FHFA Proposes Updated Minimum Financial Eligibility Requirements for Fannie Mac/Freddie Mac Seller/Servicers
The Federal Housing Finance Agency on Friday proposed updated minimum financial eligibility requirements for Fannie Mae and Freddie Mac Seller/Servicers.
MBA, Trade Groups Ask Agencies to Delay Credit Risk Retention Rule
The Mortgage Bankers Association and three dozen other industry groups sent a letter Friday to federal agencies, asking them to delay a review of the federal Credit Risk Retention final rule until the Consumer Financial Protection Bureau finalizes its Qualified Mortgage definition.
Amid Rapid Change, MISMO Adapts
With mortgage technology changing in the blink of an eye, MISMO, the Mortgage Industry Standards Maintenance Organization, is changing as well.
CoreLogic: Serious Delinquency Rates Triple in Recent Disaster Areas
CoreLogic, Irvine, Calif., released its annual Natural Hazard Report, saying communities affected by wildfire, hurricanes, tornadoes, earthquakes and other natural disasters in 2019 will likely experience an increase in mortgage delinquency rates, taking 12 or more months before normalizing to pre-disaster rates.
Redfin Forecast: ‘The Mother of All Inventory Crunches’
Despite a strong start to the 2020 housing market, Redfin, Seattle, said a deepening shortage of homes for sale and surging homebuyer demand are set to push prices up at the fastest rate in years.
