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Jumbo ARM, Subservicer Products; FHFA/Freddie/Fannie News

In the press, here’s some information on the hit the Fed’s balance sheet has taken give the bond market selloff. And here at the MBA’s annual, some of the talk is about new products and about cost cutting. Yes, lenders are looking for new products, or help in exploring the viability of rolling something new out. For example, at the Capital Markets Committee meeting Sunday, I spent some time with Susan Brown, CMB, Founder & CEO of CoreSGB which helps lenders roll ...
United States Glenn Stearns Susan Brown Freddie Mac Anjelica Nixt Shawn Kaplan

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FHFA to change credit score model for new mortgages

The Federal Housing Finance Agency (FHFA) announced Monday at the Mortgage Bankers Association’s annual conference that it will begin the implementation process for two new credit scoring models for mortgages. This marks the first update to credit scoring models in 20 years and makes homeownership more accessible.
United States Freddie Mac Silvio Tavares Bob Broeksmit Sandra Thompson Fannie Mae

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