Mortgage bankers say Fannie Mae plans to hike its "adverse market delivery" fees effective April 1. One grid shown to National Mortgage News indicates that a borrower will pay 2.25% if he/she has a FICO score between 620 and 639 and the LTV is north of 97%. The mortgage banker who sent the grid told us, "I hear that Fannie has a possible policy" whereby yield spread premiums could disappear. She adds, "what does this means for consumers?" Stay tunedâ¦
Even with the positive news when it came to income, two of the big four underwriters had their earnings outlook slashed, while a third received an upgrade.
AD Mortgage's news survey finds 82% expect AI to transform the industry, and relationship skills will decide who wins in 2027.
An acquisition this year could be one in a line of other future deals, potentially involving lenders or commercial real estate firms, Ellington executives said.
If the deal is completed, the companies will form the sixth-largest publicly traded homebuilder in the U.S. with about $6.6 billion in combined revenue.
Fannie Mae and Freddie Mac's oversight chief said that he's displeased with a report that these builders have retreated from serving first-time buyers.
The economy lost 23,000 jobs in July, but the unemployment rate ticked down to 4.1% all the same. The development could embolden both hawks and doves at the central bank.
