Nearly 70% of the volume going to the GSEs due to the QM patch could be handled in the non-agency market without disrupting borrowers, according to a new SEC filing and presentation from Redwood.
Calabria’s comments should make it crystal clear to the managements of Fannie and Freddie that when it comes to new products and expansion, the two will be on a very short leash...
Prosecutors say the defendants doctored the income and purchase prices multifamily properties by maintaining a second set of books, and using fake liens, false contracts, and inflated invoices...
In the first quarter of 2019, the average credit score for retail production was 725.97, 7.3 points higher than the average for correspondent production...
FHFA Director Mark Calabria: "For instance, we are actively reviewing all recent expansions into new markets and activities to put an end to the era of charter creep."
Craig Phillips plans to stay at the Treasury Department until the agency's housing finance reform plan is drafted. President Trump noted that "many geniuses" will contribute to the plan.
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