Fannie’s decision to lower the downpayment requirement for loans on two- to four-unit multifamily properties should boost investment in this key source of affordable housing.
A new Fannie loan product offers lower pricing and more flexibility to conventional multifamily borrowers who voluntarily set aside units as workforce housing.
A new white paper released by the FHLBank San Francisco outlines the causes and possible solutions to the racial gap in homeownership. The bank’s CEO Bazemore identifies the highlights of the report.
The online application, DPA One, allows lenders to find and match up to 400 downpayment assistance programs with borrowers who need help with closing costs.
Loan buyback demands don’t seem to be an issue in the world of non-QM lending, at least not yet. But that could change, especially for low-capital originators who get swamped by aggregator demands, even on performing mortgages.
In a case that could have far-reaching effects on MBS investors, a New York judge ordered a servicer to recalculate clean-up call termination prices to include deferred payments.
The case against UBS Securities will determine whether the antiretaliation provision of the Sarbanes-Oxley Act requires a whistleblower to prove “retaliatory intent.”