Freddie Mac reported new buyback demands on $3.3 billion of mortgages during the third quarter, a stunning 31 percent increase from the previous period.
The GSEs common industry dataset that supports the CFPBs new disclosure form is called the Uniform Closing Dataset, and is one component of the Uniform Mortgage Data Program, an ongoing effort being directed by the FHFA.
According to calculations from Inside Mortgage Finance, some counties will see the limit fall to $271,050. At the very least FHA should allow for a phase-in period, said one industry lobbyist.
Mel Watt said he will formally announce the delay in higher LLPAs and g-fees after he is sworn in on Jan. 6, the same day he will resign his House seat.