As the historic mortgage boom fades into the past, buyback claims from the GSEs have declined. The biggest downturn has been at Freddie. (Includes three data tables.)
Read More
Critics argue that the new title insurance waiver pilot would only apply to wealthy homeowners. However, one tech title company said it could lower closing costs for most buyers under 120% AMI.
Read More
Fannie Mae and Freddie Mac shareholders may finally get some modest compensation for FHFA’s decision to allow Treasury to seize all of the profits of the government-sponsored enterprises.
Read More
Lenders argue that the cumulative cost of verification of income and employment, especially the electronic kind, is unreasonable and should be scrutinized by FHFA.
Read More
The Foreclosure Abuse Prevention Act, signed into law in 2022, blocks lenders from avoiding New York’s six-year statute of limitations on foreclosures by simply canceling the foreclosure. New language in Fannie’s loan modification agreement may negate FAPA’s block.
Read More
The last-minute decision by the Trump administration to reduce GSE purchases of speculative and riskier loans had some unintended consequences.
Read More
Appraisers have dramatically reduced the use of prohibited words in their valuations, a sign Fannie has made strides in limiting bias against protected classes.
Read More