Fannie Mae and Freddie Mac recently announced that they have launched an initiative to update the Uniform Appraisal Dataset (UAD) and uniform appraisal reporting forms to provide greater clarity for industry participants, simplify appraisal reporting and reviewing, and to build a foundation for appraisal modernization.
Read MoreTopics: Freddie MAC, GSE, Fannie Mae, Lenders, appraisal technology, AMCs, Mortgage Companies, UAD, Uniform Appraisal Dataset, appraisal forms, Appraisal Process Management, Credit Union
Freddie Mac’s latest Outlook report, which was released at the end of April, broke down the state of the housing market and examined where the industry is likely heading over the next couple years.
Read MoreTopics: Freddie MAC, GSE, Lenders, AMCs, Mortgage Companies, residential mortgage industry, Credit Union
Many throughout the mortgage industry have been keeping their eyes on the rising interest rates, wondering how they will affect housing. Freddie Mac has taken notice to this subject as well, and in its recent February Insight report, the GSE looked at how these rising rates could impact the market.
Read MoreTopics: Freddie MAC, GSE, Lenders, Mortgage Companies, residential mortgage industry, Credit Union
In a recent blog post, the FHFA announced that it has created the new Mortgage Assistance Application (MAAp), which will allow servicers to help borrowers resolve delinquencies more quickly.
Read MoreTopics: Freddie MAC, GSE, Fannie Mae, servicers, Lenders, Mortgage Companies, Compliance, Credit Union
In a recent bulletin, Freddie Mac outlined several impending changes to its student loan debt calculation requirements, which will become effective for mortgages with settlement dates on or after January 18, 2018.
Read MoreTopics: Freddie MAC, GSE, Lenders, Mortgage Companies, Compliance, Regulations, Credit Union
In a recent bulletin, Freddie Mac announced several revisions to some of its appraisal requirements.
Read MoreTopics: Freddie MAC, GSE, Lenders, Appraisers, AMCs, Mortgage Companies, Compliance, Regulations, Appraisal Process Management, Credit Union
Freddie Mac recently provided information on its new high LTV refinancing option, which will eventually replace HARP in roughly a year from now. Known as the Enhanced Relief Refinance Mortgage, this new product will become effective for mortgages with applications received on or after November 1, 2018.
Read MoreTopics: Freddie MAC, GSE, Lenders, Mortgage Companies, residential mortgage industry, Credit Union
Freddie Mac recently announced that it has expanded homeownership opportunities and access to credit for many Americans who do not currently have credit scores.
Read MoreTopics: Freddie MAC, GSE, Lenders, Mortgage Companies, technology, residential mortgage industry, Credit Union
U.S. Representatives Ed Royce (R-CA), Kyrsten Sinema (D-AZ), and Terri Sewell (D-AL) have reintroduced H.R. 898—or the “Credit Score Competition Act”—which would enable Fannie Mae and Freddie Mac to consider alternative credit scoring models when making mortgage purchasing decisions.
Read MoreTopics: Freddie MAC, GSE, Fannie Mae, servicers, Lenders, Mortgage Companies, Compliance, residential mortgage industry, Regulations, Credit Union
Back on October 24th, Freddie Mac announced that it will be adding new functionalities to its Loan Advisor Suite, which will provide lenders with the ability to use an automated appraisal alternative to replace traditional appraisals on some loan applications.
Read MoreTopics: Freddie MAC, GSE, Lenders, appraisal technology, Appraisers, AMCs, technology, residential mortgage industry, mortgage software
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