Short Takes: Applications Decline / CFPB Looking at Home Equity Lending; Points / Fannie Offers Spanish-Language Materials / SPCP Expansion Planned September 27, 2023 Brandon Ivey Applications for both purchase mortgages and refinances declined last week.Read More
Ginnie Gains Servicing Share in Second Quarter September 22, 2023 John Bancroft Ginnie Mae continued to set the pace in the agency single-family servicing market as its outstanding MBS rose 2.1% to $2.270 trillion.Read More
Short Takes: ‘Mild’ Recession Expected / Waiting for Lower Rates / Few Loans in Forbearance September 19, 2023 Brandon Ivey Soft landing or mild recession...Read More
Fannie Okay With Mortgages for 3D-Printed Homes September 7, 2023 Brandon Ivey “Lenders should follow the standard eligibility and comparable sale selection requirements for site-built housing,” Fannie said of 3D-printed homes.Read More
GSE CRT Activity Jumps in Second Quarter August 23, 2023 Dennis Hollier The April-June period marked the second consecutive quarter in which Fannie Mae's CRT issuance exceeded Freddie Mac's, an unprecedented period of CRT dominance for Fannie.Read More
Jury Awards GSE Shareholders $612 million August 15, 2023 Dennis Hollier A jury found that the Federal Housing Finance Agency violated its duty as conservator of the GSEs when it agreed to the net worth sweep in 2012.Read More
Uncertainty on Timeline of New Credit Score Models August 11, 2023 Dennis Hollier Industry wants more time to comply with new credit score requirements.Read More
GSEs to Phase Out COVID Servicing Policies August 10, 2023 Dennis Hollier Most pandemic-era flexibilities regarding QRPC, forbearances and loan-modification plans will sunset Nov. 1.Read More
GSEs Adjust Guidelines on Tax Liens, Appraisals August 8, 2023 Dennis Hollier Freddie Mac stated that the borrower’s debt-payment-to-income ratio must be calculated based on the payment plan established with the IRS.Read More
Home Price Growth Buoys Fannie Earnings August 1, 2023 Dennis Hollier The mortgage giant saw a $132 million first-quarter provision for losses shift to a $1.22 billion benefit in the second.Read More