With the cost of credit reports rising, many lenders have begun increasing their use of cheaper soft pulls for borderline borrowers. However, lenders say credit bureaus are raising the price for those as well.
Condo Project Advisor enhancements will allow lenders to determine whether a loan for a unit in a project is eligible for acquisition by Freddie within minutes.
Players in the commercial MBS market now have a better understanding about which assets are performing and which aren’t, according to Lisa Pendergast, executive director of the Commercial Real Estate Finance Council.
After a strong run-up in earnings spanning more than a year, the Federal Home Loan Banks posted a modest decline in quarterly income in the third quarter. (Includes three data tables.)