Dealing with the risks in Fannie Mae’s and Freddie Mac’s portfolio is more complicated than simply reducing the footprint of the government-sponsored enterprises, FHFA Director Mark Calabria told IM&A.

The CFPB received numerous comments on its plan to adjust standards for qualified mortgages. However, industry stakeholders are divided on what steps the bureau should take.

The CFPB released three policies this week to help lenders test innovative products. The bureau is also making joint efforts with at least seven state attorneys general to help improve coordination among regulators.

While several industry participants want the CFPB to choose the spread-at-origination metric to determine QM status, Redwood Trust favors using the DTI ratio.

Will the third quarter be better than the second for originators? Looks that way. Meanwhile, mortgage M&A advisor Houlihan Lokey might wind up as one of Treasury's GSE advisors.

 

Federal regulators are moving closer to allowing more residential mortgages to be originated without appraisals.

After a court case didn’t go the agency’s way, HUD has promised to follow proper procedures on downpayment assistance rulemaking.

An appeals court ruled in favor of Ocwen, finding that statements made by company officials were mere puffery that investors should not have relied on.

With the “patch” set to expire as scheduled, lenders are pushing for changes to the Appendix Q documentation requirements.

HUD has made it easier for condo projects to qualify for FHA financing. But an analyst warned the move may not produce the desired results.