McKernan (pictured right) comes to FHFA from the Department of the Treasury, where he was a senior policy advisor and was involved in the development of the Treasury Housing Reform Plan released in September. Prior to Treasury, he advised Sen. Bob Corker (R-TN) on housing finance reform and financial services issues, including Sen. Corker’s bi-partisan effort to negotiate housing finance reform legislation. Before serving in the federal government, he was counsel at Wilmer Cutler Pickering Hale and Dorr LLP.New Advantage program offers more flexibility for borrowers with past credit events, self-employed buyers using bank statements, and real estate investors
ResiCentral is expanding its Non-QM lending options with a new program offering up to 90% loan-to-value (LTV) financing, debt-to-income (DTI) ratios as high as 55%, and more accommodating guidelines for borrowers with past credit events.The wholesale and non-delegated corres...
Pending sales fall 16.4% from a year ago despite lower home prices and mortgage payments, as sellers retreat from a weakening market
Home prices are falling. Mortgage payments are easing. Sellers are becoming more willing to negotiate. Yet the housing market keeps losing buyers.Pending home sales fell 16.4% year over year during the four weeks ending Nov. 1, reaching their lowest level in Redfin's weekly ...
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