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Home » Topics » Inside The GSEs » Lender/Issuer/Servicer News

Lender/Issuer/Servicer News
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GSEs Delay Fee Disclosure Requirements on UCD

September 15, 2023
Dennis Hollier
High failure rates for lenders trying to implement new edits to certain fee disclosure requirements in Phase 3B of the Uniform Closing Database persuaded Fannie and Freddie to postpone those changes.
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GSEs Update Lenders on Equifax Coding Error

July 1, 2022
Dennis Hollier
The impact of the Equifax credit score snafu appears to be minimal, limiting the headache for lenders.
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Equifax Reports Credit Score SNAFU

June 3, 2022
Dennis Hollier
Coding errors may require new underwriting for loans that relied on data originating with the massive credit score reporting firm.
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FHFA Has Plenty to Ponder on Eligibility Proposal

May 6, 2022
Dennis Hollier
Industry groups take sides in debate over FHFA’s treatment of nonbank servicers.
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FHFA Directs the Use of SCIFs for New Loans

May 6, 2022
Dennis Hollier
The GSEs’ regulator renews efforts to collect preferred language information from borrowers.
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Freddie Warns of Russian Malware Following Ukraine Invasion

March 25, 2022
Dennis Hollier
Following a joint warning from the FBI and the CISA, Freddie Mac reminded its seller/servicers about their role in preventing cyberattacks.
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FHFA Reproposes Eligibility Standards for GSE Seller/Servicers

February 25, 2022
Dennis Hollier
The new requirements would distinguish between large and small servicers and whether that servicing covers GSE loans or Ginnie Mae loans.
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Freddie Mac Thumbs Its Nose at Cryptocurrency

December 10, 2021
Dennis Hollier
Bitcoin and its competitors remain unwanted in the U.S. mortgage market.
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Adverse Market Fee to Stay Until December (at Least)

April 16, 2021
Dennis Hollier
FHFA says it has not “extended” the fee because it never announced an end date. Nevertheless, it will review the financial situation in October.
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Fannie Introduces New Features to its Desktop Underwriter Program

February 19, 2021
Dennis Hollier
The new version of Fannie’s DU program will penalize student debt and income from auxiliary units but reduce the sting of self-employed income.
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