The release of the Department of Housing and Urban Development’s long-anticipated final rule on condominium lending reform, which aims to boost FHA activity in the sector, may take longer than expected, according to industry participants.
In the most recent step to encourage fintech innovation, the Consumer Financial Protection Bureau is retooling its policy to spur improved alternative consumer disclosures.
After years of talk about “digital mortgages,” now is the time that lenders should adopt such technology, according to Henry Cason, a senior vice president at Fannie Mae and head of digital products for the government-sponsored enterprise’s single-family business.
Ten years after the start of the financial crisis, the conventional wisdom is that the housing boom was driven by subprime mortgages. Federal Reserve researchers recently offered a “new narrative” about the crisis: borrowers who received subprime mortgages didn’t inflate the housing bubble.
A new Federal Housing Finance Agency inspector general report highlights some potential risks in Freddie Mac’s Integrated Mortgage Insurance, or IMAGIN, program. Although it discusses some of the criticism leveled at the program, the IG report doesn’t take sides.
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