Below contract appraisals in majority Black census tracts are much less likely to receive time adjustments than those in majority white tracts, according to new research from FHFA.
The shifting volumes of the nation’s top servicers reflect MSR strategies in the tight mortgage markets since the Fed began raising rates. (Includes two data tables.)
Fannie Mae’s announcement of an update to its HomeReady program drew applause from the crowd at the MBA’s independent mortgage bankers conference this week.
Freddie and lender trade groups circled the wagons in opposition to many of the mortgage-related provisions in a proposed rule to change capital requirements for large banks.
A tangled web of climate risk, shady insurers, shoddy ratings services and lax insurance rules at the GSEs may snarl Fannie Mae and Freddie Mac in unexpected counterparty risk.