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In the wake of the Surfside condo collapse, Freddie Mac and Fannie Mae instituted stricter rules regarding the soundness of this crucial form of housing stock as it ages. In response to complaints about a lack of clarity on buildings deemed unfit for financing, the GSE unveiled plans to improve transparency for both home owners associations and lenders.
January 29 -
The agency reconfirmed the new nonbank capital rule won't become effective until late next year after inadvertently publishing an update with an earlier date.
December 28 -
The Department of Housing and Urban Development proposal, which would modernize client meetings necessary for some mortgages, is similar to an FHA move.
December 13 -
The reports that will be due for certain months starting next year will add to Ginnie Mae's growing oversight of nonbank mortgage-backed securities issuers.
December 8 -
The seizure of servicing from Reverse Mortgage Funding's bankruptcy has had ripple effects ranging from a private legal challenge to broader policy changes.
November 2 -
The Department of Housing and Urban Development affiliate is making it easier to repackage securities backed exclusively by these mortgages.
October 12 -
A new label and disclosures for certain mortgage securities may create more of an impetus for lenders to extend credit to underserved populations.
September 19 -
The Lansing, Michigan-based firm was awarded the contract this spring and takes over from Novad Management Consulting, which had previously serviced government-held HECMs since 2014.
December 13 -
Bank regulators are considering a measure that would rewrite the rules implementing the Community Reinvestment Act. They should consider taking their existing rules seriously.
November 14Woodstock Institute -
The agency is currently using upper ceilings set in the Housing and Economic Recovery Act of 2008.
October 18