The GSEs will expand eligibility for loan modifications by revising mark-to-market LTV ratio-based requirements and using a step-by-step process until the borrower’s P&I payment is reduced by 20%.
The GSEs may not purchase mortgages for working farms or ranches, but they do buy mortgages for residential property in rural settings — even if they have some agricultural characteristics.
New technologies such as electronic closings, data validation services and income calculators are helping to increase quality assurance standards and mitigate risk, according to panelists at MBA’s compliance and risk management conference.
The Climate and Community Institute released a housing resiliency policy plan to confront the homeowners insurance crisis that has been exacerbated by climate disasters.
Interest rates tick up, mortgage applications slow near the end of September and refi rate locks spike during the month; Annaly turns to Rocket for subservicing and retention; Fairway touts returning employees; mortgage tech developments; SitusAMC sells loan insurance entity.
A new white paper says MBS investors can learn more about projected mortgage prepayment activity if MBS modeling is expanded to incorporate trended credit data.