"Addressing these concerns by providing tighter definitions and clarity should encourage sellers to serve a broader range of qualified borrowers," said Freddie Mac EVP David Lowman.
Fannie Mae and Freddie Mac updated their representation and warranties frameworks in a move designed to encourage mortgage lenders to ease credit restrictions by limiting repurchase requirements.

Top Stories

Giving roughly 5 million immigrants at least temporary relief from deportation could conceivably ease lenders' and borrowers' qualms about mortgages to undocumented workers who qualify with individual taxpayer identification numbers.  more »
The growing influence of nonbank companies poses a danger to the financial system, and perhaps a national security threat, BB&T's Kelly King says during a wide-ranging conversation among big-bank CEOs.  more »
Regulators are threatening more action to force improvements in the behavior of bank employees, but executives are shooting back that the task is easier said than done and that change has to come from inside and not through supervisory orders.  read more »
The once-distressed parent of First National Bank of Howell is on the road to recovery. For attorney Stanley Dickson, the comeback means more than a return on investment. It allowed him to save a bank that has been there for his family for over four generations.  read more »
FinTech Forward
Get Inside the Heads of Bank Technology Execs
Chief information officers discuss their institutions' biggest challenges, the emerging technologies that excite them the most, investment plans for 2015 and more at the FinTech Forward pavilion at the BAI Retail Delivery show.  read more »
Steven Sugarman, chief executive at Banc of California, recently completed a large branch acquisition after a public battle with an advocacy group. In a recent interview, he discussed that process as well as the bank's busy year — both the good and the bad.  read more »
Our second annual ranking of the banks that win high marks from employees for providing a positive work environment, top-notch benefits and ample career-advancement opportunities. (The perks – like free lattes and subsidized gym memberships – are nice, too.)  read more »
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