Archives For: Industry Updates
Fannie Mae Earns ENERGY STAR Recognition for 2022 Environmental Sustainability Achievements
Fannie Mae announced it earned the 2022 ENERGY STAR® Partner of the Year – Sustained Excellence Award from the U.S. Environmental Protection Agency and U.S. Department of Energy
6 May 2022
MBA: Mortgage Delinquencies Decrease in First Quarter
MBA reports that the delinquency rate decreased 54 basis points from the 4th quarter of 2021 and was down 227 basis points from one year ago.
5 May 2022
Agencies Issue Joint Proposal to Strengthen and Modernize Community Reinvestment Act Regulations
Federal bank regulatory agencies today jointly issued a proposal to strengthen and modernize regulations implementing the Community Reinvestment Act (CRA) to better achieve the purposes of the law.
5 May 2022
ICE to Buy Mortgage-Software Firm Black Knight for $13.1 Billion
Intercontinental Exchange Inc. has agreed to buy Black Knight Inc. in a deal valuing the mortgage software provider at about $13.1 billion
4 May 2022
Fannie REO Inventory Increased in Q1 YoY; Expected to Increase Further in 2022
Fannie Mae reported the number of REO increased to 7,430 at the end of Q1 2022 compared to 6,918 at the end of Q1 2021.
3 May 2022
FHFA to Make Supplemental Consumer Information Form Mandatory
Fannie Mae and Freddie Mac will now require lenders to use the Supplemental Consumer Information Form, which collects information about the borrower’s language preference among other things.
3 May 2022
Freddie Mac Promotes Longtime Exec to Lead Multifamily Unit
Freddie Mac announced it has promoted company veteran Kevin Palmer to head its Multifamily business beginning May 9.
3 May 2022
Home Affordability is Nearly the Worst on Record as Mortgage Rates Spike
Mortgage rates just hit their highest level since 2009, and home prices are continuing to experience double-digit gains. Now, nearly all of the major housing markets in the United States are less affordable than they have been historically, and affordability is near its worst point on record.
2 May 2022
HSBC Beats RMBS Trustee Suit on Champerty Grounds
A long-running lawsuit accusing HSBC’s U.S. arm of failing to protect investors in pre-2008 residential mortgage-backed securitization trusts that it oversaw has become the latest such case against a bank to founder in New York federal court on champerty grounds.
29 Apr 2022
Freddie Mac Statement on 2022-2024 Duty to Serve Plan
Freddie Mac released a statement in support of the Federal Housing Finance Agency’s Duty to Serve (DTS) Plan announcement. The DTS Program sets an ambitious agenda for serving the manufactured housing, rural housing and affordable housing preservation markets.
27 Apr 2022