The Mortgage Bankers Association argues that higher income thresholds would allow more minority borrowers access to low-downpayment mortgages like HomeReady and Home Possible.
A district court judge in Houston said the plaintiffs weren’t able to prove that they were harmed because President Trump was prevented from removing FHFA Director Mel Watt from office for two years.
Loan-level price adjustments for low-income and first-time borrowers and for loans that meet duty-to-serve requirements will be a thing of the past on Dec. 2.
The average g-fee charged on single-family loans in 2021 rose from 54 basis points to 56 bps. Much of the increase can be traced to 15-year fixed-rate refinances, which were subject to an extra adverse market fee.
The enterprise issued more credit-risk transfer deals this year than last. But increasing interest rates have made the deals less and less attractive for Freddie.
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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