Fannie Mae, Washington, D.C., said to remain competitive, lenders are streamlining business processes, improving the consumer experience and investing in human capital.
Category: News and Trends
Fitch: New GSE Refi Programs ‘Modest Plus’ for U.S. Credit Risk Transfers
New refinance programs announced by Fannie Mae and Freddie Mac should provide incremental support in the event of future home price declines, said Fitch Ratings, New York.
MBA Chart of the Week: Loans in Foreclosure and New Foreclosures Started
The Mortgage Bankers Association’s most recent National Delinquency Survey results show continuing resolution of distressed loans and fewer foreclosure starts have helped to reduce the number of loans in the foreclosure process to its lowest level since first quarter 2007.
MBA, Trade Groups Ask FHFA to Expand Credit Models
The Mortgage Bankers Association and more than a dozen trade associations asked the Federal Housing Finance Agency to expand use of alternative credit scoring models at Fannie Mae and Freddie Mac.
Single Women Build Less Home Equity Over Time Than Single Men
You’ve heard of the gender gap in pay? According to Redfin, Seattle, the gap occurs in equity building, too.
MBA Chart of the Week: Loans in Foreclosure and New Foreclosures Started
The Mortgage Bankers Association’s most recent National Delinquency Survey results show continuing resolution of distressed loans and fewer foreclosure starts have helped to reduce the number of loans in the foreclosure process to its lowest level since first quarter 2007.
MBA Chart of the Week: Loans in Foreclosure and New Foreclosures Started
The Mortgage Bankers Association’s most recent National Delinquency Survey results show continuing resolution of distressed loans and fewer foreclosure starts have helped to reduce the number of loans in the foreclosure process to its lowest level since first quarter 2007.
Refi Percentage Increases as Rates Dip
The percentage of refinance home loans increased three points to 35 percent of all closed mortgages–reversing a two-month dip–reported Ellie Mae, Pleasanton, Calif.
Freddie Mac: Competitive Housing Market Yielding More Cash Sales
A limited supply of houses has created a highly competitive housing market–which in turn is keeping cash sales significantly above historical norms and dampening mortgage originations, reported Freddie Mac, McLean, Va.
FHFA Modifies High LTV Streamlined Refinance Program, Extends HARP Through December 2018
The Federal Housing Finance Agency, Washington, D.C. yesterday announced modifications to the streamlined refinance program for borrowers with high loan-to-value ratios.