The Department of Housing and Urban Development is making more data about Fannie Mae's and Freddie Mac's loan purchases available to the public, and it will give researchers a better grasp of how the government-sponsored enterprises contribute to homeownership opportunities.In releasing GSE data, HUD will start identifying which loans are "home purchase" loans by census tract and with loan-level data, such as loan-to-value ratios. "Such identification will permit the public to consider whether the GSEs are purchasing sufficient low down payment loans to serve the needs to lower-income borrowers," HUD says in the final order. "Currently, questions such as these cannot be answered by using the GSE public use database." The notice of final order, which is effective immediately, outlines how HUD decided to change the classification of certain proprietary GSE data it collects from Fannie and Freddie so that the data can be released publicly. HUD also decided that public data on the GSE purchases of multifamily loans should include whether they are seasoned or newly originated loans.
-
The RMBS notes benefit from geographic diversity and credit enhancement.
2h ago -
A Consumer Financial Protection Bureau "waives any alleged noncompliance" by the mortgage company while continuing to dole out redress to borrowers.
2h ago -
Refinance apps made up more than 40% of all mortgage applications last week, driving an uptick as consumers seek out cheaper mortgage payments.
4h ago -
The chairman and regulator of Fannie Mae and Freddie Mac pointed to Jermone Powell's recent testimony about renovations to the Federal Reserve's headquarters.
5h ago -
It's a rare theft of trade secrets complaint by the industry leader, which stayed out of the spate of litigation between competitors during the refinance boom.
5h ago -
Navy Federal Credit Union will not pay a $15 million fine or $80 million in restitution to service members who were illegally charged surprise overdraft fees when their accounts had sufficient funds.
7h ago