CoreLogic is touting a new on-demand service that makes residential condominium lending a less strenuous process for lenders even as Fannie Mae and Freddie Mac warm up the market with policy changes to drum up new business. The new service, CondoSafe Express, simplifies condo lending by taking over the extra layer of work lenders must perform to originate a condo loan. “Lenders not only have to get a borrower’s credit report, verify income and ... [Includes one data chart]

California remained the biggest market in the U.S. for primary mortgage insurance during the second quarter, but other states had higher proportions of insured loans, according to an Inside Mortgage Trends analysis of agency loan-level data. In Florida, Virginia and Georgia, more than 60 percent of agency loans carried some form of primary mortgage insurance ... [Includes one data chart]

FHA officials have fretted about rising DTI ratios for some time…

A HUD spokesman told this news organization that “non-U.S. citizens without lawful residency in the U.S. are not eligible for FHA-insured mortgages.”

Noticeably absent from the letter: the FHLBs of Chicago and San Francisco…

Kraninger also avoided making a commitment to defend the CFPB’s constitutionality...

Of course, there are some in the industry who will argue Fannie and Freddie are hardly zombie-like at all...

Most of the nation’s largest home lenders started reporting second quarter results this week, indicating a modest improvement in residential originations and profits – but nothing to write home about.

There appears to be no clear, unified lending policy among the government-sponsored enterprises, FHA, VA and the U.S. Department of Agriculture when it comes to the eligibility of certain non-permanent U.S. residents for a conventional conforming or government-backed mortgage loan.

Attorney General Jeff Sessions: “When issuing regulations, federal agencies must abide by constitutional principles and follow the rules set forth by the Congress and the President.”