It’s been one of the hottest summers ever in the U.S.—in fact, according to NASA, July 2023 was the warmest month in recorded history. Likewise, the mortgage industry has started feeling heat of its own with new, more stringent Fannie Mae guidelines for QC reviews and rising GSE repurchase activity.
Tag: LoanLogics
LoanLogics’ Jenevieve Impavido: Overcoming a New Catch-22—Fannie Mae’s QC Requirements
It’s been one of the hottest summers ever in the U.S.—in fact, according to NASA, July 2023 was the warmest month in recorded history. Likewise, the mortgage industry has started feeling heat of its own with new, more stringent Fannie Mae guidelines for QC reviews and rising GSE repurchase activity.
Dave Parker: Rebounding Non-QM Market Requires Quality Review to Mitigate Risk
The non-QM market is making a recovery and, with continued demand from borrowers, changes to the current QM lending rule and the approaching expiration of the QM patch, is likely to stay on the rebound. As a new range of products come to the market, the question now becomes, how can the mortgage industry ramp up and ensure loan quality for lenders, servicers and investors?