Freddie issuance totaled $35.67 billion in August versus $34.36 billion at Fannie — a rare instance in which Freddie was the larger issuer. Year to date, though, Fannie is still the leader. (Includes two data tables.)
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Experts recommend industry stakeholders start working with the new credit scores if they want to be prepared when the transition from FICO Classic to FICO 10 T and VantageScore 4.0 goes into effect.
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The FHLBanks last year agreed to voluntarily raise their contributions to affordable housing programs from 10% of net income to 15%, but they balked at Treasury’s suggestion to increase that to 20%.
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New appraisal process will replace nine forms with a single, dynamic, data-driven form that works for all single-family residential properties.
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Landlords who repeatedly fail to provide tenants the new enterprise protections could be subject to a 0.20% penalty on their original loan amount or even a default.
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The mortgage giant has implemented a requirement that seller/servicers maintain and share records of the types of fraud they see as well as any specific fraud cases they’re aware of.
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