Issued in late November, the new FHFA regulatory framework mandates Tier I capital of at least 4.0% for Fannie and Freddie, a bar that some stakeholders believe is too high.
The document notes that Quicken now has a “total funding capacity” of $29.3 billion. A year ago this liquidity data point was measured at $19.1 billion...
United Wholesale Mortgage, a top-ranked government lender, will become public sometime next month. At least, that’s what the firm is planning. Meanwhile, the nonbank is being sued by a small group of loan brokers over commissions.
In either case, forbearance imposes some restrictions on property owners. And this: Happy Holidays from the staff of Inside Mortgage Finance. Be safe and be well.
The agreement comes at a curious time: Servicing prices have suffered during the pandemic but are beginning to improve. In other words, bargains may be hard to find.