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GSEs Tout Updated Appraisal Process

September 6, 2024
Dennis Hollier
New appraisal process will replace nine forms with a single, dynamic, data-driven form that works for all single-family residential properties.
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Freddie Updates Fraud Reporting Requirements

September 6, 2024
Dennis Hollier
The mortgage giant has implemented a requirement that seller/servicers maintain and share records of the types of fraud they see as well as any specific fraud cases they’re aware of.
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GSEs Provide Details on New Multifamily Tenant Protections

September 6, 2024
Dennis Hollier
Landlords who repeatedly fail to provide tenants the new enterprise protections could be subject to a 0.20% penalty on their original loan amount or even a default.
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Freddie to Sell $233 Million in NPLs

September 6, 2024
Dennis Hollier
The mortgage giant announced a non-performing loan sale and the results of its latest STACR tender offer.
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Fannie Expands Eligibility for Green MBS Program

September 6, 2024
Dennis Hollier
Lenders will soon be able to deliver their own green MBS into Fannie’s green MBS program. Currently, only whole loans are accepted.
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Fannie Chief Economist Duncan Set to Retire

September 6, 2024
Dennis Hollier
Doug Duncan will step down as chief economist Sept. 22.
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Gain in Production Income Offsets 2Q24 Servicing Drag

September 6, 2024
John Bancroft
Improving efficiency played a big role in boosting mortgage-banking profits in the second quarter as gain-on-sale margins narrowed while servicing took a hit on net MSR valuation. (Includes data table.)
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Implementing AI in the Mortgage Space

September 6, 2024
Dennis Hollier
One reason companies should formally adopt generative AI is that three-quarters of employees say they already use ChatGPT or one of its competitors in the workplace.
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MISMO Simplifies Standards Implementation

September 6, 2024
Dennis Hollier
The introduction of MISMO Link should democratize the creation and implementation of standards and processes even among those that aren’t MISMO standards experts.
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AI, Automation Can Help Lenders Reach Digital Native Borrowers

September 6, 2024
James Dohnert
Mark Cunningham, CEO at TRAiNED, believes new technologies can be leveraged to better reach so-called digital native homebuyers.
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