Author name: Ricky Vasquez

Multiple organizations in the mortgage industry sent a joint letter to the Federal Housing Finance Agency expressing support in President Donald Trump’s March executive order and asking Director Bill Pulte to update the appraisal process. Processing Content The consortiums requested Pulte and the agency to consider expanding the use of hybrid valuation methodologies, increasing the […]

Fannie Mae reclaimed the lead in retained portfolio growth last month, pushing to a new record after a year in which Freddie Mac had outpaced its rival.   Processing Content Fannie reported that its retained portfolio jumped to $174.84 billion in April from $168.74 billion the previous month. Freddie’s inched up to $141.81 billion from

A new Minnesota bill signed into law last week will require mortgage servicers to maintain recordings of all customer telephone interactions for five years, alongside a host of tightened rules affecting escrow and account transfers.  Processing Content Under the new law, companies servicing more than 500 residential loans in the North Star State must record