The GSEs’ Low-Income Refi Programs Get a Boost October 21, 2021 Dennis Hollier The Federal Housing Finance Agency expands the GSEs’ low-income refinance programs to include more moderate-income borrowers.Read More
After a Long Hiatus, Fannie Re-enters the CRT Arena October 20, 2021 Brandon Ivey CRT-specific hindrances have been jettisoned...Read More
At MBA Show, FHFA Chief Unveils Efforts to Increase the Low-Income Refi Pie October 19, 2021 Dennis Hollier Thompson also made it the FHFA will not be changing seller-servicer standards for nonbanks this year.Read More
Legal Surprises for Fannie/Freddie Shareholders October 18, 2021 Dennis Hollier But SCOTUS did throw them a bone. The justices said it was possible that shareholders suffered some “compensable" harm...Read More
FHFA Publishes 2022 Fannie/Freddie Multifamily Caps October 13, 2021 Dennis Hollier The government-sponsored enterprises will each be able to purchase $8 billion more in multifamily loans next year.Read More
Seniors’ Complaints About Mortgages Jump in 2021 October 13, 2021 Namrata Bhatia Seniors — age 62 or older — filed 1,987 mortgage gripes during the first six months of the year, up 36.1% from the same period last year...Read More
Chopra Sworn in at the CFPB. Kudos and Concerns… October 13, 2021 Brandon Ivey John Ryan, president and CEO of the Conference of State Bank supervisors, suggested that cooperation between the CFPB and state regulators will be particularly important.Read More
Lenders Urge States to Extend Work From Home Flexibilities October 12, 2021 Brandon Ivey The Mortgage Bankers Association has asked state regulators to help modernize remote work standards through legislation and/or regulations.Read More
A Quandary: What FHA Lenders Can Use to Calculate Adjusted Net Worth October 11, 2021 Monica Hogan Scott Olson, executive director of the Community Home Lenders Association, suggested FHA take a second look at the changes...Read More
Nation’s Largest HECM Lender AAG Signs CFPB Consent Order October 11, 2021 Paul Muolo AAG was the largest home equity conversion mortgage lender in the first-half of 2021, with $2.59 billion of production.Read More