Fannie to Allow Some Appraisal-Less Transactions
Like its secondary cousin, the Federal National Mortgage Association will begin allowing some home-purchase financing loans without appraisals.
Tool to Eliminate Appraisals on Some Freddie Loans
A new automated tool from the Federal Home Loan Mortgage Corp. will enable some home buyers to avoid the time and expense of a full appraisal report.
New Low for HARP Volume as GSE Refis Ascend
Monthly refinances of government-sponsored enterprise mortgages increased, though the government-supported refinance program is barely active.
HARP Extend Despite Diminishing Volume
The government-funded refinance program for borrowers on government-sponsored enterprise mortgages with little equity has been extended despite fading activity.
Freddie to Consider Airbnb Rental Income
Among a host of updates made by the Federal Home Loan Mortgage Corp. on rental income is the utilization of income from short-term rentals.
Huge Portfolio of Reperforming GSE Loans For Sale
More than $2 billion in reperforming government-sponsored enterprise mortgages are being marketed for sale to the highest bidder.
PHH Settles Allegations it Made Bad Agency Loans
A former employee of PHH Corp. will receive millions of dollars for her role in exposing allegedly bad lending practices that has resulted in a big settlement.
Agency ARM Updates Behind Looser Mortgage Credit
Updates to agency parameters for adjustable-rate mortgages were behind an improvement in home-lending credit conditions. It was the second month in a row of easing.
Purchase Financing Jumps at Fannie, But Refis Sink
The quarterly number of home-purchase loans financed by the Federal National Mortgage Association turned sharply higher. Refinance transactions, though, sank.