Appraisers frequently use free-form text fields in their valuation reports to describe neighborhoods in ways that appear to violate fair lending regulations.
While Fannie and Freddie look to be reclaiming lost investor-property loan business, seller execution tactics haven’t changed much in recent months. Volume fell 14% from October. (Includes two data charts.)
Critics argue that the mechanical method for determining the loan limits distorts the market and makes it harder for the GSEs to meet their affordable housing goals.
Plaintiffs in Collins v. Yellen promptly informed the Fifth Circuit Court of Appeals of the former president’s recent letter to Sen. Rand Paul, R-KY, possibly forestalling a decision by the court.
Sandra Thompson, the acting FHFA director, said Fannie and Freddie have responsibilities beyond the narrow affordable housing goals to ensure access to credit for borrowers in all parts of the country.