Tagged: Fannie Mae

TransUnion finds purchase lending grew 7.1% in Q2, but loans associated with the two mortgage giants declined even as refinancing gained momentum

eLEND expands eligibility for lower-score borrowers on select FHA and conventional loans through Dec. 31

The mortgage giants recorded a combined $1.94 billion in third-quarter provisions, with higher projected rates extending credit exposure and signs of stress emerging among newer loans

Lender reports a 62-basis-point reduction in loan-level pricing adjustments for qualifying transactions and removes an 80% LTV restriction as alternative credit scoring gains traction

A new LendingTree survey finds homeowners postponing essential maintenance as costs mount, raising concerns about property conditions, mortgage eligibility, and the limits of home equity financing

Wholesale lenders have adopted different rules for appraisal transfers, loan product changes, and reporting formats, adding complications for brokers and appraisers ahead of the Nov. 2 mandate

The new capability adds more than 350 automated checks as lenders prepare for the November 2 mandate

The modest decline trims borrower payments, while year-end forecasts above 7% leave LOs focused on deals already close to working

The executive order calls for automatic mortgage insurance cancellation, expanded title insurance alternatives, and cheaper refinances, potentially changing how lenders and servicers handle borrower costs

Fannie Mae and Freddie Mac’s higher allocation requirement gives LOs reason to review association finances now, while California’s new funding duties begin in 2032