FHFA Director Pulte said fired Fannie employees were abusing their remote work status and, in some instances, fraudulently misusing the company’s matching gift program.
Plaintiffs in a New York class-action say Fannie and four other defendants systematically overcalculate the interest charged to borrowers during foreclosure proceedings.
The integration of Condo Project Manager into Desktop Underwriter should allow lenders to quickly determine if a condo project is eligible for Fannie-backed mortgages.
Fannie’s AI-powered Ask Poli allows quality control personnel to identify frequently researched topics, both within and outside their organization, as a way to forecast current or future loan defects.
In the Trump economy, predicting which way rates might go in the wake of a stock market swoon is more difficult than usual. As for MBS spreads narrowing, don’t bet on it anytime soon.
Few issuers tried to price non-agency MBS in the days following President Trump’s tariff announcement last week. An expanded-credit MBS from Annaly priced at the widest spreads seen in more than a year.