The flurry of bulk sales of mortgage servicing rights continued into the third quarter, helping shift market share in the GSE market to larger firms. (Includes two data tables.)
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Fannie Mae and Freddie Mac released details on FHFA’s new policy of extending natural disaster-related reps-and-warranty relief to mortgagees impacted by the pandemic.
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If FHFA follows through on the shift from the tri-merge to a bi-merge system, two million borrowers currently eligible for a GSE mortgage would no longer qualify, according to a report from TransUnion.
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Freddie takes steps to ensure its older multifamily housing stock is in adequate repair. This is particularly crucial for properties in affordable housing programs.
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An audit by FHFA’s Office of Inspector General found that the agency’s Office of Housing and Regulatory Policy hasn’t conducted adequate oversight of the new reports.
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