Regulation and Compliance
FHFA gives green light for Fannie Mae and Freddie Mac to approve deal ‘with appropriate safety and soundness guardrails’
New legislation guts access to trigger leads and brokers scramble to reinvent their pitch
Deal could value GSEs at combined $500B, sell a portion of their stock to raise ~$30B
Former Ginnie Mae president says appraisal reform is stalling, calls for Congress to embrace data-driven valuations
Who wins, who loses from it in the world of mortgage
Ginnie Mae’s Gormley, FHA’s Cassidy Get Swift Mortgage Industry Support
If enacted, legislation will mark major turning point in how borrower data is treated in the mortgage process
Letter calls for consulting with independent experts, regulators before any changes made
Why mortgage lenders continue to place their trust in Brody | Gapp LLP
Survey returns mixed, polarized results from respondents — along with significant uncertainty