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Freddie Mac is offering an updated Home Possible Income & Property Eligibility Tool which allows lenders to determine if a borrower meets the income requirements for a low down payment mortgage on a specific property.
Read More »Airbnb May Bring Unforeseen Consequences to Borrowers
Since Airbnb’s launch in 2008, the home-sharing service has grown to currently include more than 2 million listings in 191 countries. Because of this, some home builders are developing new plans with the home-sharing industry in mind but for lenders, Airbnb may bring more trouble than anticipated.
Read More »Creativity Counts: New Approaches Help Religious Borrowers
What happens when religious practices forbid some potential homeowners from traditionally entering the housing market and keep their properties? Some lenders are taking creative approaches to help these homeowners access the market without compromising their practices.
Read More »Voters Blame Banks for Denying American Dream
A little more than half of Americans think it is too difficult to buy a home, especially for non-whites, and they don’t trust banks will help them.
Read More »GSEs Nearing Loan Modification Milestone
Fannie Mae and Freddie Mac have continued to complete foreclosure prevention actions, and are close to achieving a milestone in the number of permanent loan modifications completed since the start of the conservatorships.
Read More »FHFA to Implement Securitization Platform Software in 2016
FHFA reported that the GSEs expect to meet the GSES' goals for the implementation of the first use of the CSP software later this year and for using the CSP to issue Single Securities in 2018.
Read More »Fannie Mae Eliminates Restructured Loan Policy
According to Fannie Mae, lenders can now rely upon existing policy when determining whether a loan is eligible for delivery under a refinance transaction or as a modified mortgage loan.
Read More »Non-Profit Wins Freddie Mac Delinquent Loan Auction
The GSEs have endured some criticism for selling non-performing loans to private investors. But they are working to involve non-profits more in the loan sales.
Read More »Majority of Troubled Loans Sold by FHFA are Unresolved
The goal of the FHFA's non-performing loan sales is to help borrowers avoid foreclosure. But the Agency's report indicated that the majority of NPLs sold by the GSEs have not achieved any outcome at all.
Read More »Fannie Mae’s Mortgage Portfolio Value Tumbles
Having fallen below its 2016 cap of $339.3 billion in March, Fannie Mae’s gross mortgage portfolio contracted further in both April and May.
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