HUD walks back prior default guidance as too ‘burdensome’ for mortgage servicers
A new mortgagee letter said that some of the Biden administration’s final servicing guidance was too “burdensome,” resulting in changes.
Mortgage
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Mat Ishbia: GSEs acting ‘private’ in conservatorship could be best of both worlds
Mat Ishbia, president and CEO of United Wholesale Mortgage, is confident that if ending the conservatorship results in higher rates, it’s unlikely the government will move forward with it.
The HELPER Act promises to open up housing opportunities and give the real estate business a much-needed lift
A firefighter and his pregnant wife were unable to buy a two-bedroom home in the neighborhood where they grew up; two teachers had dashed dreams of owning their bungalow near the school where they work. These are just two examples of the heartbreaking scenarios you hear about in the real estate business.
Updated list of Bill Pulte’s actions that impact FHFA, GSEs
Here is a list of Bill Pulte’s actions at the FHFA or the GSEs since he was announced as President Trump’s nominee and took office in March.
Tech Pulse: Fannie Mae targets fraud, DirectOffer launches AI assistant
Here’s what happened this week in the latest tech tools, integrations and trends impacting mortgage and real estate.
Study suggests banks are avoiding mortgages in California wildfire zones
The study is awaiting peer review, but it suggests fintech lenders could be taking market share from traditional lenders in riskier areas.
Arrive Home introduces new versions of its Earned Equity Program
The program is now available in two separate products designed for two different groups of borrowers: EEP Pathway and EEP DocLight
Trump: I’m taking Fannie and Freddie ‘public’ with implicit guarantee
President Trump said he is working on taking Fannie Mae and Freddie Mac public and the implicit guarantee would remain.
Building an empire starts with your POS
Millennial homebuyers (born between 1981 and 1996) are reshaping the real estate landscape with their strong preference for digital tools and technology-driven experiences. As the largest cohort of homebuyers in the U.S., their tech-first approach influences how properties are marketed, searched and purchased.
Trump’s GSE exit pursuit is complicated (and could be costly)
Removing the government-sponsored enterprises (GSEs) from conservatorship after 16-plus years would be a complicated endeavor. And if they’re not removed carefully, costs for borrowers could spike.