Doing Business with Fannie and Freddie in 2013: Exploring Delivery/Seller Requirements MP3 and Manual
Product Details
An Inside Mortgage Finance Webinar
Recorded April 18, 2013
Fannie Mae and Freddie Mac continue to dominate the residential mortgage market, accounting for nearly two out of every three mortgages made in 2012. At the same time, correspondent programs that helped the bigger banks feed their GSE pipelines are being cut back, in part due to regulatory compliance fears. The combination of these factors has led to an increasing number of smaller banks and nonbanks working directly with Fannie and Freddie for the first time.
Find out how this changing mortgage lending landscape is prompting Fannie Mae and Freddie Mac to review and rethink their mortgage delivery and seller requirements when you listen to this Inside Mortgage Finance webinar. Hear as Fannie and Freddie share their expectations for seller/servicers in “Doing Business with Fannie and Freddie in 2013: Exploring Delivery/Seller Requirements.”
As more mortgages are generated by smaller lenders, the GSEs may need to refine – if not overhaul – their approach to minimum net worth requirements. Fannie Mae already has announced business volume caps may be applied to new seller/servicers that have limited capital and no performance history. Meanwhile, there is growing speculation that both GSEs may look to hiking the current $2.5 million minimum net worth requirement in the not-so-distant future.
Hear from:
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Jennifer R. Whip Fannie Mae | Bill Cosgrove Mortgage Bankers Association Union National Mortgage | Chris Boyle Freddie Mac | Paul Muolo Inside Mortgage Finance |
During this 90-minute webinar, you’ll hear about:
- Net worth minimums
- Volume caps
- Quality review and performance requirements
- Underwriting standards
- Minimum application standards
- Capital ratios
- Application and review process