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Freddie Tightens Cash-Out Refi Policy

January 6, 2023
Dennis Hollier
Higher upfront fees and new seasoning rules on cash-out refinances make it harder for homeowners to use the equity in their homes.
Read More

GSEs Offer Guidance on Florida Property Insurance Debacle

December 16, 2022
Dennis Hollier
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.
Read More

Freddie Expands Definition of 'Related Person'

December 16, 2022
Dennis Hollier
The expanded definition will broaden the pool of parties that can provide funds or equity as part of a Freddie-backed mortgage transaction.
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Fannie's DU Can Now Serve Borrowers With No Credit History

December 16, 2022
Dennis Hollier
The mortgage giant will leverage consumer-permission bank-statement data to underwrite loans for borrowers with no FICO score.
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GSE Deliveries Continue to Slide in November

December 2, 2022
Dennis Hollier
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.)
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Mortgage Brokers Push for Removal of Cash-Out Fee

December 2, 2022
Dennis Hollier
Mortgage brokers argue homeowners shouldn't have to pay fees to fund governmental policy initiatives.
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GSEs Set Stage for New Conforming Loan Limits

December 2, 2022
Dennis Hollier
As of Jan. 1, Fannie Mae and Freddie Mac will for the first time be able to purchase one-unit single-family loans worth more than $1 million.
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Fannie Releases Cohort-Level Social Data

December 2, 2022
Dennis Hollier
A new Fannie chartbook provides detailed cohort-level data on the socially oriented lending backed by the enterprise.
Read More

Fannie Releases a Loan Defect Taxonomy for 2022

December 2, 2022
Dennis Hollier
A table comprised of 13 categories and dozens of subcategories itemizes all the ways a mortgage loan can go bad.
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New LLPA Rules Kick In Next Month

November 18, 2022
Dennis Hollier
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.
Read More
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