The real estate investment management firm has tapped the former Fannie official in charge of developing Desktop Underwriter to handle technology practice.
The Fannie/Freddie regulator indicated it will review the impact of the ERCF on the UMBS market, but for now won’t delay implementation of the new fee.
Loan Product Advisor, Freddie’s automated underwriting system, will soon be able to identify rent payments from the bank accounts of homebuyers who opt-in to the program.
The Ocwen subsidiary will purchase MSRs through the FHLBank of Indianapolis’ mortgage purchase program. PHH will also offer subservicing to banks and nonbank lenders that are members of the bank.
The Federal Housing Finance Agency’s auditor concluded that the agency complied with an executive order making climate-related risk a priority for financial regulators.
Almost exactly a year after taking the helm as acting director, Thompson begins a five-year term as head of the Federal Housing Finance Agency. She is the first woman to hold the job.
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