A new option in Desktop Underwriter allows lenders to pre-qualify borrowers with a single soft pull credit file. However, a hard pull tri-merge credit report will still be required with the actual loan application.
Under the terms recommended in FHFA’s review of the Federal Home Loan Banks, 85 current members would fail to meet the 10% mortgage-related asset rule.
Andrew Davidson & Co. executive Richard Cooperstein says the regulatory capital requirements for the GSEs should be set at 1.5 times risk capital, about 1.13%.
Freddie clarifies how servicers should handle COVID-19 flex modifications for borrowers who recently became delinquent. Fannie announces a tool to compute the monthly income of self-employed borrowers.
The enterprise will offer new single-family green disclosures that will allow investors to easily identify mortgage-backed securities that consist of loans eligible for Fannie’s green bonds programs.
The Council of the Federal Home Loan Banks and the Federal Housing Finance Agency find themselves on opposite sides in a debate over the mission of the FHLBanks.