Fannie Winnows Mortgage Portfolio With NPL Sale

By: ameer@trustedteam.com

Nearly $297 million in non-performing Fannie loans have hit the auction block so far in July. That includes an $8.1 million community impact pool.

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GSEs Push New Tech Tools to Improve Access to Mortgage Credit

By: ameer@trustedteam.com

The GSEs’ automated underwriting systems now include income calculators, appraisal waivers and tools to assess the rental payment history of borrowers.

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FICO White Paper Disputes VantageScore Claims

By: ameer@trustedteam.com

Just one week after VantageScore 4.0 credit score was allowed for underwriting GSE-eligible loans, competitor FICO released data appearing to show that FICO 10 T has superior predictive capabilities.

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Nonbank GSE Servicers’ Market Share Flat in 2Q

By: ameer@trustedteam.com

Although total GSE servicing remained almost unchanged as of the end of the second quarter, some large servicers — mostly nonbanks — experienced disproportionate year-over-year gains in volume. (Includes...

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2 rate cuts spark massive home buyer activity

By: ameer@trustedteam.com

Recent data has highlighted strong growth in home sales following the two rate cuts from the Reserve Bank, igniting some much-needed optimism in the market.

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Demand for business, commercial, and asset finance loans expected to continue

By: ameer@trustedteam.com

Brokers are anticipating continued growth in all areas of commercial finance lending, highlighting growth plans for Aussie businesses.

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The ‘trust deficit’ that’s hurting the industry

By: ameer@trustedteam.com

In a highly digitised world that pushes human connection aside, the broking industry is being impacted by an erosion of trust.

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Melbourne suburbs rank top spot for homebuyers, according to NAB

By: ameer@trustedteam.com

Brokers and buyers can score big by looking beyond the usual neighbourhoods

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What you need to know about auditing your SMSF

By: ameer@trustedteam.com

Anyone running a self-managed superannuation fund (SMSF) must ensure the fund is audited once a year by a registered auditor.

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Home loan rates hold fire

By: ameer@trustedteam.com

Home lenders are still lying low after July’s shock cash rate hold with very little movement in the mortgage market this week.

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