Industry News

Fannie and Freddie Announce Financial Advisors

June 30, 2020

As the GSEs prepare to exit conservatorship, each announces its new financial advisor.

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The Government will Keep Guaranteeing Loans

June 23, 2020

Fallout from the pandemic will keep GSEs in receivership for longer than previously anticipated.

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Home Prices Continue to Accelerate

June 23, 2020

Fears of home process bottoming out through the pandemic have not come to fruition.

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Mortgage Bankers Association Praises Lenders

June 23, 2020

MBA Chief Economist Mike Fratantoni says lenders have done a fantastic job of finding solutions in the current environment.

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Senate Approves New HUD Deputy Secretary

June 16, 2020

Brian Montgomery now assumes the number-two slot at HUD.

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Appraisal Process Flexibility

June 16, 2020

Due to the effects of COVID-19, both Fannie Mae and Freddie Mac announce changes to their appraisal policies.

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Most Americans Want to Keep Working from Home

June 16, 2020

Three in four Americans currently working from home wish to keep doing so once the pandemic is over.

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Freddie Mac Releases Self-Employment Documentation Bulletin

June 9, 2020

A recent Freddie Mac bulletin outlines options for obtaining YTD profit and loss statements.

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Independent Lender Profits Up

June 9, 2020

The Mortgage Bankers Association reports that 2019 profits were up substantially over 2018.

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Virus Creates a Unique Scenario

June 2, 2020

There has never been a better time to buy, but for many it’s nearly impossible to get a loan.

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Listing Shortage to Ease?

June 2, 2020

As restrictions begin to loosen, more and more homes should hit the market.

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Refi Volume Set to Spike

June 2, 2020

While other parts of the economy slip, refinances are set to hit their highest numbers in 17 years.

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Home Sales Should Rebound

May 27, 2020

According to Realtor.com, a rebound in home sales is coming by late summer.

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Former MBA President Critical of Forbearance Program

May 20, 2020

David Stevens warns that the current forbearance program opens the door to “moral hazards.”

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Cash-Out Refinances to Rise?

May 20, 2020

As borrowers struggle to make payments, cash-out refinances could be the answer.

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Freddie Mac Issues Condominium Flexibility Bulletin

May 12, 2020

Freddie Mac is offering temporary flexibility and guidance to assist sellers during the COVID-19 pandemic.

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No Current Plans to Create a Federal Reserve Facility

May 12, 2020

Despite calls to bail out servicers, Treasury Secretary Mnuchin says it is not needed.

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Virtual Showings Soar

May 12, 2020

Real estate agents are finding new ways to show homes during the pandemic.

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What Will be Included in the Next Round of Stimulus Spending?

May 5, 2020

The President said aid to state and local governments and money for road projects and expanding broadband service would be included in the next round of stimulus.

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Uniform Residential Loan Application Timeline Extended

May 5, 2020

Due to the COVID-19 pandemic, the GSE’s have extended the timeline for URLA implementation.

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