Fannie eMortgage Delivery Easier for Small Lenders
April 26, 2013
Fannie Mae is making it easier for small and medium-sized lenders to deliver electronic mortgages to the government-sponsored enterprise. “Currently, lenders are required to obtain a variance to their master agreement in order to deliver electronic mortgage loans (eMortgages) to Fannie Mae,” the GSE said in a recent selling guide announcement. “Fannie Mae would like to expand...
The new FHFA director’s whirlwind first week resulted in widespread staffing cuts at the regulator and a dramatic change in leadership at the GSEs. So far, criticism has been muted.
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