Opinion: FHFA language requirements may shake up compliance landscape
Opinion: FHFA language requirements may shake up compliance landscape
Abstract
A recent Federal Housing Finance Agency requirement is one step toward boosting resources for non-English speaking borrowers.
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A recent Federal Housing Finance Agency requirement is one step toward boosting resources for non-English speaking borrowers.
The post Opinion: FHFA language requirements may shake up compliance landscape appeared first on HousingWire.
A recent Federal Housing Finance Agency requirement is one step toward boosting resources for non-English speaking borrowers.
The post Opinion: FHFA language requirements may shake up compliance landscape appeared first on HousingWire.
The May Federal Reserve meeting is expected to spark further mortgage rate growth following a big hike to the fed funds rate.
The May Federal Reserve meeting is expected to spark further mortgage rate growth following a big hike to the fed funds rate.
Industry stakeholders took to a virtual forum Monday afternoon to share their thoughts on proposed tweaks to criteria for Fannie Mae and Freddie Mac sellers and servicers, as well as a 2021 proposal by Ginnie Mae for its issuers.
The post FHFA gets blowback on proposed liquidity requirements appeared first on HousingWire.
Industry stakeholders took to a virtual forum Monday afternoon to share their thoughts on proposed tweaks to criteria for Fannie Mae and Freddie Mac sellers and servicers, as well as a 2021 proposal by Ginnie Mae for its issuers.
The post FHFA gets blowback on proposed liquidity requirements appeared first on HousingWire.
Sandra Thompson's latest move as acting FHFA chair? Having lenders disclose the language preference of their borrowers.
The post FHFA language disclosure rule stokes fears of legal blowback appeared first on HousingWire.
Sandra Thompson's latest move as acting FHFA chair? Having lenders disclose the language preference of their borrowers.
The post FHFA language disclosure rule stokes fears of legal blowback appeared first on HousingWire.
The Supplemental Consumer Information Form is now available in the six most-spoken languages in the U.S. on the mortgage translations website, the Federal Housing Finance Agency announced.The FHFA ordered in May that all lenders selling loans to Fannie Mae or Freddie Mac will be required to submit this form with each mortgage application taken starting on March 1, 2023. Currently it is used on a voluntary basis to report a consumer’s language preferences, in an effort to measure access to tho...
The Supplemental Consumer Information Form is now available in the six most-spoken languages in the U.S. on the mortgage translations website, the Federal Housing Finance Agency announced.The FHFA ordered in May that all lenders selling loans to Fannie Mae or Freddie Mac will be required to submit this form with each mortgage application taken starting on March 1, 2023. Currently it is used on a voluntary basis to report a consumer’s language preferences, in an effort to measure access to tho...
For years, Ginnie Mae has been woefully under resourced, which leaves the agency vulnerable to the failure of a large issuer or servicer.
The post Opinion: Ginnie Mae’s revised requirements reduce risk appeared first on HousingWire.
For years, Ginnie Mae has been woefully under resourced, which leaves the agency vulnerable to the failure of a large issuer or servicer.
The post Opinion: Ginnie Mae’s revised requirements reduce risk appeared first on HousingWire.
As part of the Federal Housing Finance Agency's recap of past-year initiatives for Congress, the regulator extended the deadline for its final version of counterparty requirements and noted roadblocks to Fannie Mae and Freddie Mac’s exit from conservatorship.The reproposed minimum financial eligibility requirements for mortgage companies that government-sponsored enterprises Fannie Mae and Freddie Mac work with are now specifically set to be finalized in the third quarter, according to the an...
As part of the Federal Housing Finance Agency's recap of past-year initiatives for Congress, the regulator extended the deadline for its final version of counterparty requirements and noted roadblocks to Fannie Mae and Freddie Mac’s exit from conservatorship.The reproposed minimum financial eligibility requirements for mortgage companies that government-sponsored enterprises Fannie Mae and Freddie Mac work with are now specifically set to be finalized in the third quarter, according to the an...
Start-up enjoys strong first nine months as it makes life easier for clients
Start-up enjoys strong first nine months as it makes life easier for clients
The Federal Housing Finance Agency (FHFA) and Ginnie Mae are walking back some of the more controversial proposed eligibility requirements for lenders and servicers they oversee.
The post FHFA and Ginnie Mae relax proposed seller servicer requirements appeared first on HousingWire.
The Federal Housing Finance Agency (FHFA) and Ginnie Mae are walking back some of the more controversial proposed eligibility requirements for lenders and servicers they oversee.
The post FHFA and Ginnie Mae relax proposed seller servicer requirements appeared first on HousingWire.