Fannie Mae

The mortgage industry doesn’t want the DTI LLPA fee delayed. They want it killed

FHFA’s postponement of the DTI-based LLPA is not enough – trade groups and lenders want an alternative entirely.

LoanCare launches distressed mortgage unit

A subservicer focused on government-related loans has started a new unit called Velocity that will aim to more efficiently manage mortgages using analytics. Velocity Servicing’s formal launch marks the outcome of LoanCare’s 2021 hire of former Goldman Sachs Vice President Matt Stadler, who the company brought in to build out an independently run special-servicing division. … [Read more…]

Mortgage Rates Are Very Volatile Right Now. Here’s What to Watch For

Mortgage rates fell. Then mortgage rates rose. Then mortgage rates fell again. What the heck is going on out there? Bank runs, bank failures, no more Fed rate hikes? It’s called uncertainty, which leads to volatility in everything from stocks to bonds and mortgage rates. So if you’re not sure what’s going on, join the… Read More »Mortgage Rates Are Very Volatile Right Now. Here’s What to Watch For

The post Mortgage Rates Are Very Volatile Right Now. Here’s What to Watch For appeared first on The Truth About Mortgage.

FHFA delays implementation of LLPA DTI fees

The FHFA announced that it would delay the implementation of a controversial upfront fee on Fannie Mae and Freddie Mac borrowers with higher debt-to-income ratios.

Silicon Valley’s ‘bridge bank’ says it’s resumed mortgage originations 

Silicon Valley Bank resumed mortgage originations on Tuesday via its newly established “bridge bank” — just four days after California state regulators took possession of the financial institution.

Hispanic homeownership rate rose to 48.6% in 2022

Despite affordability challenges, Hispanic homeownership rates posted 48.6% in 2022 to mark eight years of consecutive growth.Â