Industry bodies form alliance to push for alternative credit scoring model



The National Association of Realtors is teaming up with a number of housing and mortgage trade associations to ask the Federal Housing Finance Agency to enable greater access to mortgage credit by using “alternative credit scoring models”.

The FHFA says HARP will be extended by one more year



The Home Affordable Refinance Program, better known simply as “HARP” is to be extended into next year, Fannie Mae and Freddie Mac announced yesterday.

CAR voices frustration at FHFA’s refusal to increase conforming loan limits



CAR President Ziggy Zicarelli stressed the association’s disappointed with the FHFA’s decision not to raise conforming loan limits for 2016 in a statement issued to the press this week

New FHFA Policy Lets Ex-owners Buy Back Foreclosed Homes



The Federal Housing Finance Agency announced a new policy that will permit some foreclosed home owners to purchase the homes back that they once had lost at fair market value.

3% Down Payments May Be Coming



Fred Watt is the director of the FHFA and is responsible for the oversight of Fannie Mae and Freddie Mac. In October, he announced that he plans to allow 3% down payments mortgages for the many financial institutions that Fannie and Freddie guarantee. He states that his intention is to include more minorities and people […]

FHFA Plans to Ease Lending Standards



Federal Housing Finance Agency Director Mel Watt on Monday announced plans to expand home buyers’ access to mortgages by loosening up lending standards. During the Mortgage Bankers Association’s annual conference, Watt said FHFA will release guidelines “in the coming weeks” to allow increased lending to borrowers with down payments as low as 3 percent. FHFA, […]

With DeMarco out the Way at FHFA, it’s Back to Business as Usual



Whether these policies are “misguided” or “guided by a higher power” ( i.e. wall street bankers), it is clear that the Obama Administration has no intentions of correcting any of the problems that led to the 2008 housing crisis.

The FHFA Bids to Make it Easier to Get a Mortgage



Tight lending conditions have been blamed for hindering the housing recovery, but a series of announcements by the Federal Housing Finance Agency on Tuesday could be the long-awaited easing that many sidelined borrowers had been hoping for.

HARP 2.0 Helping More Homeowners To Refinance



The foreclosure crisis played havoc with real estate markets across the nation, yet some markets were clearly worse hit than others. Now, those areas that suffered the most are leading the nation in refinancings as homeowners look to reduced their monthly mortgage payements and hold onto their homes.

FHFA Announces Two Winning Bidders, With Plans To Continue Bulk REO Sales



FHFA has released some information concerning the results of the bidding for bulk sales of Fannie Mae owned properties. The qualifying process began in the spring, for investment groups that could meet specific FHFA guidelines for capital assets, management capability and other criteria.

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