Freddie Mac veteran Bob Ryan starts this Monday as the Federal Housing Administration's first senior risk officer ever. Mr. Ryan has worked at Freddie for nearly 26 years and most recently served as vice president of portfolio management and pricing in Freddie's single family credit guarantee division. FHA commissioner David Stevens pledged to install an experienced risk manager to review all FHA programs. "FHA will never be able to fulfill its mission long term or short term if it is under scrutiny for not being well managed from a risk management standpoint," Mr. Stevens said.
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Non-qualified mortgages account for 23.1% of the series 2026-7 pool, by balance, and 43.4% of the loans in the pool were made to investors for business purposes and are exempt from the Ability-to-Repay rules.
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Besides promoting Sridhar Sharma to CEO from president, the company named Andrew Bon Salle, ex-Fannie exec, as its new chairman, both replacing Chris Marshall.
September 23 -
Several proposed updates, including lower risk-weight floors for certain securitizations and corporate loans, could make it more attractive for banks to finance or hold certain private credit-related assets, experts say.
September 23 -
Federal Reserve Gov. Michael Barr appears to be among the majority of monetary policymakers who foresee at least one more rate hike before the end of the year.
September 23 -
Attom expanded its artificial intelligence platform, eLend partnered with Ready4Remodel to increase renovation financing and Keller Williams teamed up with Rejig.ai.
September 23 -
Several lawsuits filed this year have painted the shared appreciation agreements as misleading, and suggest they should be treated as mortgage loans.
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