Fannie Mae Rolls Out DU 10.0 Featuring ‘Trended Credit Data’ September 26, 2016 Carisa Chappell Fannie said DU 10.0 also will help borrowers who have multiple financed properties, eliminating certain eligibility overlays…Read More
Judge Orders Govt. to Produce More GSE-Related Docs, Shows Signs of Frustration September 21, 2016 Carisa Chappell Margaret Sweeny, the judge presiding over the case, is growing increasingly frustrated with the government’s attempt to keep documents out of the public domainRead More
Credit Unions Voice Concerns over GSE CSP Project. A Level Playing Field? September 19, 2016 Carisa Chappell NAFCU wants the FHFA to preserve existing Fannie and Freddie securities so they don’t become unmarketable after the launch…Read More
Short Takes: The CFPB Ready to Slam a Mortgage Lender? / Are Many MSA Agreements Left? / Ocwen a ‘Buy’? Is That Possible? / FHFA Readies Consumer Survey / Pickel Starts a New Job September 14, 2016 Carisa Chappell and Paul Muolo Ocwen gets an upgrade, but there are doubters...Read More
Investors Unite Chief Loses Argument to Inspect Freddie Mac’s Records September 6, 2016 Carisa Chappell IU’s Tim Pagliara owns roughly 346,000 shares of Freddie’s junior preferred stock, according to court documents.Read More
GSEs Introduce a New Loan Dispute Appeal Process… August 26, 2016 Carisa Chappell Fannie Mae and Freddie Mac introduced the IDR program back in February as the final piece to the representation-and-warranties framework.Read More
FHFA Readies Successor Program to HARP. Name to Follow August 25, 2016 Carisa Chappell FHFA estimates there are roughly 300,000 homeowners potentially eligible to refinance through HARP.Read More
Trade Groups with Nonbank Members Ask the CFPB: How About Us? August 24, 2016 Carisa Chappell Not only are CHLA and CMLA unhappy with the lack of representation, they want the CFPB to form a “Community Mortgage Banking Advisory Council...” Read More
Fannie Mae in Largest Manufactured Housing Deal Ever: $1 Billion August 18, 2016 Carisa Chappell Since 2000 Fannie Mae has provided more than $9.5 billion in liquidity to the manufactured housing sector.Read More
Short Takes: Underperforming LOs Should be Shown the Door / loanDepot’s Hsieh on What Investors Want / Former Goldman Trader Chin Takes it on the Chin / GSE Relief for Flooded Homes in Louisiana / New Hire for ATTOM August 17, 2016 Carisa Chappell, Brandon Ivey, and Paul Muolo Joe Garrett added: “…if you keep mediocre producers around, it sends a message that you tolerate mediocrity…”Read More