As expected, the Federal Housing Financial Agency issued a final rule—as directed by the S. 2155 regulatory reform law—establishing new requirements for the validation and approval of credit score models by Fannie Mae and Freddie Mac.
The Federal Housing Finance Agency has directed Fannie Mae and Freddie Mac to make several changes to the Uniform Residential Loan Application, including the removal of a question asking applicants to indicate their preferred language
Non-QM mortgage loans are gaining traction, but the category still carries heightened risks.
The Consumer Financial Protection Bureau today issued an advance notice of proposed rulemaking seeking feedback on the upcoming expiration of the temporary “GSE patch,” which grants Qualified Mortgage status to loans eligible to be purchased or guaranteed by Fannie Mae or Freddie Mac.
The number of home loans backed by Fannie Mae and Freddie Mac that are 60 or more days past due fell from 1.08% to 1.03% at the end of the first quarter, according to the Federal Housing Finance Agency’s foreclosure prevention report released today.
As banks across the country mark American Housing Month in June, the ABA Banking Journal Podcast sat down with Michael Petrie, who leads the $4 billion Merchants Bancorp in Carmel, Ind. — one of the nation’s largest affordable housing lenders.
Almost 50% of all mortgage originations sold to Fannie Mae or Freddie Mac last year came from non-depository institutions, FHFA Director Mark Calabria said today at an industry event in Washington, D.C.
In a preface to the Federal Housing Finance Agency’s annual report to Congress today, Director Mark Calabria once again urged lawmakers to strengthen the agency’s authority as they work to unwind the conservatorships of Fannie Mae and Freddie Mac.
Fannie Mae and Freddie Mac today officially launched the Uniform Mortgage-Backed Security, which will replace the current TBA-eligible MBS issued by the two GSEs.