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Fannie Adds Verification Tools to DU

March 8, 2024
Dennis Hollier
Lenders will now be able to use a single verification report to validate income, employment, assets, positive rent payment and cash flow history. However, the report must have at least 12 months of data.
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FHFA Yields to Industry Concerns About Credit Score Changes

March 8, 2024
Dennis Hollier
The regulator delayed implementation of the controversial bi-merge scoring model and accelerated the release of historical credit score data.
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FHFA Looks to Revise Survey of Borrowers

March 8, 2024
Dennis Hollier
FHFA said proposed changes to the American Survey of Mortgage Borrowers will help to inform oversight of the GSEs and FHLBanks.
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Key Deputy Director Promotions at FHFA

March 8, 2024
Dennis Hollier
Agency veterans Anne Marie Pippin and Anju Vajja have taken over as deputy directors of the division of conservatorship, oversight and readiness, and the division research and statistics, respectively.
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GSE Capital Markets Teams Have a Busy Week

March 8, 2024
Dennis Hollier
The capital markets teams at Fannie Mae and Freddie Mac combined announced five transactions over the past week.
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Borrowers Highly Sensitive to Moves in Interest Rates

March 8, 2024
Brandon Ivey
In recent months, when interest rates have declined even slightly, loan applications have jumped, indicating that potential borrowers are keeping a close eye on interest rates. There could also be some relief on affordability as the inventory of homes for sale increased in February.
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Resumption of Student Loan Payments Causing Stress

March 8, 2024
Monica Hogan
Lower-income households with mortgages have to make difficult budget choices to accommodate the resumption of student loan payments, new research showed. Overall, though, the payment restart is expected to have modest effects on mortgage performance.
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Research Ties Movement in Home Prices to Media Coverage

March 8, 2024
Dennis Hollier
New research showed that media coverage of home prices helps boost home price growth. This appears to be true at both the state and city level.
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Ginnie Investors Raise Concerns Over Spike in VA Loan Prepayments

March 7, 2024
Monica Hogan
Prepayments on VA loans in Ginnie MBS jumped in February and will likely remain elevated in March. It’s a recurrence of an ongoing problem for Ginnie and VA: streamlined refinance business.
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Ginnie Updates Eligibility Rules for MH MBS Issuers

March 7, 2024
Monica Hogan
Ginnie Mae last week announced revisions to its issuer eligibility requirements to participate in its manufactured housing MBS program.
Read More
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