Sunday, January 24News That Matters

Tag: Freddie

Fannie and Freddie CEOs discuss 2021 challenges, controversial 50 bps refi charge

The leaders of Fannie Mae and Freddie Mac sat down with Mortgage Bankers Association Chair-elect Kristy Fercho on Tuesday on the MBA Annual convention to discuss how the GSEs agree with managed the unheard of COVID-19 crisis.  Freddie Mac’s David Brickman and Fannie Mae’s Hugh Frater also offered their takes on challenges with sensible housing, racial disparities with homeownership, expectations for 2021 and – sure, you knew it became once coming – the 50 bps negative market charge that’s consequently of hit lenders doing refis foundation in December.  At the virtual panel, Brickman mirrored upon an “unheard of” three hundred and sixty five days in which “MBA contributors agree with in actuality risen to the snort.” The pandemic helped push over 400,000 borrowers to enter forbea...