Fannie/Freddie Report Increased Profits

Both GSEs reported financial results for the third quarter of 2020 that were significantly higher than both their Q2 2020 and their 2019 numbers. Fannie Mae’s net ¬†and its comprehensive incomes were $4.2 billion and Freddie Mac’s net and comprehensive...

Forbearance Plans Increase, Many are Reinstatements

The number of loans in COVID-19 related forbearance plans rose during the past week, driven by both an increase in new plans and significantly fewer borrowers exiting from the program. Black Knight said its weekly survey found a net increase of 31,000 mortgage loans...