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 »
- Dr. Shani Mott spent her last days fighting for housing equality
- Mortgage tech provider Polly launches new intelligence platform
- Best time to list a home? With high mortgage rates, it’s tough to tell
- NYCB’s surprise $2.7B Q4 loss rekindles regional bank fears
- With $15M goal, Knock turns to ‘everyday’ investors
More from Bob BroeksmitMore posts in Bob Broeksmit »
More from credit scoresMore posts in credit scores »
- New credit scores from FICO, VantageScore gaining traction
- The end of credit scores? The best ideas from Zillow’s Hackathon
- Homebuyers with lower credit scores pay hundreds more: Study
- Equifax ‘coding issue’ possibly skews thousands of mortgage credit scores
- New study shows true impact of credit scores on mortgage rates
More from fannie maeMore posts in fannie mae »
- Consumer housing sentiment drops for first time since November
- Biden’s relaxed new Freddie, Fannie refi requirements irk title industry
- New rules for scoring mortgage borrowers coming in Q4 2025
- Strength in home prices helped boost Fannie, Freddie 2023 profits
- New credit scores from FICO, VantageScore gaining traction
More from ficoMore posts in fico »
More from FICO 10TMore posts in FICO 10T »
More from freddie macMore posts in freddie mac »
- Biden’s relaxed new Freddie, Fannie refi requirements irk title industry
- New rules for scoring mortgage borrowers coming in Q4 2025
- Strength in home prices helped boost Fannie, Freddie 2023 profits
- New credit scores from FICO, VantageScore gaining traction
- Mortgage giants offering very low income homebuyers a spring break
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 »
- Industry gets some clarity on mortgage commission rules
- Homebuyers rush to lock as mortgage rates hit new 2024 highs
- Instead of cutting rates, what if the Federal Reserve raises them?
- Canada easing mortgage terms for first-time new homebuyers
- Billionaires brawl as everyone else just tries to get by: The Download
More from mortgage bankers associationMore posts in mortgage bankers association »
More from National Consumer Law CenterMore posts in National Consumer Law Center »
More from Sandra ThompsonMore posts in Sandra Thompson »
- Biden’s relaxed new Freddie, Fannie refi requirements irk title industry
- Regulator rescinds new Fannie, Freddie fee for riskier borrowers
- Fannie and Freddie’s fees going up Monday despite lender objections
- Mortgage, tech experts invited to brainstorm ideas at ‘TechSprint’
- Senate narrowly confirms Sandra Thompson to lead Fannie, Freddie regulator
More from SelectMore posts in Select »
More from vantagescoreMore posts in vantagescore »
Be First to Comment