White House rent protections could provide opportunities for lenders

The Federal Housing Finance Agency has a hand in the Biden Administration’s housing plan and should benefit multifamily borrowers. As director of government-sponsored businesses, he will oversee Fannie Mae and Freddie Mac’s actions to strengthen tenant protections, the White House fact sheet on the plan mentioned. “As part of our work on the White House … Read more

GSE loan turnover has fallen, but signs of early distress are emerging

It’s only been six times in seven months in October for the Fannie Mae and Freddie Mac loan sponsorsbut there are signs of borrower distress from the beginning. Completed foreclosure actions on loans held by the government to support development decreased 10% to 18,833 in October from 20,885 the month before, according to the Federal … Read more

MISMO based API model to find local parameters

The Mortgage Standards Association has approved a software application model that allows users to search for mortgage loan eligibility criteria by based on zip code and county name. This standard is called the FIPS Code Lending Limit API Specification. FIPS is short for Federal Information Processing System, a five-digit number that identifies federal and provincial … Read more

FHFA makes some changes to Fannie Mae, Freddie Mac prices

The Federal Housing Finance Agency is making changes to the cost of home loans sold by Fannie Mae and Freddie Mac. Separately, they are putting down a fee for joint mortgage bonds. Pre-determined price changes are now organized in new matrixes with three basic series divided for purchase, refinancing rates, and refinancing loans, again classified … Read more