Browsing: GSEs

Mortgage

Fannie Mae today announced a series of changes aimed at making its automated underwriting more efficient and accurate and better enabling lenders to serve nontraditional borrowers. The changes are scheduled to take effect sometime in 2016. Among other things, Fannie will require lenders to use trended credit data, to be provided by Equifax and TransUnion,

Newsbytes

Fannie Mae’s and Freddie Mac’s combined second-quarter income rose to $8.8 billion from $2.4 billion in the first quarter, the Federal Housing Finance Agency reported today. The increase was attributed mainly to interest income and gains on derivates, the agency said, adding that the GSEs also saw a $2.2 billion decrease in loan loss reserves

Mortgage

The number of home loans backed by Fannie Mae and Freddie Mac that are 60 days or more past due or are in the foreclosure process fell 6 percent in the second quarter of 2015, following a 9 percent drop in the first quarter, according to the Federal Housing Finance Agency’s foreclosure prevention report released today.

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