IndyMac sponsors NeighborWorks Center for Foreclosure Solutions

Nov 15, 2007

BasePoint introduces early payment default solutionMortgagePress.comMortgage early payment default solutions BasePoint Analytics has made available the BasePoint EPD alert, an early payment default solution, which is a statistical pattern recognition score designed to assess the risk of early payment default in mortgage applications and loans. The BasePoint EPD alert uses advanced analytic scoring technology that enables mortgage lenders and investment banks to score and identify each loan's early payment default risk in real-time, during the underwriting process, before a new loan is funded and before it is purchased on the secondary market. Carlsbad, Calif.-based BasePoint Analytics is a provider of scientific fraud analytics and consulting services. For more information, call (760) 602-4971 or visit www.basepointanalytics.com.

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Nov 15, 2007

Regulation and Compliance

No FHA-Insured Loans For Non-Permanent U.S. Residents

In March 26 letter, HUD states change is effective May 25, aligns with Trump Administration policies

In a policy shift announced today, non-permanent U.S. residents will no longer be eligible for mortgages insured by the Federal Housing Administration (FHA), part of the U.S. Department of Housing and Urban Development (HUD). The change, detailed in a March 26 letter HUD...

Regulation and Compliance

GSEs Ordered To Terminate Special Purpose Credit Programs

Fannie Mae’s and Freddie Mac’s current support for such SPCP programs is ‘inappropriate,’ FHFA has determined

In a directive issued March 25, Decision No. 2025-145, Federal Housing Finance Agency (FHFA) Director Bill Pulte ordered Fannie Mae and Freddie Mac to terminate “Special Purpose Credit Programs,” or SPCPs, that they support. The directive describes such programs as those ...