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Adverse market fee fueled g-fee profitability in 2021

Adverse market fee fueled g-fee profitability in 2021

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Adverse market fee fueled g-fee profitability in 2021
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housingwire housingwire | 1 year ago
Freddie Mac reported net income of $3.8 billion for the first quarter of 2022, an increase of 37% year-over-year, even as purchase and refinance activity continued to decline. The post Freddie Mac now worth $31.7B, but G-fee income falls appeared first on HousingWire.
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FHFA tweaks g-fee pricing by eliminating some upfront fees
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The FHFA β€œas soon as possible” will eliminate upfront fees for certain borrowers and affordable mortgage products, which is part of an ongoing review of Fannie Mae and Freddie Mac’s guarantee fee pricing framework. The post FHFA tweaks g-fee pricing by eliminating some upfront fees appeared first on HousingWire.
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On May 18, the Subcommittee on Economic Opportunity held a legislative hearing on the Discussion Draft of H.R. 7735, Improving Access to the VA Home Loan Act of 2022. The bill is sponsored by Representative Mike Bost, R-Illinois, the ranking member of the House Veterans Affairs Committee, and Senator Dan Sullivan, R-Alaska, a member of the Senate Veterans Committee. It would require the VA to consider when an appraisal is unnecessary and when a desktop appraisal should be used and, a move from ...
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housingwire housingwire | 1 year ago
Former FHFA director Mark Calabria has joined the advisory board at Evolve Mortgage, where he is to guide leadership during a one-year term. The post Former FHFA head Mark Calabria to join Evolve Mortgage Services board appeared first on HousingWire.
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compareclosing compareclosing | 1 year ago
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