FHFA Looks to Facilitate Shared Equity Loan Programs September 26, 2023 Brandon Ivey Activity by Fannie Mae and Freddie Mac involving shared equity loan programs has been limited to this point and the FHLBanks are currently prohibited from acquiring mortgages in shared equity programs.Read More
Climate Risk Weighing on Mortgage Market September 26, 2023 Monica Hogan Aretreat by the home insurance industry changes the risk environment of FHA’s mortgage insurance program.Read More
Short Takes: Home Prices Tick Up / Big Gains in Florida / Empathy Versus Cost Cutting / Private Equity Firm Buys NPLs From Freddie September 26, 2023 Brandon Ivey Home prices increased by 0.8% on a monthly basis in July.Read More
Lenders Look to Alt-Doc Mortgages September 25, 2023 James Dohnert Alt-doc products include asset depletion, asset utilization, trust income, bank statements and letters from certified public accountants.Read More
Short Takes: Delinquency Trends Could Turn / Affordability at Lowest Point in Decades / How Much is a Multifamily Business Worth? September 25, 2023 Brandon Ivey Delinquency rates may be nearing cycle lows...Read More
More Borrowers Possible With CFPB Change on Medical Debt September 22, 2023 Brandon Ivey The CFPB plans to propose a rule in 2024 that would lead to the removal of medical bills from credit reports.Read More
Bank Capital Requirement Proposal Would Squeeze Nonbanks September 22, 2023 Brandon Ivey There's an interplay between how the proposal would impact larger banks and the effects on nonbank mortgage companies.Read More
Short Takes: Boost From ‘Higher for Longer’? / Silver Lining in Slow Originations / Ginnie Officials in Asia September 22, 2023 Brandon Ivey Interest rates could stay for higher than longer than previously expected...Read More
Guaranteed Rate Touts 24/7 Service From LOs September 21, 2023 Brandon Ivey Guaranteed Rate is telling mortgage applicants that its loan officers are "always on" thanks to a new LOS app.Read More
Short Takes: Rate Hikes Paused / Better Days Ahead / Renting Cheaper Than Buying September 21, 2023 Brandon Ivey The Fed didn't touch interest rates Wednesday but suggested that another increase in rates is likely this year.Read More