The share of high-balance loans and mortgages on second homes sold to the GSEs fell significantly in April, when Fannie and Freddie raised loan-level price adjustments for these loans. (Includes three data charts.)
The Fannie/Freddie regulator indicated it will review the impact of the ERCF on the UMBS market, but for now won’t delay implementation of the new fee.
Loan Product Advisor, Freddie’s automated underwriting system, will soon be able to identify rent payments from the bank accounts of homebuyers who opt-in to the program.