The Senate Banking, Housing and Urban Affairs Committee next week is expected to push officials from Fannie Mae, Freddie Mac and the Federal Housing Finance Agency on controversial pilot programs that have drawn the ire of certain industry factions.
Artificial intelligence and machine learning technology are currently being used by 26 percent of lenders surveyed by Fannie Mae. The government-sponsored enterprise also found that the share of lenders using such technology could hit 60 percent within two years.
The Department of Veterans Affairs has spiked an interim final rule on “qualified mortgages” in favor of a new separate rule establishing new QM standards.
A federal judge in Washington last week dismissed a securities fraud lawsuit against Zillow, ruling its co-marketing program does not violate the Real Estate Settlement Procedures Act.
The Federal Housing Finance Agency recently issued new guidance requiring Fannie Mae, Freddie Mac and Federal Home Loan Banks to have firm policies in place to manage the risks posed by changing interest rates. The regulator cautioned that excessive interest rate risk can threaten liquidity, earnings, capital and solvency.
Nonbank lenders licensed by state regulators have seen their share of the mortgage originations market grow dramatically over the past five years, according to a new Inside Mortgage Finance analysis. [Includes one data chart]
RSS