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Short Takes: FHFA to Improve Exam Practices / Better Taps Real Estate Agents / Doma Plans to Go Private / Pending Home Sales Up Slightly

March 29, 2024
Brandon Ivey
FHFA is working on internal guidance to improve its exams of nonbank mortgage companies.
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The 4Q23 Buyback Picture: a Sharp Decline at Freddie, an Increase for Fannie

March 25, 2024
John Bancroft
Most lender buybacks are linked to mortgage-backed securities issued within the past two years.
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CHLA Brings Employment-Verification Costs to Regulators

March 22, 2024
Brandon Ivey
CHLA asked FHFA and FHA to scrutinize employment-verification prices charged by Equifax.
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Fairholme GSE Lawsuit Is Over; Time for the Appeal?

March 21, 2024
Dennis Hollier
Now that Judge Lamberth has issued his memorandum and order, the litigants can prepare for the (inevitable?) appeal.
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DeMarco Critical of FHFA’s Handling of Title Pilot

March 19, 2024
Brandon Ivey
"Using third parties to circumvent this insurance feature creates uncertain financial risks for lenders and for Treasury Department’s ongoing financial support of the GSEs," said Edward DeMarco, president of the Housing Policy Council.
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Freddie Mac Taps President as Interim CEO

March 18, 2024
Dennis Hollier
If Hutchins becomes the "permanent" CEO of Freddie, the change, ironically, would result in a pay cut...
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Biden Administration in No Rush on GSE Reform

March 12, 2024
Brandon Ivey
President Biden's budget proposal for fiscal year 2025 included a brief section addressing the future of the housing finance system.
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FHFA Plans to Revise Survey of Borrowers

March 12, 2024
Dennis Hollier
FHFA said changes to the survey will help to inform its oversight of the GSEs and Federal Home Loan Banks.
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FHFA Pilot Drops Title Insurance Requirement on Some Refis

March 8, 2024
Dennis Hollier
Under FHFA's new pilot, lenders can originate some refis without obtaining title insurance.
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Fannie Offers Money-Saving Features in Desktop Underwriter

March 7, 2024
Dennis Hollier
As long as it has at least 12 months of data, a single asset verification report will now be sufficient to validate a borrower's income, employment, assets, and positive rent payment and cash flow history.
Read More
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