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IMFnews

March 23, 2018

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Fannie and Freddie Witness High-DTI Loan Growth in 2017

Fannie Mae adjusted its automated underwriting services last summer to make more loans with higher debt-to-income ratios eligible for approval without lenders needing to provide compensating factors. Read More

BAML Says Washington May Be Settling into Status Quo on Reform

Housing-finance reform appears to be in the process of a slow death for 2018 partly because of the pending departure of key players. Read More

HUD Needs $500M to Modernize FHA’s IT System

Housing and Urban Development Secretary Ben Carson told Congress it would cost approximately $500 million upfront to convert FHA’s archaic information technology systems to a modern technology platform. Read More

GSE Foreclosure Preventions Surpass $4M in 4Q, Hurricanes Raise Delinquencies

The Federal Housing Finance Agency reported this week that the GSEs completed 67,569 foreclosure prevention actions in the fourth quarter of 2017. Read More

Short Takes: CRTs Criticized/Existing Sales Up in South, West/Fannie Wins Green Award/Closing Time Shrinks/FHLBank Divide

Former Fannie Mae executive and critic of the government-sponsored enterprises’ credit-risk transfer programs, Tim Howard, said on his blog this week that CRTs only help “sustain what has become a very profitable program for Wall Street firms and capital market investors.” Read More

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