Veros Real Estate Solutions, a Santa Ana, California-based technology provider, announced Wednesday a new solution that satisfies the GSEs’ Uniform Closing Dataset requirements, which go into effect next week. “We are pleased to announce our new VeroDATAFI for lenders to be able to comply with the new UCD requirements and address the system and process challenges that September 25th will bring,” said Charles Rumfola, SVP of Strategic Initiatives at Veros. Veros already has a strong relationship with the GSEs. In fact, Rumfola said, “Veros played an integral part in successfully implementing the Uniform Collateral Data Portal (UCDP) for the GSEs, and we are looking to build on that success for UCD.”
Read More »Fannie Mae’s Economic Update
Fannie Mae’s Economic and Strategic Research Group (ESR) released its September 2017 Economic and Housing Outlook, which includes monthly updates on economic development, economic forecast, multifamily market commentary, and housing forecast. This month, the economic developments report revealed an improved ...
Read More »Mnuchin: GSE Reform On Hold
Secretary of the Treasury Steve Mnuchin said he doesn’t think reform of the government sponsored enterprises will happen until 2018, despite bipartisan advice.
Read More »Fannie Mae Sells Over 10,000 Loans: UPB $2.5 Billion
Fannie Mae disclosed the result of its fourth reperforming loan sale recently. The deal was originally announced back on August 10, 2017, and included 10,700 loans totaling and unpaid principle balance of $2.43 billion.
Read More »Freddie Mac Updates Servicing Guidelines
Freddie Mac released a join bulletin with Fannie Mae Wednesday that updates its guidelines for standard servicing policies, which are unrelated to its special initiatives to aid those affected by the hurricanes that have ravaged the continental United States.
Read More »Housing Market Remains Strong: Great Time to Sell
Fannie Mae released its August 2017 National Housing Survey on Tuesday, which showed that overall confidence on the housing market is on the rise despite a decrease in job confidence and wage growth.
Read More »Construction Job Openings On the Rise
Job openings—and construction jobs, in particular—are up, and so are hires. So why did one expert call today's job report a "disappointment?"
Read More »Predicting Economic Growth
Despite an uncertain political climate and lower-than-projected growth the first half of the year, the U.S. economy is still poised for strong growth by the close of 2017. Find out just how much growth in Fannie Mae’s latest report.
Read More »Consumer Woes
Fannie Mae released its July Home Purchase Sentiment Index, giving a pretty clear picture of the public’s feelings and concerns on certain markets. Click here to see where the people stand.
Read More »DataVerify Now Offers Automated Processes To Submit Tax Transcript Information
DataVerify recently announced that they now offer an automated process that populates required data elements for submission of 4506-T IRS tax transcript information to the Fannie Mae Day 1 Certainty data validation service through the Ellie Mae’s Encompass all-in-one mortgage management solution and Total Quality Loan program
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