Lending
Lenders merit a common credit box, clearer rep and warrants: MBA
Freddie Mac and Fannie Mae have two separate automated underwriting systems, which are the primary tools used to establish the credit standards for the enterprises. Mortgage lenders use Fannie Mae’s Desktop Underwriter or Freddie Mac’s Loan Prospector to determine whether loans are eligible for... Read More

Featured News

CoreLogic: Housing recovery is durable, but not bulletproof
The trend of rising home prices continues and is expected to carry on, but don't expect double-digit gains as a norm, analysts say. April home prices rose 12.1%, the 14th consecutive month of year-over-year increases,... Read More
Nonagency RMBS activity hits highest point since housing heyday
The year 2013 has marked a turning point for residential mortgage-backed securities in many ways.  For starters, new issue RMBS activity is at its highest point since 2007, according to Standard & Poor’s latest... Read More
BofA, Citi, Wells Fargo fail key servicing tests
Recent mortgage servicing compliance tests resulted in five test fails among the nation's top mortgage servicers, including Bank of America, JP Morgan Chase, Citi and Wells Fargo, according to a new report from Joseph Smith... Read More