The online application, DPA One, allows lenders to find and match up to 400 downpayment assistance programs with borrowers who need help with closing costs.
The vast amount of appraisal data released over the past year by FHFA has been a boon to researchers. However, many critics argue the regulator and the regulated entities should release all appraisal data.
A proposed new rule expanding the GSEs’ ability to purchase loans on properties with private transfer fee covenants should encourage more engagement in shared-equity programs.
Fannie hopes Spanish-language credit education and targeted downpayment assistance will help it put the still-growing cohort of Latino consumers into their first home.
The regulator’s new rating system will be used to assess supervisory remediation measures and, at least while the GSEs remain in conservatorship, determine executive compensation.
FHFA is showing that it’s willing to listen to industry feedback as the regulator works to transition the GSEs to new credit scoring processes. This week the agency delayed one aspect of the transition and noted plans to conduct listening sessions.
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.