Fannie Mae setting new DTI ratios

Fannie Mae setting new DTI ratios

Written By: Joel Palmer, Op-Ed Writer

As the summer home buying season gets into full swing, mortgage underwriters will soon be able to approve more Fannie Mae-supported loan applications. The upcoming version of Fannie Mae’s Desktop Underwriter (DU) program will include a increase in the maximum allowable debt-to-income (DTI) ratio for borrowers.


Opinion-Editorial (Op-Ed) Disclaimer For NAMU® Library Articles: The views and opinions expressed in the NAMU® Library articles are those of the authors and do not necessarily reflect any official NAMU® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMU®. Nothing contained in this articles should be considered legal advice.

HUD programs face elimination in proposed 2018 federal budget

HUD programs face elimination in proposed 2018 federal budget

Written By: Joel Palmer, Op-Ed Writer

The Trump Administration’s 2018 budget for the Department of Housing and Urban Development (HUD) indicates a desire to continue promoting housing while reducing the federal government’s role on urban development.

Amid a 13 percent reduction in discretionary funding for the department, HUD officials say its proposed budget “continues to support homeownership.”


Opinion-Editorial (Op-Ed) Disclaimer For NAMU® Library Articles: The views and opinions expressed in the NAMU® Library articles are those of the authors and do not necessarily reflect any official NAMU® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMU®. Nothing contained in this articles should be considered legal advice.

GSEs publish plans on making manufactured home mortgages more accessible

GSEs publish plans on making manufactured home mortgages more accessible

Written By: Joel Palmer, Op-Ed Writer

Prompted by a federally mandated “duty to serve” underserved markets, the two government sponsored enterprises (GSEs) have recently released plans to begin better serving buyers of manufactured homes.


Opinion-Editorial (Op-Ed) Disclaimer For NAMU® Library Articles: The views and opinions expressed in the NAMU® Library articles are those of the authors and do not necessarily reflect any official NAMU® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMU®. Nothing contained in this articles should be considered legal advice.

MBA adds to GSE reform debate with detailed plan

MBA adds to GSE reform debate with detailed plan

Written By: Joel Palmer, Op-Ed Writer

Until Congress and the Trump Administration come together to determine the fate of Fannie Mae and Freddie Mac, proposals will continue to be offered and debated by those with a stake in the future of the mortgage industry’s government-sponsored enterprises (GSEs).


Opinion-Editorial (Op-Ed) Disclaimer For NAMU® Library Articles: The views and opinions expressed in the NAMU® Library articles are those of the authors and do not necessarily reflect any official NAMU® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMU®. Nothing contained in this articles should be considered legal advice.

CFPB issues proposal to clarify HDMA updates taking effect next year

CFPB issues proposal to clarify HDMA updates taking effect next year

Written By: Joel Palmer, Op-Ed Writer

In less than eight months, the mortgage industry will have to start complying with a host of new reporting regulations. Yet, neither the industry nor the regulators seem prepared for these changes.


Opinion-Editorial (Op-Ed) Disclaimer For NAMU® Library Articles: The views and opinions expressed in the NAMU® Library articles are those of the authors and do not necessarily reflect any official NAMU® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMU®. Nothing contained in this articles should be considered legal advice.

FHFA issues update on its single security initiative

FHFA issues update on its single security initiative

Written By: Joel Palmer, Op-Ed Writer

Fannie Mae and Freddie Mac are at least two years away from being able to issue a uniform mortgage-backed security to finance fixed-rate mortgages. Last month, the Federal Housing Finance Agency (FHFA) released a report titled, “The Update on Implementation of the Single Security and the Common Securitization Platform.” The 15-page report detailed the progress made and the future timeline toward enabling Freddie Mac and Fannie Mae to issue a uniform mortgage backed security (UMBS).


Opinion-Editorial (Op-Ed) Disclaimer For NAMU® Library Articles: The views and opinions expressed in the NAMU® Library articles are those of the authors and do not necessarily reflect any official NAMU® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMU®. Nothing contained in this articles should be considered legal advice.

Debating the constitutionality of the CFPB

Debating the constitutionality of the CFPB

Written By: Joel Palmer, Op-Ed Writer

While much of Washington, D.C. was busy with the confirmation hearing of a Supreme Court candidate last week, a much less publicized Congressional hearing was taking place that could have a major impact on the mortgage industry. 


Opinion-Editorial (Op-Ed) Disclaimer For NAMU® Library Articles: The views and opinions expressed in the NAMU® Library articles are those of the authors and do not necessarily reflect any official NAMU® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMU®. Nothing contained in this articles should be considered legal advice.

Mortgage delinquencies continue decline; RPL market getting stronger

Mortgage delinquencies continue decline; RPL market getting stronger

Written By: Joel Palmer, Op-Ed Writer

In another sign that the mortgage industry is continuing its strong recovery, a recent report shows that delinquencies are on a decline while positive trends are occurring within the nation’s pool of reperforming loans (RPLs).


Opinion-Editorial (Op-Ed) Disclaimer For NAMU® Library Articles: The views and opinions expressed in the NAMU® Library articles are those of the authors and do not necessarily reflect any official NAMU® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMU®. Nothing contained in this articles should be considered legal advice.

What does the future hold for Fannie and Freddie?

What does the future hold for Fannie and Freddie?

Written By: Joel Palmer, Op-Ed Writer

Following another profitable quarter and strong results for 2016, Fannie Mae and Freddie Mac seem like their strong enough to survive on their own without government conservatorship.  But despite their healthy financials, the future is both organizations is...


Opinion-Editorial (Op-Ed) Disclaimer For NAMU® Library Articles: The views and opinions expressed in the NAMU® Library articles are those of the authors and do not necessarily reflect any official NAMU® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMU®. Nothing contained in this articles should be considered legal advice.

Will President Trump reverse his reversal on FHA premium cut?

Will President Trump reverse his reversal on FHA premium cut?

Written By: Joel Palmer, Op-Ed Writer

President Donald Trump had barely settled into the Oval Office when he reversed an Obama Administration cut on FHA mortgage insurance premiums. A week before leaving office, President Obama announced a cut in...


Opinion-Editorial (Op-Ed) Disclaimer For NAMU® Library Articles: The views and opinions expressed in the NAMU® Library articles are those of the authors and do not necessarily reflect any official NAMU® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMU®. Nothing contained in this articles should be considered legal advice.