“FHFA has raised the conforming loan limits, as prescribed under HERA, to reflect the rise in the average U.S. home price. Over the last 18 months, housing prices have significantly increased due to record low inventory levels amidst strong demand. The higher loan limits reflect this dynamic.”
–MBA President & CEO Robert Broeksmit, CMB.
The Federal Housing Finance Agency on Monday announced the deemed-issuance ratio for the 2022 calendar year in accordance with Internal Revenue Service guidelines on trading the Uniform Mortgage-Backed Security.
The economic effects of the pandemic have placed strains on the day-to-day operations of servicers. An established relationship with a strategic outsourcing partner can streamline efficiency and productivity, resulting in improved scalability, increased cost savings and expertise at the ready.
MISMO®, the real estate finance industry standards organization, announced it is standardizing the bid-wanted in competition dataset format to facilitate accuracy, liquidity and rapid pricing for agency mortgage-backed securities transactions.
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $2,594 on each loan they originated in the third quarter, up from $2,023 per loan in the second quarter, according to the Mortgage Bankers Association’s Quarterly Mortgage Bankers Performance Report.
The Federal Housing Agency reported Fannie Mae and Freddie Mac sold nearly 131,000 non-performing loans with a total unpaid balance of $24.5 billion through June 30.
The Mortgage Bankers Association, in a Nov. 23 letter to the Federal Housing Finance Agency, offered a series of recommendations to improve a proposed regulatory capital framework rule for Fannie Mae and Freddie Mac.
“Net production profit rebounded in the third quarter of 2021 after a drop-off in the second quarter, but was down more than half from the record profit one year ago.”
–Marina Walsh, CMB, MBA Vice President of Industry Analysis.
The Consumer Financial Protection Bureau on Nov. 16 issued a Request for Information seeking input on rules implementing the Home Mortgage Disclosure Act.
The Federal Housing Finance Agency on Wednesday released its 2022 Scorecard for Fannie Mae, Freddie Mac and Common Securitization Solutions LLC.
