Fannie’s Desktop Underwriter and Freddie’s Loan Product Advisor were both updated to include FHFA’s 2025 area median income figures. The changes affect eligibility for duty-to-serve and affordable housing programs.
Rent payment history and bank account income verification are just the start. Machine learning algorithms also promise better risk assessment and more accurate pricing for that risk.
The federal government should put an emphasis on building affordable housing with resilient materials that can withstand natural disasters, according to Rep. Mike Flood, R-NE.
Joseph Gormley, the recently-appointed executive vice president of Ginnie Mae, said foreign interest in Ginnie securities might soon come from beyond the typical investors.
The Trump White House wants the Fed to cut rates but with employment healthy and U.S. deficits growing larger, that’s not likely to happen. One casualty: MBS prices.