Loan Product Advisor, Freddie’s automated underwriting system, will soon be able to identify rent payments from the bank accounts of homebuyers who opt-in to the program.
The Federal Housing Finance Agency’s auditor concluded that the agency complied with an executive order making climate-related risk a priority for financial regulators.
The new 50-basis-point upfront fee is intended to offset the cost of capital each enterprise is required to hold for guaranteeing the collateral of its competitor.