FHA Proposes New Lender Certification Requirements

FHA Proposes New Lender Certification Requirements

Written By: Joel Palmer, Op-Ed Writer

Mortgage processors and underwriters representing banks may be working on more FHA loans in the near future. Last week, the Federal Housing Administration (FHA) released proposed revisions to its lender certification requirements. The goal of the move is to get more banks to originate FHA loans.


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 Proposes Raising HMDA Coverage Thresholds

CFPB Proposes Raising HMDA Coverage Thresholds

Written By: Joel Palmer, Op-Ed Writer

The Consumer Financial Protection Bureau (CFPB) has proposed raising coverage thresholds for collecting and reporting data about closed-end mortgage loans and open-end lines of credit under the Home Mortgage Disclosure Act (HMDA). The bureau said the new thresholds would help small lenders. The proposed rule change would also clarify partial exemptions from certain HMDA requirements that were added in the Economic Growth, Regulatory Relief, and Consumer Protection Act.


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 Report Details Progress on 2018 Initiatives

FHFA Report Details Progress on 2018 Initiatives

Written By: Joel Palmer, Op-Ed Writer

The Federal Housing Finance Agency (FHFA) issued a Scorecard Progress Report last week summarizing the 2018 activities of Fannie Mae and Freddie Mac. The activities summarized in the report are designed to achieve FHFA’s three strategic goals as conservator of the two enterprises, which were established in 2014.


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.

President Trump Issues Memo Calling for Housing Finance Reform

President Trump Issues Memo Calling for Housing Finance Reform

Written By: Joel Palmer, Op-Ed Writer

President Donald Trump signed a memorandum last week that serves as a key step in lifting Freddie Mac and Fannie Mae out of government conservatorship. The President’s Memorandum on Federal Housing Finance Reform directs the Treasury Secretary to develop a plan for administrative and legislative reforms to achieve a number of housing reform goals.


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.

Freddie, Fannie Expect Stable Housing Market for Rest of 2019

Freddie, Fannie Expect Stable Housing Market for Rest of 2019

Written By: Joel Palmer, Op-Ed Writer

Fannie Mae has lowered its forecast for home sales in the first half of 2019, while Freddie Mac expects modest growth in 2019 due to lower mortgage rates. In its March Outlook, the Fannie Mae Economic and Strategic Research (ESR) Group wrote that it expects the market to rebound in the second half of the year.


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.

FHA Removes a Pair of Single-family Regulations

FHA Removes a Pair of Single-family Regulations

Written By: Joel Palmer, Op-Ed Writer

The Federal Housing Administration (FHA) released a pair of mortgagee letters earlier this month that remove a pair of regulations. The first communication announced the removal of the FHA Inspector Roster. FHA has deregulated the Inspector Roster requirements and will no longer keep an inspector roster.


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.

2019 Expected to be Solid Year for Multifamily Market

2019 Expected to be Solid Year for Multifamily Market

Written By: Joel Palmer, Op-Ed Writer

Industry experts expect another strong year for the multifamily market. The latest multifamily forecast was released by the Mortgage Bankers Association (MBA). Its 2019 Commercial/Multifamily Real Estate Finance Forecast projects that steady commercial real estate markets and equity and debt availability will keep commercial and multifamily mortgage originations on par with volumes of the past two years.


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.

Fannie Mae Increases Small Loan Limit for Multifamily Market

Fannie Mae Increases Small Loan Limit for Multifamily Market

Written By: Joel Palmer, Op-Ed Writer

Fannie Mae has doubled the limit on multifamily small mortgage loans, from $3 million to $6 million. In addition, the limit in high-cost markets has been raised to $5 million. Fannie said in a statement that the loan size increase will simplify the small loan definition. It will also provide more opportunities for borrowers to realize the benefits of streamlined third-party report, underwriting, and asset management requirements.


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.

Discussion of GSE Reform Heats up in the New Year

Discussion of GSE Reform Heats up in the New Year

Written By: Joel Palmer, Op-Ed Writer

Reform of the government-sponsored entities (GSEs) has been a hot topic since the new year began. Activity reached a peak earlier this month when it was reported that the acting director of the Federal Housing Finance Agency (FHFA), Joseph Otting, indicated that a plan to take the GSEs out of conservatorship was on the horizon.


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 Releases Shutdown Guidelines for Lenders

HUD Releases Shutdown Guidelines for Lenders

Written By: Joel Palmer, Op-Ed Writer

The Department of Housing and Urban Development has released guidelines to lenders and borrowers regarding the services available during the government shutdown. The federal government has been shut down for nearly a month. The impact has been felt in the housing and mortgage sector.


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.