Freddie Mac released its quarterly Forecast on January 21 with a review of 2021 that cited the unemployment rate at 3.9% in December of 2021 and nonfarm payrolls still significantly below pre-pandemic levels. With the...
Read MoreOn January 21, Ginnie Mae issued a new memorandum announcing that they are streamlining its documentation requirements for servicers participating in the Federal Housing Administration’s (FHA) Advanced Loan Modification program (ALM). Specifically, the new changes, effective for all ALMs, remove the requirement for...
Read MoreThe National Association of Home Builders (NAHB) released their monthly index on January 18 showing the first decline of confidence among single-family home builders in four months, with future sales expectations for the next 6...
Read MoreCoreLogic’s monthly Loan Performance Report, released January 11, shows that October’s mortgage delinquency rate, which has been steadily declining, has returned to pre-pandemic levels at 3.8% overall delinquency compared to 3.7% in October 2019. The...
Read MoreNational Mortgage News reports that in late December 2021, a group of attorneys general from 20 states made allegations that certain mortgage servicers failed to offer borrowers a recently added Federal Housing Administration loan modification...
Read MoreSFA Applauds FHFA Targeted Increases to Enterprise Pricing Framework The Structured Finance Association (SFA) today released the following statement after the Federal Housing Finance Agency (FHFA) announced targeted increases to government-sponsored enterprises (GSEs) Fannie Mae and...
Read MoreOn January 5, the Federal Housing Finance Agency (FHFA) announced targeted increases to government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac’s upfront fees for certain high balance loans and second home loans. The new pricing framework...
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