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]

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.”

Meanwhile, several large MSR packages are currently out for bid.

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

Part of the debate over the future of the government-sponsored enterprises is whether the existing cross subsidization in Fannie Mae and Freddie Mac pricing of guarantee fees for mortgage-backed securities should continue.

The judges opined: "Indeed, the GSEs lost more in 2008 ($108 billion) than they had earned in the previous thirty-seven years combined ($95 billion). Yet the GSEs remained solvent.”

The court said Congress encased the regulator in layers of insulation, which limits the president’s power to remove and replace the FHFA director...

Most of the ads we see tend to come from nonbanks such as Quicken, loanDepot and CashCall…

Capital Alpha said its choice to be the next FHFA director is Ed DeMarco, who held the job once before...