Federal Housing Finance Agency

Fannie Mae and Freddie Mac Will Require the Use of FICO Score 10 T

Retrieved on: 
Montag, Oktober 24, 2022
Professional Services, Data Management, Technology, Software, Finance, Banking, Personal Finance, News, Risk, Telecommunication, Growth, Federal Housing Finance Agency, Enterprise, Education, California v. Federal Housing Finance Agency, NYSE, Fannie Mae, FICO, Credit score in the United States, FHFA, Freddie Mac, Fraud, Solution, Credit, Online shopping

The latest release of the companys flagship FICO Score, FICO Score 10 T, FICOs most powerful score to-date, gives lenders the flexibility and predictive power to make more precise lending decisions.

Key Points: 
  • The latest release of the companys flagship FICO Score, FICO Score 10 T, FICOs most powerful score to-date, gives lenders the flexibility and predictive power to make more precise lending decisions.
  • FICO Score 10 T delivers increased predictive power while preserving the trusted and proven FICO Score minimum scoring criteria.
  • Plus, FICO Score 10 T utilizes a consistent odds-to-score relationship as the prior FICO Score version used by the Enterprises, offering continuity and stability for lenders, investors and consumers.
  • Click here to learn more about FICO Score 10 T.
    The FICO Score is the independent standard measure of consumer credit risk and is provided free to consumers through hundreds of lenders via the FICO Score Open Access program .

United States Home Equity Lending Market Report 2022-2027 Featuring Bank of America, Flagstar Bank, PenFed Credit Union, Chase, US Bank, PNC, Navy Federal, NBKC, Creditaid, Citizens Commerce Bank - ResearchAndMarkets.com

Retrieved on: 
Donnerstag, September 29, 2022
Professional Services, Finance, Wells Fargo, Appraiser, COVID-19, JPMorgan Chase, Contract, TransUnion, Industry, FHFA, House, CoreLogic, Method, Federal Housing Finance Agency, Zillow, Housing, Bank, Life insurance, Security (finance), Real estate, Growth

The "US Home Equity Lending Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "US Home Equity Lending Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)" report has been added to ResearchAndMarkets.com's offering.
  • The elements that operate as a lucrative potential for the global home equity loans industry include the strong demand for home equity loans and their superiority over alternative borrowing options.
  • In contrast to earlier years, the market for home equity loans and lines of credit has recently hardly registered on the metre.
  • In terms of market share, few of the major players currently dominate the market.

85% of Homeowners with Mortgages Have a Rate Far Below Today’s Level, a Factor Prompting Many to Stay Put

Retrieved on: 
Dienstag, September 20, 2022
Residential Building & Real Estate, Construction & Property, Professional Services, Finance, Federal, Sale, Federal Reserve, News, FHFA, NASDAQ, Federal Housing Finance Agency, Housing, Real estate, Renewable energy, Redfin

Redfin defines a mortgage rate far below todays level as one under 5%.

Key Points: 
  • Redfin defines a mortgage rate far below todays level as one under 5%.
  • Its worth noting that not everyone with a mortgage rate far below todays level is deterred from selling.
  • In Utah, 93% of homeowners with mortgages have a mortgage rate below 5%a higher share than any other state.
  • Meanwhile, just 77% of homeowners with mortgages in West Virginia have a mortgage rate below 5%the lowest share in the country.

Freddie Mac Multifamily Adds Berkadia as LIHTC Equity Syndicator

Retrieved on: 
Mittwoch, September 14, 2022
Berkshire Hathaway, Federal Housing Finance Agency, OTCQB, Freddie Mac, Industry, No, Program, Investment, FHFA, Freddy, LIHTC, Solution, Housing, GLOBE, Congress, Low-Income Housing Tax Credit, SVP, FMCC, Commercial property, Real estate, Jefferies Financial Group

Berkadia is the first new LIHTC Syndicator named by Freddie Mac since the company restarted making LIHTC equity investments in 2018.

Key Points: 
  • Berkadia is the first new LIHTC Syndicator named by Freddie Mac since the company restarted making LIHTC equity investments in 2018.
  • We are thrilled to announce Berkadia as a LIHTC Syndicator and look forward to working together to create and preserve affordable housing in underserved communities, said Steve Johnson, interim vice president of production & sales for Freddie Mac Multifamily.
  • "Freddie Mac has been a valued partner to Berkadia for years and we are thrilled to be at the forefront of their growing LIHTC equity investment platform," said David Leopold, SVP and Head of Berkadia Affordable Housing.
  • With more than $10.5 billion in loan volume with Freddie Mac in 2021, Berkadia was ranked Freddie Mac's No.

CMG Financial Increases Conforming Loan Limits Across Channels

Retrieved on: 
Dienstag, September 13, 2022
HUD, GNMA, Industry, FNMA, FHFA, District, Goal, CA, RHS, FHLMC, SAN, Federal Housing Finance Agency, GLOBE, CMG, Consumer, Bank

Effective immediately all CMG Financial channels (retail, wholesale, and correspondent) will start accepting one-unit Conventional Loan applications and locks of up to $715,000.

Key Points: 
  • Effective immediately all CMG Financial channels (retail, wholesale, and correspondent) will start accepting one-unit Conventional Loan applications and locks of up to $715,000.
  • The new increase reflects the expected one-unit conforming loan limit for 2023.
  • One of the ways CMG plans to achieve these goals is by providing its customers early access to higher loan limits.
  • Throughout the mortgage banking and housing markets, CMG Financial is widely known for responsible lending practices, industry and consumer advocacy, product innovation, and operational efficiency.

Ocwen Financial Comments On New Financial Eligibility Requirements Announced by FHFA and Ginnie Mae

Retrieved on: 
Freitag, September 9, 2022
Microsoft, Government, Instability, Share repurchase, Freddie Mac, OCN, FHFA, Solution, Securities Exchange Act of 1934, Securities Act of 1933, State attorney general, Compliance, GLOBE, MAV, MSR, Straw borrower, Housing, Liberty, Education, Fannie Mae, Federal Housing Finance Agency, Consumer, General Services Administration, Policy, United States Department of Justice Tax Division, California v. Federal Housing Finance Agency, GNMA, GSE, U.S. Securities and Exchange Commission, Forward-looking statement, NYSE, SHARP, Justice, UPB, COVID-19, CFPB, United States Secretary of Housing and Urban Development, HECM, Security (finance), State, HUD, Department, Government National Mortgage Association, PHH, Ocwen, Consumer Financial Protection Bureau, SEC, Form 10-K, PALM, STAR, Annual report, Bank

WEST PALM BEACH, Fla. , Sept. 09, 2022 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (Ocwen or the Company), a leading non-bank mortgage servicer and originator, issued the following statement in response to the minimum financial eligibility requirements for enterprise seller/servicers and Ginnie Mae issuers announced by the Federal Housing Finance Agency (FHFA) and Ginnie Mae (GNMA).

Key Points: 
  • WEST PALM BEACH, Fla. , Sept. 09, 2022 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (Ocwen or the Company), a leading non-bank mortgage servicer and originator, issued the following statement in response to the minimum financial eligibility requirements for enterprise seller/servicers and Ginnie Mae issuers announced by the Federal Housing Finance Agency (FHFA) and Ginnie Mae (GNMA).
  • We are having discussions with GNMA with respect to their risk-based capital requirements, which take effect at year-end 2023.
  • We are evaluating our alternatives, as well as the costs and benefits of achieving compliance with the GNMA risk-based capital requirements.
  • Ocwen Financial Corporation (NYSE: OCN) is a leading non-bank mortgage servicer and originator providing solutions through its primary brands, PHH Mortgage and Liberty Reverse Mortgage.

Montana Becomes First State to Give Broad Regulatory Approval for 3D Printing in Construction

Retrieved on: 
Dienstag, August 16, 2022
Version One Ventures, Civil, National Fire Protection Association, Industry, United Arab Emirates, California v. Federal Housing Finance Agency, 3D, Technology, TOPS-10, VC, History, Department, Guinness, Commissioner, Labour, NFPA, NASA, The Alchemist Accelerator, Quality of life, Engineering, Building material, Federal Housing Finance Agency, CMU, Large, Cor, Nature, Cmus, Guinness World Records, News, University, Housing, Biophysical environment, Health, Enterprise, 3D printing

MELBOURNE, Fla. and HELENA, Mont., Aug. 16, 2022 /PRNewswire/ -- Building code regulators at the state level in Montana made history as the first to approve 3D-printed walls as an equal replacement for walls made with concrete masonry units (CMUs), or a standard cored concrete block.

Key Points: 
  • Apis Cor is the only construction company that has designed 3D-printed walls that comply with international building codes.
  • The company has completed multiple pilot homes in the United States and in the United Arab Emirates.
  • "I'm proud of my home state of Montana for being so forward-thinking and leading the way with this approval of 3D printing as a modern construction method on par to CMU block construction, which opens the door instead of closing it."
  • "The need for safe, quality affordable housing is significant across Montana, and this approval puts Montana at the forefront of innovative housing construction technologies nationwide," said Commissioner of Labor & Industry Laurie Esau.

Evolve Mortgage Services Appoints Industry Legend Mark Calabria to Join Advisory Board

Retrieved on: 
Montag, Juli 11, 2022
President Trump, Federal Housing Finance Agency, Solution, COVID, Industry, Knowledge, Freddie Mac, Technology, FHFA, White, White House, TPR, Fannie Mae, EMortgage, Growth, Cato Institute, Financial adviser, Management, Real estate, Evolve

FRISCO, Texas, July 11, 2022 /PRNewswire/ -- Evolve Mortgage Services, a top provider of outsourced mortgage solutions and eMortgage technology solutions, announced today it has added an elite industry legend and luminary, Mark Calabria as a member of its advisory board.  

Key Points: 
  • FRISCO, Texas, July 11, 2022 /PRNewswire/ -- Evolve Mortgage Services , a top provider of outsourced mortgage solutions and eMortgage technology solutions, announced todayithasadded an elite industry legend and luminary, Mark Calabria as a member of its advisory board.
  • Members will serve on the Evolve advisory board for a one-year term from July 1, 2022, to June 30, 2023.
  • Specific areas of the board's primary focus include:
    We welcome our esteemed new advisory board member, Mark Calabria!
  • Evolve Mortgage Services is a top provider of outsourced mortgage solutions and eMortgage technology solutions.

Ceres finds U.S. financial regulators have made significant progress in addressing climate-related financial risk over the past year

Retrieved on: 
Montag, Juni 27, 2022
U.S. Department of the Treasury, Office of Inspector General, National Credit Union Administration, Federal Housing Finance Agency, Ceres, FHFA, CFTC, Commodity Futures Trading Commission, Self-regulatory organization, Climate change, Climate, Capital market, U.S. Securities and Exchange Commission, Federal Deposit Insurance Corporation, MSRB, Fed, OCC, U.S. Department of Commerce Office of Security, FDIC, Treasury, FSOC, SEC, NCUA, Municipal Securities Rulemaking Board, Federal Reserve Bank, Smart contract, Federal Reserve Bank of St. Louis, Sustainability, Safety, Multimedia, Comptroller, Renewable energy, Bank, Audit, Management

Nine federal agencies have taken 230 actions to address climate financial risk, according to a new 2022 Ceres scorecard.

Key Points: 
  • Nine federal agencies have taken 230 actions to address climate financial risk, according to a new 2022 Ceres scorecard.
  • The 2022 Climate Risk Scorecard: Assessing U.S. Financial Regulator Action on Climate Financial Risk , provides an in-depth analysis of the action steps that the agencies have taken to protect our capital markets, financial institutions, and communities from the effects of climate risk.
  • They have identified climate change as a significant financial risk and are working to protect all sectors of our economy from its impacts."
  • For those agencies with authority that encompasses the needs of financially vulnerable communities, there is greater variation in progress.

Freddie Mac Announces Landmark Equitable Housing Finance Plan

Retrieved on: 
Mittwoch, Juni 8, 2022
Goal, OTCQB, Community development financial institution, Research, Freddy, FMCC, United, CEO, SPCP, Community development, GLOBE, Plan, Federal Housing Finance Agency, Tenant, American Dream, Freddie Mac, Industry, Color, Housing, Ageing, Safety, Renewable energy, Real estate

Freddie Macs Equitable Housing Finance Plan lays out meaningful actions designed to help make home possible and sustainable for more renters, buyers and homeowners, particularly in traditionally underserved communities, said Michael DeVito, CEO of Freddie Mac.

Key Points: 
  • Freddie Macs Equitable Housing Finance Plan lays out meaningful actions designed to help make home possible and sustainable for more renters, buyers and homeowners, particularly in traditionally underserved communities, said Michael DeVito, CEO of Freddie Mac.
  • Freddie Macs Plan, covering 2022-2024, seeks to advance equitable and sustainable housing and rental opportunities while ensuring safety and soundness.
  • Our Equitable Housing Finance Plan is the result of countless hours of research and analysis from across our company, said Michael Hutchins, President of Freddie Mac.
  • For more information and details, Freddie Macs Equitable Housing Finance Plan and Fact Sheet are available online.