The newly-updated Fannie Mae Selling Guide for November has aimed to modernize special property eligibility and underwriting considerations for leasehold estates, and it has revised the government-sponsored enterprise (GSE)’s project review requirements... Read more »
Government-sponsored enterprise Fannie Mae announced on Thursday the appointment of Scott D. Stowell, a homebuilding executive with nearly 40 years of industry experience, to its board of directors. “Mr. Stowell brings nearly... Read more »
The parties involved in a lawsuit between Texas Capital Bank (TCB), the U.S. Department of Housing and Urban Development (HUD) and Ginnie Mae over a dispute involving Home Equity Conversion Mortgage (HECM)-backed... Read more »
Ginnie Mae this week issued a public notice to its issuer partners warning of an observation of higher prepayments in some of its mortgage-backed securities (MBS) programs, reminding issuers that a violation... Read more »
The federal judge overseeing a case brought by Texas Capital Bank (TCB) against Ginnie Mae has dismissed a portion of the bank’s complaint against the government-owned company but will allow the majority... Read more »
As part of the budget request submitted to Congress by President Joe Biden and the White House, the U.S. Department of Housing and Urban Development (HUD) detailed some of its hopes for... Read more »
Since the original filing of a lawsuit about the extinguishment of a priority lien tied to the loan portfolio collateral of Reverse Mortgage Funding (RMF), Texas Capital Bank (TCB) has argued in... Read more »
Consumer sentiment toward housing inched higher for a third consecutive month as respondents feel increasingly optimistic about home selling conditions. Fannie Mae’s Home Purchase Sentiment Index (HPSI), which tracks the U.S. housing market... Read more »
The U.S. House of Representatives on Wednesday passed a series of six spending bills that will avoid a partial shutdown of the federal government while adding some additional budget capacity to Ginnie... Read more »
Fannie Mae announced on Wednesday an enhancement to its desktop underwriting system, which will facilitate the asset, income, and employment verification process through a single data source. Lenders can use a single 12-month asset... Read more »