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Freddie Expands Repurchase Alternative Pilot to All

November 1, 2024
Dennis Hollier
In a busy week at the Mortgage Bankers Association’s annual conference, Freddie Mac rolled out an expansion of its repurchase alternative pilot. Officials also defended the closed-end second-lien pilot.
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Lenders Anxious as Credit Score Changes Loom

November 1, 2024
Dennis Hollier
The far-reaching impacts of shifting from Classic FICO to a combination of FICO 10 T and VantageScore 4.0 have lenders worried about customer relations and fair lending problems.
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Lenders, Advocacy Groups Disagree on GSE Housing Goals

November 1, 2024
Dennis Hollier
Housing advocates say weaker goals don’t give the GSEs enough incentive to support underserved communities; lenders say they give needed leeway when markets are unpredictable.
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FHLB San Francisco Expands Access for CDFIs

November 1, 2024
Dennis Hollier
The FHLBank is extending the terms and reducing the haircut on collateral pledged by non-depository CDFIs and state-chartered HFAs (which technically aren’t even members).
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FHFA Eases Access to FHLB Affordable Housing Grants

November 1, 2024
Dennis Hollier
A new advisory bulletin streamlines the application process for an affordable housing subsidy and makes the rules more compatible with those of other affordable housing funders.
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GSEs Update Timeline for Uniform Appraisal Dataset

November 1, 2024
Dennis Hollier
Fannie Mae and Freddie Mac have put specific dates on some of the key steps in the shift from UAD 2.6 to UAD 3.6.
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Nonbanks Found to Lower Costs on GSE Mortgages

November 1, 2024
Dennis Hollier
Researchers find that the highest and lowest rates on GSE mortgages are charged by large banks and fintechs, respectively.
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Get Comfortable With AI, Mortgage Industry Urged

November 1, 2024
Monica Hogan
The Mortgage Bankers Association hosted experts in artificial intelligence at its annual convention this week to help familiarize attendees with the opportunities AI will bring to their businesses.
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Mortgage Lenders Find Value In Simplifying Closing Costs

November 1, 2024
Shannon Clark
Fannie Mae found that most mortgage lenders think it would be valuable to simplify and standardize closing cost line-item descriptions.
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Servicing Borrowers Okay With Chat Technology

November 1, 2024
James Dohnert
A new study from J.D. Power showed that mortgage servicers could better meet customer demands by implementing online chat and AI technologies into their workflows.
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