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The move cancels the fee Fannie Mae and Freddie Mac would have imposed on certain loans for which the borrower's total debt exceeded 40%.
May 10 -
Her statement calls out "a fundamental misunderstanding about the fees" following concerns expressed by two congressmen and others about their impacts.
April 26 -
Looking past the recent U.S. banking turmoil, Sumitomo Mitsui Financial Group aims to accelerate its North American expansion plans.
April 3 -
The agency, which oversees government-related investors that set underwriting parameters in the U.S. mortgage market, estimates the process will begin in 2024.
March 23 -
Institutions can borrow against par-valued securities that they would otherwise have to sell at a loss when there's a run on deposits, and it could have effectiveness beyond its actual usage.
March 19 -
The new fees based on the DTI, which lenders have said is too likely to vary throughout the origination process for a single loan, will now go into effect in August.
March 15 -
Octaura, an electronic portal backed by seven global banks, completed its first syndicated loan trades earlier this month.
February 21 -
The breaks for some lower-income borrowers are welcomed, but the use of debt-to-income as a differentiator could complicate originations at a challenging time, lenders say.
January 24 -
Updates will become effective on May 1 and a uniform mortgage-backed securities fee reduction will begin on April 1.
January 19 -
The final rule also orders the government-sponsored enterprises to give advance notice of new activities to determine if they are subject to these procedures.
December 20