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government-sponsored entities (GSEs)

CoreLogic Unveils White Paper on QRMs

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CoreLogic released QRM and Risk Retention Standards: Foundation for a Sound Housing Market, the second white paper in a series intended to address the implications of new and revised federal regulations. In this edition, the re-proposed Credit Risk Retention (CRR) rule and Qualified Residential Mortgage (QRM) alternatives are outlined and analyzed, helping to bring greater clarity to the requirements.Click to continue

Fitch Ratings: GSEs Negatively Impacted by Mortgage Insurance

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Freddie Mac has reported a $4.4 billion third quarter loss, partly driven by a reduction of mortgage insurance recoveries. Fitch Ratings believes future results for both government-sponsored entities (GSEs) under the conservatorship of the Federal Housing Finance Agency (FHFA)—Fannie Mae and Freddie Mac—will continue to be negatively affected by additional deterioration in the mortgage insurance (MI) industry. Click to continue