A nonprofit specializing in housing for the homeless, aged, and persons with mental disabilities wins the auction on 16 nonperforming loans in Miami.

Prefunding reviews allow the lender to identify defects while the loan is being manufactured, potentially avoiding costly repurchases.

If FHFA allows the GSEs to accept multiple credit scores, economists worry similar scores won’t indicate the same level of credit risk.

FHFA must monitor model risk, people risk and resiliency risk at regulated entities, in particular at Fannie Mae and Freddie Mac.

The disclosures are planned to begin in December.

Freddie is working to move servicers to the new Resolve system while Fannie set new standards for use of mortgage assistance funds.

Amid declining volumes, the largest and smallest lenders who sell to the GSEs lost market share while large and mid-sized lenders got a bigger piece of the pie. (Includes two data charts.)

Currently head of Enterprise Community Partners, Priscilla Almodovar will become the first Latina to head either of the government-sponsored enterprises.

FHFA may have dealt with last year’s controversy over executive compensation at Fannie Mae, but it still has a long way to go to fix its in-house issues with executive compensation reviews.

The changes to the selling guide will impact asset verification, Social Security income verification and the choice of credit scores when there are multiple borrowers.