Despite the outreach, borrowers will still be subject to a 50% debt-to-income ratio cap...

As of Jan. 1, Fannie Mae and Freddie Mac will for the first time be able to purchase one-unit single-family loans worth more than $1 million.

The real estate investment management firm has tapped the former Fannie official in charge of developing Desktop Underwriter to handle technology practice.

Loan Product Advisor, Freddie’s automated underwriting system, will soon be able to identify rent payments from the bank accounts of homebuyers who opt-in to the program.

MBS investors will now have access to 18 years of refinance and prepayment data derived from Desktop Underwriter.

Coding errors may require new underwriting for loans that relied on data originating with the massive credit score reporting firm.

At the direction of FHFA, the GSEs are permanently integrating desktop appraisals into their automated underwriting systems.

Once a “flexibility” intended to help lenders deal with the pandemic, the desktop appraisal is about to become a permanent fixture of Freddie’s Loan Advisor and Fannie’s Desktop Underwriter.

A partnership with fintech Esusu Finance will allow landlords to automatically forward positive rental payment history to the major credit reporting bureaus.

The two mortgage giants have devised different strategies to make sure renters have a better chance of qualifying for a mortgage.