The Federal Housing Finance Agency said it is most concerned about whether the government-sponsored enterprises are resilient and able to quickly recover from a disaster. In the agency’s annual report to Congress released last week, the regulator listed a number of management and supervisory concerns spotted by FHFA examiners in 2017.
The mortgage industry isn’t fully prepared to accept borrowers with income from the so-called gig economy, according to a survey by Fannie Mae. Nearly every mortgage executive surveyed reported that such income is difficult to approve when considering a loan application.
The Department of Veterans Affairs has issued guidance to VA program participants to ensure that all mortgage loans meet the requirements of the recently enacted Dodd-Frank Act reform law prior to endorsement.
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