FHFA Adds Deferral Option for Borrowers
The Federal Housing Finance Agency has added a payment deferral option for borrowers who had requested forbearance on mortgages through Fannie Mae and Freddie Mac.
FHFA Offers Mortgage Servicers Fix for Liquidity Issues
The Federal Housing Finance Agency will limit how many missed payments mortgage servicers need to advance on Fannie Mae and Freddie Mac loans in a move that the agency said would address mortgage liquidity concerns.
Conforming Loan Limit in Greater Boston Will Hit $690K in 2020
The maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac will increase in 2020.
Treasury Unveils Plan to Privatize Fannie Mae, Freddie Mac
The Trump administration has unveiled its plan for ending government control of Fannie Mae and Freddie Mac, the two giant mortgage finance companies that nearly collapsed in the financial crisis 11 years ago and were bailed out at a total cost to taxpayers of $187 billion.
Credit Score Reporting Changes Impact Borrowers’ Creditworthiness
Tax liens, civil judgements and unpaid medical bills will no longer be counted against consumer credit scores, as of July 1. Lenders and originators have long used credit scores as part of the mortgage application process and will continue to do so, they say, despite the change
