Loan-level price adjustments for low-income and first-time borrowers and for loans that meet duty-to-serve requirements will be a thing of the past on Dec. 2.

By some estimates, the enterprises will have to increase guarantee fees by about 3 basis points to offset the lost revenue from FHFA's targeted elimination of LLPAs.

Prefunding reviews allow the lender to identify defects while the loan is being manufactured, potentially avoiding costly repurchases.

Automated payroll deposits and timely payment of utilities and cell phone bills are about to enter the mortgage underwriting process.

If FHFA allows the GSEs to accept multiple credit scores, economists worry similar scores won’t indicate the same level of credit risk.

Amid declining volumes, the largest and smallest lenders who sell to the GSEs lost market share while large and mid-sized lenders got a bigger piece of the pie. (Includes two data charts.)

The changes to the selling guide will impact asset verification, Social Security income verification and the choice of credit scores when there are multiple borrowers.

A new service in Condo Project Advisor lets sellers quickly determine if a condominium project meets the tough post-Surfside purchase eligibility requirements.

Industry groups say Fannie’s 15-bp fee on broker-originated loans flies in the face of the level playing field for the mortgage business.

Progress has been made on modernization and simplification of the various sections of MISMO’s uniform mortgage data program.