FHFA Revamps Federal Home Loan Banks’ Housing Goals
The Federal Housing Finance Agency (FHFA) has sent to the Federal Register for publication a final rule on the Federal Home Loan...
Freddie Mac Appoints New CFO
Freddie Mac has named Christian M. Lown executive vice president and chief financial officer, effective June 15, succeeding Donald F. Kish, who...
ServiceLink Taps Former Freddie Mac VP for Servicing Role
ServiceLink has appointed Yvette Gilmore as its senior vice president of servicing product strategy, responsible for developing ServiceLink's products and services that...
CoreLogic: Home Prices Increased in April But Are Expected to Soften
Flying in the face of the COVID-19 crisis, U.S. home prices increased 1.4% in April compared with March and were up 5.4%...
Susan Sullivan: How to Keep Remote Workers Engaged
PERSON OF THE WEEK: The COVID-19 crisis has put a serious damper on the mortgage market but recent reports show that a...
Vani Vemuganti Promoted to CFO at Credit Plus
Vani Vemuganti has been promoted to chief financial officer at Credit Plus, a provider of data and insights to the mortgage industry.
Rate of Borrower Forbearance Requests Slows Down
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey shows that the total number of loans now in forbearance increased...
FHFA Reviews Trends in GSEs’ Non-Performing Loan Sales
The Federal Housing Finance Agency (FHFA) has released its latest report on the sale of non-performing loans (NPLs) by Fannie Mae and...
Fannie and Freddie Helping Secondary Market with LIBOR Transition
Fannie Mae and Freddie Mac have debuted new websites that provide resources for lenders and investors as the GSEs transition away from...
Mortgage Rates Continue to Set Record Lows
According to Freddie Mac’s Primary Mortgage Market Survey, the 30-year fixed-rate mortgage averaged 3.15 percent for the week ending May 28. This...
DocMagic Offering Free Version of E-Sign Technology
DocMagic Inc., a provider of loan document preparation, regulatory compliance and e-mortgage services, has made a version of its e-sign technology available...
Pending Home Sales Tanked in April But Are Expected to Rebound
Pending home sales sank 21.8% on an adjusted basis in April compared with March and were down 33.8% compared with April 2019,...
ATTOM Analysis Points to 1.5 Million Vacant Properties
ATTOM Data Solutions’ second-quarter 2020 Vacant Property and Zombie Foreclosure Report shows that 1.5 million residential properties in the U.S. are vacant,...
Realtor.com: ‘Buyers and Sellers Off the Sidelines’
Realtor.com’s Weekly Housing Trends Report for the week ending May 23 shows improvement in new listings, as well as an uptick in...
Nearly Half of Borrowers in Mortgage Forbearance Plans Made Their April Payments
Roughly 4.75 million mortgages - representing a little over $1 trillion in unpaid principal - were in COVID-19 forbearance plans as of...
Average FICO Score For a Closed Mortgage Jumped to 749 in April
Due to tightening credit caused by the coronavirus pandemic, the average FICO score for a closed mortgage in April soared to 749,...
Mortgage Applications Inch Up As May Winds Down
For the week ending May 22, mortgage applications increased 2.7 percent from a week earlier, according to data from the Mortgage Bankers...
Fannie Mae Locks Down Pair of CIRT Transactions
Fannie Mae says it has secured commitments for two front-end Credit Insurance Risk Transfer (CIRT) transactions, CIRT FE 2020-1 and CIRT FE...
Sprout Mortgage Adds Non-QM Options to Portfolio
Sprout Mortgage has rolled out four new non-QM loan programs with maximum LTVs of up to 80% and loan amounts of up...
Calyx Rolls Out Cloud-Based Platform Zenly
Calyx, a provider of mortgage software solutions, has debuted a new cloud-based origination platform, Zenly, that can be purchased and operational in...
