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CBO report pegs $6.9B government subsidy to Federal Home Loan banks -
White House pushes for bipartisanship in housing goals -
Title pilot will turn the GSEs into insurers, ALTA says -
CFPB's mortgage 'junk fee' blog draws ire and praise -
U.S. presidential vote will be influenced by home affordability for many
Michael Lucas is a principal in the consulting group at
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The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
March 27 -
The lender accused its former leader of compromising its Fannie Mae seller/servicer number to prevent it from delivering loans.
March 27 -
Equity is entitled to a little over $70,000 worth of damages.
March 27 -
Audited financials, proof of fidelity bonds and errors and omissions insurance must be provided on Ginnie Mae Central after May 13.
March 27 -
Deferrals are up but still haven't outpaced loan modifications in conservatorship-era foreclosure prevention, according to the Federal Housing Finance Agency.
March 27
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Despite pressure from the Consumer Financial Protection Bureau, the embattled Appraisal Foundation tapped its longtime second-in-command to be its next president.
March 26 -
At the height of the Canadian boom, banks handed out 40% more home loans than pre-pandemic. Half were variable-interest rate mortgages subject to certain risks.
March 26 -
But home prices declined from December, both the Federal Housing Finance Agency and S&P CoreLogic Case-Shiller found, a possible precursor to a cooling market.
March 26 -
As part of the settlement, Loandepot will beef up its appraisal policies and practices, it announced.
March 26 -
The top five subservicers that are depositories had a combined unpaid principal balance of more than $1.8 trillion at the end of Q4 2023.
March 26