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Volume 14 - Number 22

October 31, 2014

Lenders Encouraged by FHFA Buyback Relief, Want Details

Mortgage professionals seem cautiously optimistic about new policy proposals from the Federal Housing Finance Agency on buyback relief and high loan-to-value lending, but it remains to be seen whether they will have the desired impact. Speaking at the annual convention of the Mortgage Bankers Association last week, FHFA Director Mel Watt shared some concrete details about the new “life of loan” representation-and-warranty relief and outlined a number of other changes on tap.

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With the spring homebuying season in full swing, what percentage of your March 2017 application volume has been for “purchase” loans?

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