Friday, May 23, 2014

FANNIE, FREDDIE OFFER LENDERS A 'GET OUT OF PUTBACKS FREE' CARDS


Fannie, Freddie Offer Lenders a 

'Get Out of Putbacks Free' Card


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May 14, 2014
Top Stories
Fannie, Freddie Offer Lenders a 'Get Out of Putbacks Free' Card
Fannie, Freddie Offer Lenders a 'Get Out of Putbacks Free' Card
by KATE BERRY
The government-sponsored enterprises just went a long way toward encouraging lenders to make more loans to borrowers with lower credit scores.
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FHFA's Watt to Stay Out of GSE Reform Fray
FHFA's Watt to Stay Out of GSE Reform Fray
by DONNA BORAK
In a wide-ranging speech on Tuesday, new FHFA Director Mel Watt said he would not weigh in on the housing finance reform debate percolating in Congress, while also detailing what changes he plans to make at the agency, including encouraging more access to credit.
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Anti-Money Laundering Program – Housing Government Sponsored Enterprises
This past February, FinCEN published a final rule in the Federal Register requiring certain housing government sponsored enterprises to establish anti-money laundering programs…
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FHA Fleshes Out Quality Control Plans, Counseling Incentive
by MARC HOCHSTEIN
The agency is developing a new methodology for evaluating underwriting defects to give lenders a better handle on the risk posed by any given flaw in a loan file.
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Contain
Facebook Page Follow Up RESPA Note
by BLISS SAWYER
Clarifying if a gift card giveaway on my business Facebook page is a violation of the anti-kickback section of RESPA.
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Refi Requests Increase from Previous Week: MBA
by KRISTIN BROUGHTON
Mortgage applications increased during the week ending May 9, driven by a jump in requests for refinancings, according to the Mortgage Bankers Association.
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Carrington Adds Va. Branch to Focus on Underserved Borrowers
by AMILDA DYMI
Carrington Mortgage Services has opened its fifth retail lending branch in Virginia as part of its effort to originate more loans to borrowers with lower credit scores.
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Featured Events
Principles of Conventional Underwriting
Instructor-Guided Online Course
Wed, 14 May 2014
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Preparing for a CFPB Examination
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Thu, 29 May 2014
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Advanced FHA Underwriting
Instructor-Led Online Course
Tue, 03 Jun 2014
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Distressed Residential Mortgage Summit
NY Marriott Marquis
Wed, 18 Jun 2014 - Thu, 19 Jun 2014
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Resource Center
Enabling Transformation for the changing Banking Industry
WHITEPAPER
The Banking/Financial Industry has gone through significant changes since the economic downturn.
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11 Mortgage Industry Strategies to Thrive in 2014
WHITEPAPER
Success in the mortgage business has never been simple or easy, but that's especially true today.
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Building Brand Loyalty in Financial Services
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In an industry where brand loyalty is key, banks must work diligently to ensure top-notch service and customer outreach through every one of its channels.
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