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FHFA Releases New Strategic Plan and Scorecard for Fannie and Freddie

FHFA Releases New Strategic Plan and Scorecard for Fannie and Freddie

Monday, 04 November 2019
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Mark A. Calabria, Director Federal Housing Finance Agency, announced a new Strategic Plan and Scorecard for Fannie Mae last week at the Mortgage Bankers Association 2019 Annual Convention & Expo in Austin, Texas. Read more...
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Fannie Mae Posts $4B Net Income in Q3

Fannie Mae Posts $4B Net Income in Q3

Tuesday, 05 November 2019
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Fannie Mae recorded a net income of $4.0 billion in the third quarter of 2019, up from $2.9 billion in the prior quarter, the mortgage finance giant has announced. Read more...
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Trump Lashes Out at Fed After it Cuts Rates Again

Trump Lashes Out at Fed After it Cuts Rates Again

Monday, 04 November 2019
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President Donald Trump has ramped up his ongoing criticisms of the Federal Reserve and its chairman, Jay Powell, after the central bank announced its third interest rate cut of the year but hinted at a high bar for future cuts. So reports CNBC. Read more...
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MBA Sees 2019 Originations Hitting Pre-crisis Heights

MBA Sees 2019 Originations Hitting Pre-crisis Heights

Wednesday, 06 November 2019
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The Mortgage Bankers Association has announced that it forecasts originations to reach levels this year not seen since before the financial crisis and Great Recession. Read more...
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A 'No' Doesn’t Mean the Dream Ends. Look to 'Maiden' for Inspiration

A 'No' Doesn’t Mean the Dream Ends. Look to 'Maiden' for Inspiration

Friday, 01 November 2019
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By Pat Sherlock, Founder QFS Sales Solutions. Every originator hears the word “no” a lot. Whether it is from referral sources or prospects, salespeople deal with rejection on a regular basis. Read more...
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CoreLogic Announces Significant Enhancements to the AutomatIQ Borrower Solution

CoreLogic Announces Significant Enhancements to the AutomatIQ Borrower Solution

Monday, 28 October 2019
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CoreLogic, a global property information, analytics and data-enabled services provider, announced several enhancements to the AutomatIQ™ Borrower underwriting solution. Read more...
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Despite Seasonal Uptick, Mortgage Delinquencies Fall 11% from Last Year: Black Knight

Despite Seasonal Uptick, Mortgage Delinquencies Fall 11% from Last Year: Black Knight

Monday, 28 October 2019
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September saw a slight seasonal uptick in delinquencies to 3.53% (+2% from August), but the national delinquency rate was down 11.2% from this time last year. That's according to a first look at Black Knight's September 2019 month-end mortgage performance statistics, derived from its loan-level database, representing the majority of the national mortgage market. Read more...
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Three Indicted for $7M Mortgage Fraud Against Elderly

Three Indicted for $7M Mortgage Fraud Against Elderly

Thursday, 31 October 2019
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Three operators of a mortgage company have been arrested and charged for allegedly running a $7 million fraudulent scheme across California, with many of the victims elderly and financially troubled. So reports the San Diego Union-Tribune. Read more...
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Supreme Court to Weigh CFPB Constitutionality

Supreme Court to Weigh CFPB Constitutionality

Wednesday, 30 October 2019
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The U.S. Supreme Court has announced that it will consider a legal challenge to the Consumer Financial Protection Bureau, taking up the case of law firm Seila Law, which refused to comply with the regulator. So reports The Hill. Read more...
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Existing Home Sales Slip in September

Existing Home Sales Slip in September

Tuesday, 29 October 2019
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Last month’s numbers for home sales came in lower than economists were anticipating amid a lack of affordable housing supply. So reports Reuters. Read more...
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