Lenders with high adoption rates for tools from Freddie Mac like automated collateral estimator and asset and income modeler have significantly lower per-loan costs and higher per-loan profits, the GSE says.
Federal Reserve Ends Balance Sheet ReductionAfter 42 straight months of allowing its security holdings to run off, the Federal Reserve finally said “enough.” The central bank’s current balance sheet: $6.134 trillion.
The MBA continues to argue that the credit scores provided by Equifax, Experian and TransUnion are now so similar that lenders shouldn’t be required to pull all three. Credit bureaus disagree.
“We believe that if Treasury decides it wants to forgive the [senior preferred shares], then this plan appears reasonable,” said Keefe, Bruyette & Woods analyst Bose George.
Bill Ackman’s plan calls for Treasury to forgive its senior preferred shares, a strategy that some industry observers say would be politically risky for President Trump.
Homebuilders prefer interest rate buydowns over pricing incentives, not only because they’re cheaper, but also because if they lower the price on one home, other buyers will expect the same.
The benefits the FHLBank system provides to the financial sector look to outweigh the roughly $6.9 billion federal subsidy they receive via an implicit government guarantee.
Outstanding advances for the FHLBank system fell to $693.48 billion in the third quarter from $742.85 billion in the second. Still, the 11 FHLBanks’ combined profits were up almost 10%. (Includes three data tables.)