Fannie Fee on Broker Originations Faces Pushback September 23, 2022 Dennis Hollier Industry groups say Fannie’s 15-bp fee on broker-originated loans flies in the face of the level playing field for the mortgage business.Read More
MISMO Updates Include GSE Uniform Initiatives September 23, 2022 Dennis Hollier Progress has been made on modernization and simplification of the various sections of MISMO’s uniform mortgage data program.Read More
Fannie Unloads Another Batch of RPLs September 23, 2022 Dennis Hollier Fannie’s 27th RPL sale dispatches 6,060 loans with a UPB of nearly $1.0 billion.Read More
Top GSE Sellers Expand Market Share in August September 9, 2022 Dennis Hollier In a month of flip-flops, the largest lenders recorded increases in production and Freddie’s volume topped Fannie’s. (Includes two data charts.)Read More
Fannie Announces Latest NPL Sale September 9, 2022 Dennis Hollier The NPL offering is Fannie’s 20th community impact pool, which includes 70 loans in the Miami area with a UPB of about $16 million.Read More
Limited Interest in Freddie’s STACR Tender Offer August 12, 2022 Dennis Hollier The latest Freddie tender offer attracted less interest, with investors cashing in fewer certificates than for previous offers.Read More
Freddie Warns of New Mortgage Fraud Scheme August 12, 2022 Dennis Hollier Mortgage fraud has gone beyond borrowers simply falsifying income and employment information.Read More
NPL Sales by GSEs Ramping Up Following Slowdown July 15, 2022 Dennis Hollier The number of loans in Fannie and Freddie portfolios that are less than two years delinquent nearly tripled in 2021, courtesy of COVID.Read More
Fannie Updates Policy on Confidentiality Programs July 15, 2022 Dennis Hollier Thirty-nine states have programs that provide victims of domestic violence or sexual abuse with substitute mailing addresses to help hide their physical location.Read More
GSEs Update Lenders on Equifax Coding Error July 1, 2022 Dennis Hollier The impact of the Equifax credit score snafu appears to be minimal, limiting the headache for lenders.Read More