Ted Tozer, former President of Ginnie Mae, has issued a paper via The Urban Institute detailing how Ginnie Mae could be utilized to support the nation’s housing system through the financing of independent mortgage banks. Click through to read Tozer’s entire proposal.
Read More »Senators Call on FHFA to Abandon Bi-Merge Credit Proposal
In a letter to the FHFA, a coalition of eight U.S. Senators are asking the Agency to implement reforms to credit scoring models that could impact access to creditworthy borrowers. Click through to read arguments from both sides of the issue.
Read More »Freddie Mac Sells $19.1 Million in Non-Performing Loans
In an effort to reduce the size of its retained mortgage portfolio, Freddie Mac has sold 88 non-performing residential first-lien loans as part of the GSE’s Extended Timeline Pool Offering.
Read More »Housing Inventory Gets Largest Month-Over-Month Boost in More Than a Year
A new RE/MAX report spotlights which metros are seeing the most significant increases. Click through to read the full report and learn what other “seasonal trends” are in play.
Read More »HUD Expands the ConnectHomeUSA Program
The Department is bolstering its program to promote digital inclusion for American families, which builds on its ongoing work with the FCC to ensure all HUD-assisted families enroll in the Affordable Connectivity Program. Read on to find out why HUD is, for the first time since 2020, accepting new communities into the initiative.
Read More »Save the Date for Complimentary Webinar: Evolution of the eNote
An upcoming Five Star Institute webinar will explore how United Wholesale Mortgage works in conjunction with DocMagic to employ a digital lending process including eNotes for a modern, efficient, and secure way to process and manage mortgage loans.
Read More »Bipartisan Legislation Aims to Support Veteran Homebuyers
The newly introduced VA Home Loan Awareness Act of 2023 is designed to “make the dream of homeownership a reality for more military families.” Click through to learn what changes this Act would implement.
Read More »The Growing Concern of Occupancy Fraud
A recent podcast examined mortgage fraud, with a particular focus on the proliferation of occupancy fraud, which has significantly increased in recent years. Here’s what the podcast reveals.
Read More »Fay Financial Adds Cari Gordon as Chief Audit Officer
With nearly 30 years in the industry, including time spent at both Fannie Mae and Freddie Mac, Cari Gordon joins Fay Financial to oversee the company’s integrated, risk-based audit plan.
Read More »Biden Administration Invests in Climate Resilience Upgrades for Low-Income Households
HUD Secretary Marcia L. Fudge said, “The Green and Resilient Retrofit Program continues to improve our nation’s climate resilience by making sure low-income families and individuals have access to affordable housing that is strong, healthy, and energy efficient.” Click through to learn more.
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