On October 24, the Federal Housing Finance Agency (FHFA) approved two credit score models, the FICO 10T, and the VantageScore 4.0, for use by Fannie Mae and Freddie Mac. Additionally, the GSEs will require two,...
Read MoreOn October 24, the Federal Housing Finance Agency (FHFA) announced it will make changes to Fannie Mae and Freddie Mac's guarantee fee pricing by eliminating upfront fees for certain borrowers and affordable mortgage products. FHFA...
Read MoreFannie Mae has once again reduced its mortgage origination forecast in its latest U.S. economic outlook report. The GSE now expects total single-family home sales to slow by 18.1% relative to 2021, a further downward revision...
Read MoreNew Home Construction Starts Slow as Builders’ Confidence Shrinks The impact of plummeting buyer interest, cancelled contracts, inflation and continuing labor shortages showed again in the National Association of Home Builders’ Housing Market Index (HMI)...
Read MoreJune Report Shows First Housing Market Inventory Increase in Three Years As the overheated housing market demand cools off amid rapid interest rate and price increases, the June report from Redfin came in with a...
Read MoreStructured Finance Association Provides Recommendations on ABS Climate Disclosures in Letter to SEC Tailored climate disclosure for ABS required; SFA developing securitization framework Today, the Structured Finance Association (SFA) submitted a letter to the U.S....
Read MoreStructured Finance Association Statement on New Basis Point Guarantee on UMBS Collateral The Structured Finance Association (SFA) is gathering market feedback on the new upfront 50 basis point cross-collateral guarantee on Uniform Mortgage-Backed Securities (UMBS)...
Read MoreSFA Joins Joint Trades Letter to FHFA on Credit Scores Proposal On May 13, SFA alongside six other trade associations submitted a letter to the Federal Housing Finance Agency urging to incorporate a fulsome transition...
Read MoreInterest Rates and Price Increases Slow Home Sales Contracts The National Association of Realtors (NAR) monthly report released April 27, showed pending home sales falling for the fifth consecutive month, down 1.2% in March and...
Read MoreSFA Submits Response to FHFA Proposal on Updated Eligibility Requirements for GSE Seller/Servicers On April 22, SFA submitted a response to the Federal Housing Finance Agency (FHFA) request for public input on its Re-Proposal to...
Read More30-year Fixed Mortgage Surpasses 5% This past week, the average rate on the popular 30-year fixed mortgage surpassed 5%, reaching 5.02%, according to Mortgage News Daily. This is the first time it has crossed that...
Read MoreFHA Proposes Rule Introducing 40-year Loan Modification Option On April 1, the Federal Housing Administration (FHA) proposed a new rule introducing a 40-year loan modification option. The FHA believes that extending the loan term limit from...
Read More
