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Other News in Brief

October 30, 2023
Namrata Bhatia
CFPB sends credit card report to Congress; bureau fines remittance provider; Ameris Bank settles redlining charges; NMLS issues new version of Mortgage Call Report.
Read More

Litigation: A Mixed Bag for GSE Shareholders

October 27, 2023
Dennis Hollier
The GSEs’ shareholders racked up one win and one loss last week in their legal battle to overturn the net worth sweep.
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GSEs Provide Details on Reps-and-Warranty Relief

October 27, 2023
Dennis Hollier
Fannie Mae and Freddie Mac released details on FHFA’s new policy of extending natural disaster-related reps-and-warranty relief to mortgagees impacted by the pandemic.
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FHFA Responds to FOIA Request on Employee Settlements

October 27, 2023
Dennis Hollier
Documents show FHFA entered into 36 settlement agreements between January 2019 and September 2021 to resolve employee disputes.
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Freddie Multifamily Updates Due Diligence Requirements

October 27, 2023
Dennis Hollier
Freddie takes steps to ensure its older multifamily housing stock is in adequate repair. This is particularly crucial for properties in affordable housing programs.
Read More

FHFA Fails to Document Reviews of Desktop Appraisal Reports

October 27, 2023
Dennis Hollier
An audit by FHFA’s Office of Inspector General found that the agency’s Office of Housing and Regulatory Policy hasn’t conducted adequate oversight of the new reports.
Read More

Capital Markets Update for the GSEs

October 27, 2023
Dennis Hollier
Fannie celebrates 10-year anniversary of CRT program; results of the GSE’s fifth tender offer.
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MBA Forecasts More Pain Ahead

October 27, 2023
Monica Hogan
The Mortgage Bankers Association projected that purchase originations will grow 11% next year to $1.47 trillion.
Read More

Lenders Detail Paths to Reach Mortgage-Ready Borrowers

October 27, 2023
Namrata Bhatia
A focus on marketing language, downpayment assistance programs and technology are key to reach mortgage-ready borrowers, according to lenders speaking at the MBA’s annual convention.
Read More

FEMA Flood Maps Fail Minority Homeowners

October 27, 2023
Dennis Hollier
Even as the geographic area of the FEMA-designated 100-year floodplain has expanded, the number of properties considered to be in the floodplain has declined.
Read More
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