Fannie Mae Executes Fifth CIRT on $18.1B of Single-Family Loans
As part of Fannie Mae's ongoing effort to reduce taxpayer risk by increasing the role of private capital in the mortgage market, the execution of the fifth Credit Insurance Risk [...]
Median Home Prices Fall Up To $80k Across the Country
Boise, Idaho and Austin, Texas see the biggest drop in home prices as U.S. median home sale prices fell 4.1% across the board. Click through to see what that decline [...]
House Committee Examines LLPA Fee Structure
A recent House Financial Services Committee hearing featured industry experts dissecting the FHFA’s recent changes to the loan level price adjustment fee structure used by the GSEs. Source: DS News
Illinois Court Allows Service of Process by Electronic Means
Attorney Stacia E. Peterson discusses a new law change regarding the issuance of a summons and service of a complaint via electronic means. Source: DS News
April Home Sales Decline Instead of Ramp-Up
During a period of the year where home sales traditionally increase moving into the peak summer season, April sales declined more than 7%. Source: DS News
Study: Where Is Homebuying More Affordable Than Renting?
Nationwide, the typical home costs 25% more to buy than rent, according to a new report from Redfin. Click here to see which major metro areas topped the list of [...]
Investor Interest in Housing Market Trends Upward
Realtor.com reports that as 2022 ended, investors purchased 8.2% of the nation’s homes sold in December, a total up 0.4 percentage points from the same time in 2021, with the [...]
Freddie Mac Enhances Income Assessment Tool
New capability will assist lenders in calculating borrower income more quickly and precisely, thus reducing risk and helping serve more qualified borrowers. Source: DS News
Tightening Credit Conditions Could Spur Recession
Fannie Mae is still predicting recession conditions to occur this year due to a slow down in the economy, and a tightening of credit standards. Source: DS News