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Adding pricing considerations tied to debt-to-income ratios, which frequently fluctuate, are destined to create problems with borrowers and internal operations, the Mortgage Bankers Association wrote.
February 7
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Freddie Mac previously announced a similar change set to go into effect for mortgages with settlement dates on or after March 7.
February 2
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Various affiliated companies participated in the creation of the transaction, including its publicly traded REIT, which owned a significant portion of the mortgages.
February 1
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Average scores remain unchanged but signs of payment stress keep emerging, with Fannie Mae's serious delinquency rate up for the first time since August 2020.
January 30
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Alanna McCargo, president of the housing agency, is fulfilling her pledge to halve the waiting time for reperforming loans.
January 27
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The Federal Housing Finance Agency will be looking at the government-sponsored enterprises as a means of doing more to address renter affordability challenges.
January 26
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Foreclosure prevention actions overall fell for the sixth time in seven months in October, according to the FHFA.
January 24
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The breaks for some lower-income borrowers are welcomed, but the use of debt-to-income as a differentiator could complicate originations at a challenging time, lenders say.
January 24
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Currently, there's no standard mechanism for lenders to easily access this information.
January 23
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The government agency is also allowing the use of certain alternative audit procedures to continue.
January 19
