Market forces and regulatory issues outside the control of Fannie and Freddie may make it difficult for them to achieve the proposed affordable housing benchmarks.

UMMC argues that the GSEs’ three-year duty-to-serve plans are wholly inadequate to address the current affordable housing crisis.

The enterprise will use limited powers of attorney to handle unrecorded assignments for non-MERS loans.

Wards of the Uncle Sam since the fall of 2008, these days the two government-sponsored enterprises are considered instrumentalities of the executive branch with little prospect of their conservatorships ending.

MSRs are red hot. A lasting thing?

In August, Ginnie sought comments on the capital standards. While some of the changes would apply to all servicers, others would apply specifically to nonbanks, the dominant players in the agency’s MBS program.

Demand for non-agency MBS can be measured by how new issuance prices compare to a benchmark rate.

Individual DPA grants could reach 10% of a home’s purchase price or $20,000, whichever is greater.

The 3Q21 shift from refinance to purchase-mortgage lending generally benefited FHA and private MI activity more than the VA market. (Includes two data charts.)

With the refinancing boom waning, experts are suggesting lenders look at low- to moderate-income consumers for growth opportunities.