On Wednesday, the Federal Housing Finance Agency announced that Fannie Mae and Freddie Mac will allow borrowers facing financial hardship to defer up to six months of mortgage payments.
Tag: MBA Advocacy Update
MBA Advocacy Update, Mar. 27, 2023
On Thursday, the Federal Housing Finance Agency announced plans for stakeholder input as Fannie Mae and Freddie Mac work to replace the Classic FICO credit score model with the FICO 10T and the VantageScore 4.0 credit score models, and transition from requiring three credit reports (or “tri-merge”) to requiring two credit reports (or “bi-merge”) for single-family loan acquisitions.
MBA Advocacy Update, Mar. 27, 2023
On Thursday, the Federal Housing Finance Agency announced plans for stakeholder input as Fannie Mae and Freddie Mac work to replace the Classic FICO credit score model with the FICO 10T and the VantageScore 4.0 credit score models, and transition from requiring three credit reports (or “tri-merge”) to requiring two credit reports (or “bi-merge”) for single-family loan acquisitions.
MBA Advocacy Update Monday Mar. 20, 2023
On Wednesday, the Federal Housing Finance Agency announced a 90-day delay in the effective date of the new Loan Level Price Adjustments for certain borrowers with debt-to-income ratios above 40 percent. The new effective date will be for deliveries on or after August 1.
MBA Advocacy Update Monday Mar. 20, 2023
On Wednesday, the Federal Housing Finance Agency announced a 90-day delay in the effective date of the new Loan Level Price Adjustments for certain borrowers with debt-to-income ratios above 40 percent. The new effective date will be for deliveries on or after August 1.
MBA Advocacy Update Monday Mar. 13, 2023
On Wednesday, HUD announced a final rule increasing the maximum allowable term for Federal Housing Administration-insured loan modifications from 360 months to 480 months.
MBA Advocacy Update Monday Mar. 13, 2023
On Wednesday, HUD announced a final rule increasing the maximum allowable term for Federal Housing Administration-insured loan modifications from 360 months to 480 months.
MBA Advocacy Update, Mar. 6, 2023
The Supreme Court said it would consider the Consumer Financial Protection Bureau’s appeal of the Fifth Circuit Court of Appeals decision in CFSA v. CFPB – in connection to its Payday Lending Rule – over the constitutionality of the Bureau’s funding mechanism.
MBA Advocacy Update, Mar. 6, 2023
The Supreme Court said it would consider the Consumer Financial Protection Bureau’s appeal of the Fifth Circuit Court of Appeals decision in CFSA v. CFPB – in connection to its Payday Lending Rule – over the constitutionality of the Bureau’s funding mechanism.
MBA Advocacy Update Feb. 27 2023
On Tuesday, HUD announced a 30-basis-point reduction to the annual Mortgage Insurance Premium for Federal Housing Administration-insured loans. The action addresses a top MBA advocacy priority since 2021.