Although Fannie Maes and Freddie Macs regulator has previously telegraphed additional increases in the government-sponsored enterprises guaranty fees sometime this year, it remains to be seen when or whether the Federal Housing Finance Agency will follow through on its 12-month-old proposal to charge higher g-fees on loans in states with slow foreclosure processes. One year ago this week, the FHFA solicited public comments on a proposal to adjust the single-family g-fee that the GSEs charge in five states with unusually slow foreclosure times. The five states Connecticut, Florida, Illinois, New Jersey and New York would be subject to an additional upfront fee of between 15 and 30 basis points charged to lenders. The FHFA has said...
Fannie Mae has yet to implement a red flag system to identify trends and data anomalies for servicer reimbursements, according to a new report from the FHFA Inspector General.
Brokers and others who do business with Nationstar Mortgage said theyve been hearing stories about two-week delays on funds being delivered. Meanwhile, FHA has run out of multifamily money.
Mortgage buybacks can vary significantly among seller/servicers because its driven by business and legal processes rather than current market dynamics.
Despite growth in the non-agency jumbo market, primary market lenders remain focused on production that they can safely securitize through the GSEs and Ginnie Mae.