News From the World Wide Web

HousingWireHousingWire On Monday, the Federal Housing Finance Agency (FHFA) announced that all approved lenders will have access to a fee-based alternative to repurchase Freddie Mac’s performing loans with defects, expanding a pilot program launched earlier this year. In addition, the FHFA announced that government-sponsored enterprises (GSEs) will give 60 days…

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Acting U.S. Department of Labor Secretary Julie Su, second from left, greets a toddler at A Place to Grow in Brentwood, as part of a visit and roundtable that also included, from left, U.S. Rep. Chris Pappas (D-CD1), U.S. Sen. Jeanne Shaheen (D-NH), and Jen Legere, founder and director of…

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HousingWireHousingWire In a significant move designed to expand homeownership access, the Federal Home Loan Bank of New York (FHLBNY) announced the adoption of an alternative credit scoring model to boost mortgage credit availability. The wholesale bank will now allow members to pledge mortgage collateral using the VantageScore 4.0 system. FHLBNY…

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HousingWireHousingWire The Federal Housing Finance Agency has expanded the eligibility for alternative appraisal methods on purchase loans by increasing the maximum loan-to-value (LTV) requirement. The announcement was made on Monday during the Mortgage Bankers Association (MBA) Annual Convention & Expo in Denver, Colorado. The maximum LTV ratio will increase from…

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HousingWireHousingWire It might be fitting that Bob Broeksmit struck a more conciliatory tone during his speech to kick off MBA Annual than he did last year, when he said the mortgage trade organization was “playing offense” to “stop the madness.” After all, the general election is a little over a…

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