Uncertainty caused by regulations and the complexity of calculating income and debt make DTI a poor metric to use in pricing a loan without the risk of lenders having to eat a new fee.

NCLC attorneys claim the bulk sale of seasoned loans allows buyers to circumvent the GSEs’ loss-mitigation programs. That adds up to more borrowers unable to stay in their home.

Despite FHFA’s decision to require that lenders provide both a VantageScore 4.0 and a FICO 10T credit score, it may be years before the market can implement the new scores.

Because the ERCF dictates that Fannie and Freddie base their underwriting on FICO scores, loans to borrowers with positive rent payment history are still subject to capital charges for less creditworthy homebuyers.

Only two major mortgage lenders — PennyMac and CitiMortgage — managed to deliver more loans to Fannie Mae and Freddie Mac in the fourth quarter than in the third. (Includes two data charts.)

Higher upfront fees and new seasoning rules on cash-out refinances make it harder for homeowners to use the equity in their homes.

The state of Florida is setting up a reinsurance fund to stabilize a property insurance system plagued with disaster-related insolvencies and years of underwriting losses.

The expanded definition will broaden the pool of parties that can provide funds or equity as part of a Freddie-backed mortgage transaction.

The mortgage giant will leverage consumer-permission bank-statement data to underwrite loans for borrowers with no FICO score.

Fannie and Freddie combined to issue just $48.42 billion of single-family MBS in November, a 19.5% decrease from October. Year to date, volume was down 54.1%. (Includes two data charts.)