Bill Pulte said the government-sponsored enterprises will see partnerships emerge as he eyes their money-making potential, while also upping criticism of homebuilders and the Fed chair at a housing conference Friday. In a call with attendees at the Residay 2025 conference in New York, the Federal Housing Finance Agency director pointed at the recent Trump […]
Pulte suggests new Fannie Mae, Freddie Mac business deals Read More »
The mortgage industry largely supports changes to the loan-level price adjustment (LLPA) matrix but remains divided on priorities, with a full overhaul unlikely amid a potential stock offering of Fannie Mae and Freddie Mac. Two weeks ago, Federal Housing Finance Agency (FHFA) Director Bill Pulte said he had tasked Barry Habib — the MBS Highway
Mortgage industry backs LLPA changes but is divided over priorities Read More »
The Mortgage Bankers Association largely supports the Federal Housing Finance Agency reduction of certain low-income single-family finance goals for the government-sponsored enterprises. But the one goal that was not changed in the proposal from the agency called U.S. Housing Finance by its director, the single-family low-income refinance goal, might not be attainable due to market
Fannie Mae, Freddie Mac housing goals need revisions: MBA Read More »
Aivre has launched a new artificial intelligence (AI)-driven appraisal platform, becoming the first in the U.S. to complete the Uniform Appraisal Dataset (UAD) 3.6 verification process with Fannie Mae and Freddie Mac. UAD 3.6 calls for electronic submission of appraisals to align with the Mortgage Industry Standards Maintenance Organization (MISMO)’s version 3.6 reference model for
Aivre launches UAD 3.6 compliant appraisal platform Read More »
Mortgage industry experts are divided over the idea of allowing Fannie Mae and Freddie Mac to increase their purchases of mortgage-backed securities (MBS) in order to reduce mortgage rates, a proposal recently suggested by trade groups. While the government-sponsored enterprises (GSEs) could create demand quickly amid a reduction in the Federal Reserve’s presence in the
Debate heats up around GSEs’ potentially larger role as MBS buyers Read More »
For Keith Robinson, co-CEO of NextHome, the surge of federal attention on the housing shortage is a positive first step — but one that must be tempered by patience and practicality. “I’m ecstatic that it’s a conversation now, because that’s the first step,” Robinson said. “It’s gone from no one talking about it to it’s
Real estate leaders praise federal housing action, stress first-time buyer help Read More »
Dr. Cheryl Travis-Johnson, the executive vice president and chief operating officer of VRM Mortgage Services, died last week, according to the company. Travis-Johnson, an industry veteran with over 30 years of service, joined VRM in 2008 and helped to position the company as a “trusted and innovative partner” in delivering mortgage services. VRM’s press release
VRM executive Cheryl Travis-Johnson has died Read More »
Freddie Mac, like larger counterpart Fannie Mae, reported another profitable quarter that could fuel more interest in a potential new public offering for some of their shares. The government-sponsored enterprise earned $2.8 billion in net income during the quarter, compared to $2.39 billion the previous fiscal period and $3.11 billion a year earlier. The pattern in
Credit provision shifts drive Freddie Mac’s earnings Read More »
As new American Land Title Association (ALTA) President David Townsend steps into his role, he’s wasting no time setting an agenda that includes expanded housing access and a halt to right-to-list agreements — also known as non-title recorded agreements for personal service (NTRAPS). Townsend said these initiatives, along with efforts to improve affordability, streamline permitting
ALTA’s David Townsend on housing affordability and title insurance regulations Read More »
Trade groups representing community banks and home lenders are urging the Trump administration to allow Fannie Mae and Freddie Mac to purchase mortgage-backed securities (MBS) to help bring down mortgage rates. The idea relies on amending the Preferred Stock Purchase Agreements (PSPA) to enable the GSEs to purchase up to $300 billion of their own
Trade groups push plan to let GSEs buy MBS to ease mortgage rates Read More »