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Multifamily Profits Weak at GSEs in Second Quarter

August 9, 2024
Dennis Hollier
High interest rates may mean lower acquisition volumes for the GSEs, but they also mean slower prepayment speeds for the mortgages in the agencies’ guarantee books of business. (Includes data table.)
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FHLBanks Urged to Spend More on Affordable Housing

August 9, 2024
Dennis Hollier
Senate Democrats note that FHLBank Boston CEO Timothy Barrett received $3.1 million in compensation last year while the bank contributed just $2 million to its affordable housing program.
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The Nuances of Home Possible and HomeReady

August 9, 2024
Dennis Hollier
FHFA’s recent decision to waive loan-level price adjustments for the low-income financing programs of the GSEs means that borrowers can sometimes get lower interest rates through HomeReady and Home Possible than they can using traditional GSE financing.
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Skepticism Springs Eternal When It Comes to GSE Reform

August 9, 2024
Dennis Hollier
Housing finance aficionados may doubt Fannie and Freddie will ever exit conservatorship, but that doesn’t stop them from telling you what that exit would look like.
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Freddie Simplifies Loan Assumption Process

August 9, 2024
Dennis Hollier
LPA will now confirm loan assumptions for eligible borrowers, simplifying the process for servicers that aren’t sellers.
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GSEs Working to Control Risks From Variety of Threats

August 9, 2024
Dennis Hollier
Freddie’s head of third-party oversight and governance recently outlined the main counterparty risks faced by the mortgage giant.
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FHFA Information Security ‘Not Effective,’ Audit Finds

August 9, 2024
Dennis Hollier
A 2024 IT security audit found that FHFA still had several recommendations from prior audits remaining open.
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CFPB’s Title Insurance RFI Draws Mixed Responses

August 9, 2024
Shannon Clark
Shifting the burden of title insurance from borrowers to lenders may not provide the best overall cost savings, according to economists at the Urban Institute.
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What to Expect When You’re Expecting to Sell MSR

August 9, 2024
Paul Muolo
New to the servicing sales arena? Been keeping your portfolio forever and are ready to off-load some of it and book a gain? There’s a few basic things you should know.
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Vendors Offer New Income Verification Tools

August 9, 2024
James Dohnert
CoreLogic and Equifax launched new income verification tools ahead of an anticipated increase in purchase originations.
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