The regulator of Fannie Mae and Freddie Mac on Wednesday said he sees better quality on new home loans backed by the two companies, which were at the center of the US housing crisis. “We’ve seen a significant improvement in the quality of new business as a result of tighter underwriting standards, and we’re seeing better performance on the loss mitigation side as a result of more aggressive modifications and other foreclosure prevention activities,” Edward DeMarco, acting director of the Federal Housing Finance Agency, said in a speech in Dallas.
Most Popular Articles
Some housing pundits report the demand for housing is strong, while these same pundits, on another day say that we are in a housing affordability crisis. Can the two narratives be accurate at the same time?
Fortune Magazine and Great Place to Work this week announced the winners of its 2020 Best Companies to Work For list, ranking America’s best workplace environments for large companies. And multiple industry titans in the housing space made the list.