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GSE Servicing Guide Updates Include Loan Mod Changes

October 21, 2022
Brandon Ivey
Freddie is working to move servicers to the new Resolve system while Fannie set new standards for use of mortgage assistance funds.
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Sales to Fannie and Freddie Continue Freefall in Third Quarter

October 7, 2022
Dennis Hollier
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.)
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Fannie Names New CEO

October 7, 2022
Dennis Hollier
Currently head of Enterprise Community Partners, Priscilla Almodovar will become the first Latina to head either of the government-sponsored enterprises.
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OIG Prods FHFA on GSE Executive Compensation

October 7, 2022
Dennis Hollier
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.
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Fannie Updates Document-Retention Requirements

October 7, 2022
Dennis Hollier
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.
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GSE Net Worth Sweep Litigation Picks Up Speed

October 7, 2022
Dennis Hollier
Collins, Fairholme and Rop — all cases where shareholders seek to reverse the net worth sweep of GSE profits — may soon end up in front of juries.
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FHFA Proposes DTS Change for ‘High-Needs’ Rural Areas

October 7, 2022
Dennis Hollier
The regulator proposed a more standard, nationwide definition of “colonia” to make it easier for the enterprises and lenders to identify communities where their activities are eligible for credit under DTS.
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Fannie Taps Nonprofit Chief, Ex-JPM MGD as New CEO

September 30, 2022
Dennis Hollier
A 30-year industry veteran, she brings a blue chip resume to the job.
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Fannie Fee on Broker Originations Faces Pushback

September 23, 2022
Dennis Hollier
Industry groups say Fannie’s 15-bp fee on broker-originated loans flies in the face of the level playing field for the mortgage business.
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MISMO Updates Include GSE Uniform Initiatives

September 23, 2022
Dennis Hollier
Progress has been made on modernization and simplification of the various sections of MISMO’s uniform mortgage data program.
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