mortgage ILNs, which have a 10-year legal maturity and a 5-year call option to qualified institutional investors in an unregistered private offering.
  • The ILNs are non-recourse to Enact Holdings, Inc., or its subsidiaries and affiliates.
  • Our forward-looking statements contained herein speak only as of the date of this press release.

Esusu and Fannie Mae Enable Over 22,000 Renters to Establish Credit Scores

Retrieved on: 
Tuesday, November 14, 2023
Fannie Mae, Empowerment, Tenant, Partnership, Housing, Lease

The latest data underscores the far-reaching impact on more than 224,000 renters enrolled with Esusu, resulting in the creation of 22,155 new credit scores for previously credit-invisible renters and unlocking billions of dollars in capital for low-to-moderate income renters.

Key Points: 
  • The latest data underscores the far-reaching impact on more than 224,000 renters enrolled with Esusu, resulting in the creation of 22,155 new credit scores for previously credit-invisible renters and unlocking billions of dollars in capital for low-to-moderate income renters.
  • In September 2022, Fannie Mae introduced the Positive Rent Payment pilot to enable renters to build and establish their credit scores through on-time rent reporting.
  • Fannie Mae encouraged its owners/operators to adopt positive rent reporting by covering the cost of the service for one year.
  • A survey of renters revealed that 79% recognized the potential for greater financial opportunities with higher credit scores.

Blake Okland to Lead Cushman & Wakefield’s Multifamily Capital Markets Platform

Retrieved on: 
Thursday, November 30, 2023
Other Construction & Property, Commercial Building & Real Estate, Construction & Property, Vice, Acquisition, NYSE, Cushman & Wakefield, Executive Committee, Multimedia, Fannie Mae, Trust, TruAmerica Multifamily, HUD, CBRE, ARA, Growth, CWK, Commercial property

While there, he also served on Newmark’s U.S. Operating Committee and its Global Capital Markets Board.

Key Points: 
  • While there, he also served on Newmark’s U.S. Operating Committee and its Global Capital Markets Board.
  • Additionally, he is an Executive Committee member of the National Multifamily Housing Council and a member of ULI’s Multifamily Gold Product Council.
  • Our joint venture with Greystone has contributed to our goal of building the finest multifamily platform in the country,” said Dan Broderick, President, Americas Advisory, Cushman & Wakefield.
  • In 2020, Cushman & Wakefield acquired Pinnacle Property Management, one of the largest multifamily property management firms in the U.S., further contributing to the expanded platform’s capabilities to service the multifamily sector nationwide.