GSEs Update Guides for Condo Rules and Qualifying Income

By: ameer@trustedteam.com

Selling guide changes at the GSEs should make it easier for some borrowers to qualify for mortgages.

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Appeals Court Affirms Jury Award for GSE Shareholders

By: ameer@trustedteam.com

Fairholme Funds v. FHFA, the only net worth sweep lawsuit to make it to trial, is nearing the end of litigation.

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Title Industry Warns Against Expansion of Waiver Pilot

By: ameer@trustedteam.com

Federal Housing Finance Agency Director Bill Pulte recently hinted that Fannie Mae and Freddie Mac might expand their title waiver programs. The effort doesn’t sit well with title insurance...

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Housing Sector Split on Duty-to-Serve Proposal

By: ameer@trustedteam.com

Industry trade groups are pushing for optimized investment tools, community bankers are warning against systemic risk and housing advocates believe the proposal will allow the GSEs to abandon the...

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Use of VantageScore Increasing With GSEs

By: ameer@trustedteam.com

More than 100 lenders have sought approval to participate in the GSEs’ pilot program for VantageScore 4.0. MBS investors are also seeking measures to prevent gaming, increase data transparency...

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GSEs Explain Nuances of Condo Project Eligibility Rules

By: ameer@trustedteam.com

Although the new condo rules have been criticized for being too stringent, GSE executives say many “expansions” have been added to the rules to make them more palatable.

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Title insurers report improved profits, volume in 2Q

By: ameer@trustedteam.com

Even with the positive news when it came to income, two of the big four underwriters had their earnings outlook slashed, while a third received an upgrade.

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Will the negative jobs report hold off a September rate hike?

By: ameer@trustedteam.com

July payrolls fell 23,000 and revisions cut 103,000, while wage growth slowed to 3.2%, sharpening the Fed’s September decision.

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GSEs Deliver Consistent Profits; No Closer to Solvency

By: ameer@trustedteam.com

Combined net interest income at the GSEs has averaged $12.94 billion per quarter over the past year. And since the beginning of 2022, combined net income hasn’t dipped below...

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Real Estate, Interest Rates, and Market Reality: Why It’s Time to Take a Deep Breath

By: ameer@trustedteam.com

Lately, whenever I talk to clients, friends, or family across Ontario, I hear the same thing: people are anxious. They’re worried about where interest rates are going, what their...

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