The Fannie Mae Home Purchase Sentiment Index (HPSI) decreased 1.5 percentage points in July to 86.8, after matching its all-time high in June. The company says the decline can be attributed to decreases in three of the six HPSI components. [Read More]
SharperLending LLC says its 4506-T tax return verification system has been authorized by Fannie Mae as a Desktop Underwriter validation service provider for the Day 1 Certainty program. With SharperLending, mortgage lenders that order a 4506-T tax return verification can [Read More]
The Mortgage Partnership Finance program, originally formed as a business line of the Federal Home Loan Bank of Chicago, has increased dramatically in the post-recession era.
Expectations for 2017 economic growth remain at 2.0% amid a projected second-half slowdown, according to the Fannie Mae Economic & Strategic Research (ESR) Group’s July 2017 Economic and Housing Outlook. With the expansion having entered its ninth year, incoming data [Read More]
Black Knight Financial Services Inc. has announced that its LoanSphere Empower loan origination system (LOS) has been verified by government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac to generate Uniform Closing Dataset (UCD) files. The company says Empower is a [Read More]
Fannie Mae’s Home Purchase Sentiment Index (HPSI) increased 2.1 percentage points in June to 88.3, matching the all-time high from February of this year, according to the government-sponsored enterprise (GSE). The GSE says the rise can be attributed to increases [Read More]
Visionet Systems, a provider of technology solutions and business process outsourcing services, has completed file validation to enable submission of electronic loan data to Fannie Mae’s Uniform Closing Dataset (UCD) collection solution. According to Visionet, its CD2UCD simplifies the delivery [Read More]
More mortgage lenders say they have eased credit standards recently and expect further easing in the coming months, according to Fannie Mae’s second-quarter 2017 (Q2 2017) Mortgage Lender Sentiment Survey. Overall, the share of lenders reporting they have eased mortgage [Read More]
DocMagic Inc., a provider of document production, automated compliance and e-mortgage services, says its technologies are now capable of supporting both phases of the upcoming Uniform Closing Dataset (UCD) requirement. The company’s technology solutions, which have been certified by Fannie [Read More]
According to the Fannie Mae Economic & Strategic Research Group’s June 2017 Economic and Housing Outlook, the current economic expansion is forecast to continue, with full-year growth at 2% for 2017. “This month marks the eighth anniversary of the U.S. [Read More]
Government-sponsored enterprise (GSE) Fannie Mae has announced that MTGLQ Investors (Goldman Sachs), Igloo Series III Trust (Balbec Capital LP) and Rushmore Loan Management Services LLC are the winning bidders for its 10th nonperforming loan sale. According to the GSE, the [Read More]
Applications for refinances could fall as much as 45%, Fannie Mae’s economist team forecasts.