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However, a tiered pricing system will limit an inflation-driven increase to under 10% for a small group of originators.
November 28 -
The gain of 3 percentage points in 2022 reinforced industry calls for the agency's mortgage insurance premium to be slashed when the current fiscal year federal budgeting process is completed.
November 15 -
Choices of which homes are used for comparisons play a major role in disparate home valuations for Black and white homeowners, according to studies recently released by the National Community Reinvestment Coalition and academic researchers.
November 11 -
Loan officers say that the platform discourages them from originating loans.
October 14 -
The move builds on the government-sponsored enterprise’s previous program that facilitated the collection of more rent payment records from tenants who work with its multifamily borrowers.
June 29 -
In the agreement, the bank denied allegations that it refused to issue a mortgage until one of the applicants returned to work from maternity leave.
April 19 -
Fannie Mae should be applauded for allowing lenders to take rent payments into account when underwriting home loans. But lenders will need to embrace other credit scoring models if they hope to turn more renters into buyers.
August 18Consumer Data Industry Association -
The expanded credit access in its automated mortgage decisioning goes into effect in mid September.
August 11 -
The new calculation of borrowers’ monthly obligations will allow for a higher debt load from tuition, potentially opening eligibility to more Black applicants, according to public officials.
June 18 -
The White House directive may lead regulators to develop new mortgage underwriting standards, stress-test requirements and flood insurance policy, observers said.
May 21