Fannie Mae And Freddie Mac Will Update Uniform Residential Loan Applications In November 2020 The Federal Housing Finance Agency announced three years ago that they were changing the Uniform Residential Loan Applications used by the lending industry. It will the first change in 20 years. The GSEs later dictated that lenders would be required to […]
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FHFA Abandons Plans To Create Alternative Credit Score For GSEs. Agency Decides To Right New Credit Score Rules The Federal Housing Finance Agency is abandoning plans of creating a new credit score for homeowners. Instead, the agency will instead begin creating new regulations for lenders. As a result, they have requested providers of alternative credit scores to submit
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Fifth Circuit COA Ruled Government Regulator Federal Housing Finance Agency Is Unconstitutional The Court of Appeals for the Fifth Circuit ruled this week that the Federal Housing Finance Agency is not constitutionally structured. The Federal Housing Finance Agency or FHFA is the oversight for Fannie Mae and Freddie Mac. The government created the FHFA was in
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Federal Housing Finance Agency Says It Wants An Alternative To the FICO Credit Scoring System Federal Housing Finance Agency Director Mel Watt is looking at an alternative to the FICO credit scoring system. Yet, he told the Mortgage Bankers Association not to hold their breath waiting for Fannie Mae and Freddie Mac. Watt said that the Federal Housing Finance Agency is seriously
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Mortgage Fraudster Pleads Guilty To Submitting Bogus Loan Applications In A $6 Million Dollar Mortgage Fraud Scheme Mortgage fraudster Miguel LaRosa pleaded guilty before U.S. District Judge Susan D. Wigenton in Newark federal court. LaRosa pleaded to one count of conspiracy to commit wire fraud. The mortgage fraudster confessed to submitting bogus loan applications as part
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