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FHFA Stressing Flexibility With GSE Credit Score Change

September 20, 2023
Brandon Ivey
"It’s really difficult to predict with certainty and detail what exactly is going to happen in the third quarter of 2026," said Leda Bloomfield, branch chief for policy and equity at the FHFA.
Read More

Brokers Gain Share in Conventional-Conforming Market

September 19, 2023
Namrata Bhatia
United Wholesale Mortgage, the dominant conventional-conforming player in the broker channel, increased its production by 32.9% from the first to the second quarter.
Read More

Short Takes: The M&A Gauntlet / Guild a Buyer? / A Government Shutdown. Ramifications? / Flood Insurance? / Loan Auctions

September 18, 2023
Paul Muolo
A government shutdown? That means no federal flood insurance...
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Shift to Bi-Merge Score Model Might Not Be Dramatic

September 13, 2023
Dennis Hollier
Kroll Bond Rating Agency looked at about 220,000 loans to more than 300,000 borrowers to assess the impact of going from tri-merge credit scoring to bi-merge.
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FHFA Extends Timeline for GSE Credit Scoring Change

September 12, 2023
Brandon Ivey
The shift from a tri-merge credit report process to a bi-merge standard will take longer than initially planned.
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Freddie CEO Michael DeVito to Retire

September 8, 2023
Dennis Hollier
Michael Devito's departure means Freddie will be conducting its third CEO search in four years.
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Lenders Advised to Take Steps to Avoid Buyback Requests

September 8, 2023
Sam Manas
“You’re going to tell them to pound sand? Well, they’re going to say, ‘Okay, well we’re going to suspend the agreement, we’re not going to take any more loans from you,’” said James Brody, a senior litigation partner at the law firm of Garris Horn.
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Short Takes: GSE Conservatorship Hits 15 Years / UWM Expands Credit Report Services / Affordability Constrained

September 7, 2023
Brandon Ivey
Investors in GSE stock are still pushing for Fannie and Freddie to exit conservatorship...
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Some Nuance in GSE Activity State-by-State

September 6, 2023
Dennis Hollier
Rocket Mortgage was the top GSE seller in the direct channels in 23 states in the first six months of 2023. United Wholesale Mortgage was the leader in 12 states.
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Ishbia: FHFA Will Have to Get Involved on GSE Buybacks

September 6, 2023
Brandon Ivey
“FHFA is going to have to step in again, because it’s becoming a big issue,” said Mat Ishbia, president and CEO of United Wholesale Mortgage.
Read More
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