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FHFA considers fee cuts, Senate confirms Rohit Chopra as CFPB chief, plus more of the week's news

National Mortgage
Mortgage Finance
4 years ago

Also, forbearances fall below 3%, Incenter offers Ginnie Mae MSRs and Democrats introduce a 20-year mortgage option.,.. Read More;

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FHA tightens certain eligibility criteria for mortgage lenders

National Mortgage
Mortgage Finance
4 years ago

The Federal Housing Administration has added to its list of “unacceptable assets,” items which can’t be included in calculations used,.. Read More;

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Forbearances down nearly 200K in a month as huge drop-off approaches

National Mortgage
Mortgage Finance
4 years ago

Although over 1.5 million forborne borrowers remain, a fifth could exit their plans by next week, according to Black Knight.Loans,.. Read More;

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UWM, PennyMac raise Fannie/Freddie limits ahead of schedule

National Mortgage
Mortgage Finance
4 years ago

Third party mortgage originators United Wholesale Mortgage and PennyMac are jumping the gun and raising their conforming loan limit ahead,.. Read More;

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Flood insurance costs set to rise as FEMAs new rates kick in

National Mortgage
Mortgage Finance
4 years ago

The federal government Friday rolls out a flood-insurance program revamped to reflect worsening climate change, a program that will raise,.. Read More;

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Senate confirms Chopra as CFPB chief in party-line vote

National Mortgage
Mortgage Finance
4 years ago

Rohit Chopra was confirmed by the Senate to serve as director of the Consumer Financial Protection Bureau, returning a consumer,.. Read More;

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Housing inventory reaches 2021 peak in September

National Mortgage
Mortgage Finance
4 years ago

The supply of for-sale homes hit its highest point of the year in September but still follows the long road,.. Read More;

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FHFA weighs cutting price-adjustment fees on Fannie and Freddie loans

National Mortgage
Mortgage Finance
4 years ago

The Federal Housing Finance Agency is considering reducing risk-based fees on loans backed by Fannie Mae and Freddie Mac that,.. Read More;

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Private-label securities poised to set post-crisis record

National Mortgage
Mortgage Finance
4 years ago

This year could be the biggest for non-agency residential mortgage-backed securitization since the Great Recession’s housing crash shut that market,.. Read More;

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Incenter taking bids on $6B in Ginnie Mae servicing with EBO component

National Mortgage
Mortgage Finance
4 years ago

Incenter Mortgage Advisors is offering a $6.1 billion portfolio of mortgage servicing rights from securitizations insured by government agency Ginnie,.. Read More;

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CalHFA issuing grants to help homeowners build accessory dwellings

National Mortgage
Mortgage Finance
4 years ago

The California Housing Finance Agency is providing low- and moderate-income homeowners with grants of up to $25,000 for the construction,.. Read More;

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Mortgage rates jump above 3% for first time since June

National Mortgage
Mortgage Finance
4 years ago

Mortgage rates moved noticeably upward in the past week, as Treasury yields climbed following the Federal Reserve’s taper announcement.The 30-year,.. Read More;

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