Regulators order mortgage giants to eliminate upfront fees on many purchase loans in order to help first-time homebuyers of limited means, the Federal Housing Finance Agency announced Monday.
Source: Inman News
Fannie, Freddie ordered to slash fees for many first-time homebuyers
Published in Banking & Lending, Bob Broeksmit, Chi Chi Wu, credit scores, fannie mae, fico, FICO 10T, freddie mac, guarantee fees, LLPAs, loan-level price adjustments, Mortgage, mortgage bankers association, National Consumer Law Center, Sandra Thompson, Select, vantagescore and VantageScore 4.0
More from Banking & LendingMore posts in Banking & Lending »
More from Bob BroeksmitMore posts in Bob Broeksmit »
- Democrats seek transparency into Fannie, Freddie ‘reprivatization’
- Trump signs bill curtailing sale of mortgage trigger leads in 180 days
- Dems seek answers on impact of Fannie, Freddie IPO on rates
- Mortgage bankers take a stand against tri-merge credit reporting
- Backers of rival mortgage credit scores wage public relations war
More from Chi Chi WuMore posts in Chi Chi Wu »
More from credit scoresMore posts in credit scores »
- Love is blind, but FICO isn’t: Guiding couples with mismatched credit
- Fannie Mae and Freddie Mac are not accepting VantageScore 4.0
- Mortgage lenders ask for more guidance on VantageScore 4.0
- Fannie, Freddie ordered to accept new VantageScore 4.0 credit score
- Rollout of new mortgage credit scoring models pushed back
More from fannie maeMore posts in fannie mae »
- Democrats seek transparency into Fannie, Freddie ‘reprivatization’
- How a government shutdown would affect real estate agents
- Should they stay or go (down) now? Forecasters are split on where mortgage rates will be in 2026
- Better shares soar on bullish thesis by activist investor Eric Jackson
- Lenders getting a jump on higher 2026 conforming loan limits
More from ficoMore posts in fico »
- Backers of rival mortgage credit scores wage public relations war
- Fannie Mae and Freddie Mac are not accepting VantageScore 4.0
- Fannie, Freddie ordered to accept new VantageScore 4.0 credit score
- Rollout of new mortgage credit scoring models pushed back
- Mortgage lenders gearing up to use more inclusive credit scoring
More from FICO 10TMore posts in FICO 10T »
More from freddie macMore posts in freddie mac »
- Democrats seek transparency into Fannie, Freddie ‘reprivatization’
- How a government shutdown would affect real estate agents
- Lenders getting a jump on higher 2026 conforming loan limits
- Trump asks Supreme Court to remove Fed Governor Lisa Cook
- Fed Governor Lisa Cook can keep her job pending court appeal
More from guarantee feesMore posts in guarantee fees »
More from LLPAsMore posts in LLPAs »
More from loan-level price adjustmentsMore posts in loan-level price adjustments »
More from MortgageMore posts in Mortgage »
More from mortgage bankers associationMore posts in mortgage bankers association »
- Democrats seek transparency into Fannie, Freddie ‘reprivatization’
- Is fall the new spring? Market winds may be shifting, NAR says
- How a government shutdown would affect real estate agents
- Should they stay or go (down) now? Forecasters are split on where mortgage rates will be in 2026
- Lenders getting a jump on higher 2026 conforming loan limits
More from National Consumer Law CenterMore posts in National Consumer Law Center »
- Mortgage bankers take a stand against tri-merge credit reporting
- Mortgage trigger leads will be less crazy, but they ain’t going away
- VA ends key foreclosure rescue program in another setback for veterans and their families
- Court denies CFPB’s request to vacate fair lending settlement
- Groups slam CFPB’s bid to undo fair lending settlement as ‘dangerous’
More from Sandra ThompsonMore posts in Sandra Thompson »
- Backers of rival mortgage credit scores wage public relations war
- Trump administration expands Fannie Mae title waiver program
- Rollout of new mortgage credit scoring models pushed back
- Trump nominates homebuilder scion to oversee Fannie, Freddie
- Mortgage industry vet Diana Reid is first woman to lead Freddie Mac
More from SelectMore posts in Select »
- What real estate agents can learn from TikTok, Tylenol and Disney
- Democrats seek transparency into Fannie, Freddie ‘reprivatization’
- Former agent convicted of swindling woman out of her home
- Is fall the new spring? Market winds may be shifting, NAR says
- I’ve studied real estate marketing for 31 years. Here are 7 essentials for effective marketing campaigns
More from vantagescoreMore posts in vantagescore »
- Mortgage bankers take a stand against tri-merge credit reporting
- Elizabeth Warren calls Pulte out for social media attacks on Powell
- Backers of rival mortgage credit scores wage public relations war
- Fannie Mae and Freddie Mac are not accepting VantageScore 4.0
- Mortgage lenders ask for more guidance on VantageScore 4.0
More from VantageScore 4.0More posts in VantageScore 4.0 »
- Dems seek answers on impact of Fannie, Freddie IPO on rates
- Mortgage bankers take a stand against tri-merge credit reporting
- Elizabeth Warren calls Pulte out for social media attacks on Powell
- Backers of rival mortgage credit scores wage public relations war
- Fannie Mae and Freddie Mac are not accepting VantageScore 4.0
Be First to Comment