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.Read More
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.Read More
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.Read More
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.Read More
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.Read More
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.Read More
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.Read More
Freddie Mac Thumbs Its Nose at Cryptocurrency December 10, 2021 Dennis Hollier Bitcoin and its competitors remain unwanted in the U.S. mortgage market.Read More
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.Read More
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.Read More