One issue for would-be homebuyers seeking jumbo mortgages is that rates haven't come down as dramatically as they have for conforming mortgages eligible for purchase by Fannie and Freddie
Regulators and prosecutors are cracking down on landlords who've falsified income and expense data on crucial loan documents, according to a new feature published by 'The Wall Street Journal'
Modest pilot program approved by federal regulators was opposed by banks who have traditionally provided most home equity loans, but nonbank lenders have already made inroads
Freddie Mac Executive Vice President and Chief Financial Officer Christian Lown will be taking his talents to CoStar Group in July, executives announced. Lown departs Freddie Mac on June 28
Unlike subprime loans that were subjected to minimal underwriting standards in the runup to the 2007 housing crash, new 0-down loans meet criteria set by mortgage giant Freddie Mac
Mortgage rates have some room to come back down in June after PCE price index shows annual inflation easing to 2.65% in April, and Q1 2024 GDP growth revised downward to 1.3%
Nation's largest mortgage lender says brokers 'will no longer need to work with a title company or settlement agent for title work, balancing fees, scheduling closing or any related communication'
Anthony Lamacchia thinks some agents are reading too much into guidance issued by Fannie and Freddie confirming that sellers can continue to pay buyer's agents' commissions
In a pilot program announced last week, the Biden administration cleared the way for Fannie Mae and Freddie Mac to let some homeowners refinance mortgages without paying for title insurance
Fannie and Freddie's federal regulator wants lenders to synchronize adoption of bi-merge credit reporting with more inclusive FICO Score 10T and VantageScore 4.0 scoring models
More lenders can access Truv's income and employment verification services following recent integrations with Dark Matter Technologies' Empower platform, Freddie Mac and nCino
With a combined net worth of $125B after earnings this week, the mortgage giants remain on a path that could lead to eventual release from government conservatorship if political winds shift
Lenders won't be required to use the more inclusive FICO Score 10T and VantageScore 4.0 scoring models before next year, but several are already using them to expand the pool of borrowers
Fannie Mae and Freddie Mac are offering a $2,500 credit this spring that borrowers can put toward their down payment, closing costs, escrow or mortgage insurance premiums
The former FHA commissioner also held executive positions at World Savings Bank, Freddie Mac, and The Long and Foster Companies before leading the Mortgage Bankers Association