Tag Archives: Community Home Lenders of America

Mortgage lenders ask for more guidance on VantageScore 4.0

By | | Uncategorized
Comments Off on Mortgage lenders ask for more guidance on VantageScore 4.0

FHFA Director Bill Pulte is reportedly “on thin ice” with several Trump administration officials over lack of communication on new Fannie and Freddie credit score policy. Continue reading →

Fannie, Freddie ordered to accept new VantageScore 4.0 credit score

By | | Uncategorized
Comments Off on Fannie, Freddie ordered to accept new VantageScore 4.0 credit score

While questions remain about the new policy, FHFA Director Bill Pulte says lenders must still use “tri-merge” process to obtain scores from all three major credit bureaus. Continue reading →

HUD and the FHFA are changing. Here’s everything you need to know

By | | Uncategorized
Comments Off on HUD and the FHFA are changing. Here’s everything you need to know

Workforce cuts, the rescission of Fair Housing initiatives and COVID assistance, and multiple pathways for Fannie Mae and Freddie Mac are all under discussion at the federal housing agencies. Continue reading →

Top Freddie Mac, FHFA executives dismissed in latest shakeup

By | | Uncategorized
Comments Off on Top Freddie Mac, FHFA executives dismissed in latest shakeup

Among those dismissed were Freddie Mac CEO Diana Reid and Head of Human Resources Dionne Wallace Oakley. FHFA COO Gina Cross and HR Director Monic Matthews were placed on leave. Continue reading →

Pulte chair of Fannie, Freddie after 14 board members are purged

By | | Uncategorized
Comments Off on Pulte chair of Fannie, Freddie after 14 board members are purged

Less than a week after being confirmed by the Senate to lead the FHFA, homebuilder scion launches campaign focused on making homebuying more affordable by cutting alleged wasteful spending at the mortgage giants. Continue reading →

Bill Pulte confirmed to lead Fannie and Freddie’s federal regulator

By | | Uncategorized
Comments Off on Bill Pulte confirmed to lead Fannie and Freddie’s federal regulator

Mortgage industry groups support the Trump administration’s picks to lead the FHFA and CFPB, but questions remain about the prospects for dramatic policy shifts at the agencies. Continue reading →

Cap on servicer fees for FHA loan assumptions doubled to $1,800

By | | Uncategorized
Comments Off on Cap on servicer fees for FHA loan assumptions doubled to $1,800

While lenders welcomed the increase, it might benefit homebuyers as well, by giving loan servicers more incentive to process FHA loan assumptions quickly. Continue reading →

Mortgage groups urge FHA to ditch ‘life of loan’ premium payments

By | | Uncategorized
Comments Off on Mortgage groups urge FHA to ditch ‘life of loan’ premium payments

Having just slashed annual mortgage insurance premiums on new FHA loans by 35 percent in March, and with total insurance in force growing faster than reserves, HUD officials show no signs of giving in to long-standing industry demands. Continue reading →

Housing groups including NAR float wonky idea to cut mortgage rates

By | | Uncategorized
Comments Off on Housing groups including NAR float wonky idea to cut mortgage rates

NAR united with lending groups on Thursday to urge the Federal Reserve to maintain its current mortgage holdings in order to narrow a wide “spread” between 10-year Treasurys and mortgage rates. Continue reading →

New mortgage fee won’t debut until after spring homebuying season

By | | Uncategorized
Comments Off on New mortgage fee won’t debut until after spring homebuying season

Industry groups continue to object to a new Fannie and Freddie fee aimed at some riskier borrowers as a burden on lenders and consumers. Continue reading →