Source: https://www.mortgage-underwriters.org/mortgage-underwriting-news/tag/Author%3A+Jane+Harford
Timestamp: 2019-05-22 17:12:44
Document Index: 288111793

Matched Legal Cases: ['art 1', 'art 3', 'art 2', 'art 1', 'art 3', 'art 2', 'art 1', 'art 1', 'art 2', 'art 3']

Library — National Association of Mortgage Underwriters (NAMU)®
Certified in Mortgage Regulatory Compliance (NAMU®-CMRC)
Non-QM Underwriting - "From A to Z"
HARP Ends in 2018 - "What Will Replace It?"
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National Association of Mortgage Underwriters (NAMU)®
FHFA Report Details Progress on 2018 Initiatives
The Federal Housing Finance Agency (FHFA) issued a Scorecard Progress Report last week summarizing the 2018 activities of Fannie Mae and Freddie Mac. The activities summarized in the report are designed to achieve FHFA’s three strategic goals as conservator of the two enterprises, which were established in 2014.
President Trump Issues Memo Calling for Housing ...
President Donald Trump signed a memorandum last week that serves as a key step in lifting Freddie Mac and Fannie Mae out of government conservatorship. The President’s Memorandum on Federal Housing Finance Reform directs the Treasury Secretary to develop a plan for administrative and legislative reforms to achieve a number of housing reform goals.
Freddie, Fannie Expect Stable Housing Market ...
Fannie Mae has lowered its forecast for home sales in the first half of 2019, while Freddie Mac expects modest growth in 2019 due to lower mortgage rates. In its March Outlook, the Fannie Mae Economic and Strategic Research (ESR) Group wrote that it expects the market to rebound in the second half of the year.
FHA Removes a Pair of Single-family Regulations
The Federal Housing Administration (FHA) released a pair of mortgagee letters earlier this month that remove a pair of regulations. The first communication announced the removal of the FHA Inspector Roster. FHA has deregulated the Inspector Roster requirements and will no longer keep an inspector roster.
2019 Expected to be Solid Year for Multifamily ...
Industry experts expect another strong year for the multifamily market. The latest multifamily forecast was released by the Mortgage Bankers Association (MBA). Its 2019 Commercial/Multifamily Real Estate Finance Forecast projects that steady commercial real estate markets and equity and debt availability will keep commercial and multifamily mortgage originations on par with volumes of the past two years.
Author: Jane Harford
Some Of The More Interesting Loans I Have Done Recently...
Written By: Jane Harford
In my many years of underwriting, there are always interesting things that require research, further clarification, getting feedback from third party sources or getting “official” answers from the senior level credit policy folks. Today’s blog deals with some of my experiences over the years and what/how I solved situations that needed to be resolved prior to being able to approve a loan.
Tagged: Author: Jane Harford
Opinion-Editorial (Op-Ed) Disclaimer For NAMU® Library Articles: The views and opinions expressed in the NAMU® Library articles are those of the authors and do not necessarily reflect any official NAMU® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMU®. Nothing contained in this articles should be considered legal advice.
Which Is Harder-HUD Guidelines Or Lender Overlays?
The recent blogs I have been writing have been written based on actual things happening on my job as an underwriter for one of the top lenders here on the East Coast (where I live). Nothing really larger than life has been happening this week at the office, so I decided to write about one of my pet peeves on underwriting loans in these most unusual times in our business….so, my dilemma this week is………………….
FHLMC Commission Income Updates - Part 1
Review of the Closing Disclosure - Part 3
Review of the Closing Disclosure - Part 2
Review of the Closing Disclosure - Part 1
Title Report 101 - Part 3
Title Report 101 - Part 2
Title Report 101 - Part 1
Processing Properties in Disaster Areas - Part 1
Processing Properties in Disaster Areas - Part 2
Processing Properties in Disaster Areas - Part 3
President Trump Issues Memo Calling for Housing Finance Reform
Freddie, Fannie Expect Stable Housing Market for Rest of 2019
2019 Expected to be Solid Year for Multifamily Market
Fannie Mae Increases Small Loan Limit for Multifamily Market
Fannie Mae has doubled the limit on multifamily small mortgage loans, from $3 million to $6 million. In addition, the limit in high-cost markets has been raised to $5 million. Fannie said in a statement that the loan size increase will simplify the small loan definition. It will also provide more opportunities for borrowers to realize the benefits of streamlined third-party report, underwriting, and asset management requirements.
Discussion of GSE Reform Heats up in the New Year
Reform of the government-sponsored entities (GSEs) has been a hot topic since the new year began. Activity reached a peak earlier this month when it was reported that the acting director of the Federal Housing Finance Agency (FHFA), Joseph Otting, indicated that a plan to take the GSEs out of conservatorship was on the horizon.
HUD Releases Shutdown Guidelines for Lenders
The Department of Housing and Urban Development has released guidelines to lenders and borrowers regarding the services available during the government shutdown. The federal government has been shut down for nearly a month. The impact has been felt in the housing and mortgage sector.
How the Federal Government Shutdown is Impacting the Mortgage Industry
The federal government shutdown that began just before Christmas is so far having a minimal impact on the mortgage industry. The National Association of Realtors surveyed its members on the shutdown’s impacts. Of the 2,211 members who responded, 75 percent said the shutdown had so far had no impact on their business.
FHFA Releases 2019 Scorecard for Fannie and Freddie
The Federal Housing Finance Agency (FHFA) released the 2019 Scorecard outlining conservatorship priorities for Fannie Mae, Freddie Mac, and their joint venture, Common Securitization Solutions, LLC (CSS). The scorecard outlines expectations for Fannie and Freddie in the coming year and how they will be graded.
Freddie Mac Report Shows Major Dearth in Housing Supply
The U.S. economy is about 2.5 million housing units below what is needed to match long-term demand. If the current shortage continues, it will result in home prices and rents outpacing income. As a result, household formation will fail to reach its potential.
FHFA Finalizes Amendments to Affordable Housing Program
The Federal Housing Finance Agency (FHFA) has published a final rule amending the Affordable Housing Program (AHP). According to a FHFA release, the final rule provides additional flexibility at the local level for Federal Home Loan Banks (FHLBs) to allocate their AHP funds. It also provides the ability to design their project selection scoring systems to address affordable housing needs in their districts.
Consumers Upbeat about Economy but Less Optimistic about the Housing Market
At a time when the economy is strong, attitudes toward home buying and selling are in decline. Fannie Mae announced last week that its Home Purchase Sentiment Index declined in October to its lowest level in a year.
FHA Announces Updated Guidance on HECM CT-22 Assignment Requests
The Federal Housing Administration (FHA) will now enable HECM servicers to provide alternative supporting documentation when they assign FHA-insured reverse mortgages to the agency for claim payment.
Reports Show Increasing Barriers to Homeownership
A pair of recent reports by the Urban Institute show that mortgages are taking up a greater share of people’s budgets. There also remain barriers to assessing homeownership for low and middle-income people.
Compliance With New TRID Rule Mandatory as of October 1
Compliance with the amended TILA-RESPA Integrated Disclosure (TRID) rule is now mandatory, as of October 1, 2018. Also known as the “Know Before You Owe” rule, the regulation went into effect in August 2015.
Fannie Survey Shows Reluctance to Loosen Mortgage Credit Standards
Despite weakening mortgage demand and negative profit forecasts, fewer mortgage lenders are loosening their credit standards, according to a recent Fannie Mae survey.
Freddie Predicts Slower Home Sales Growth Amid Affordability Challenges
Freddie Mac is the latest entity to forecast a continued slowdown in the housing market, meaning potentially less volume in the near future for mortgage processors and underwriters.
Fannie Lowers 2018 Mortgage Projections
The current state of the housing market caused Fannie Mae to revise downward its projections for mortgage origination this year. But there are a few positive signs in home construction and the multifamily markets.
Treasury Proposes Ways to Streamline Mortgage Industry Regulation
The U.S. Treasury Department has made more than 80 recommendations designed to create a streamlined regulatory environment for mortgage underwriters and processors to use technology more in the mortgage process.
Fannie Mae Introduces EPMI Pilot Program
Fannie Mae has announced a pilot program that will provide mortgage processors and underwriters the ability to offer borrowers an Enterprise-Paid Mortgage Insurance (EPMI) option.
How will GSEs Recapitalize if they are Privatized?
With the Trump administration’s published proposal to reform and reorganize parts of the federal government nearly a month in existence, stakeholders are now debating the nuts and bolts of making the broad ideas become reality.
White House Includes GSE Reform in Government Restructuring Plan
Ten years after Fannie Mae and Freddie Mac entered in to federal government conservatorship, the Trump Administration has submitted a proposal to return the GSEs to the private sector, encourage competition for the GSEs, and provide a government guarantee for mortgage-backed securities (MBS).
NAMU®-CMU CERTIFIED
Sheila A. Stafford
NAMU®-CFMU CERTIFIED, NAMU®-CMQCS CERTIFIED, NAMU®-CMMU CERTIFIED
Susan Lynn Bonesz
NAMU®-CMQCS CERTIFIED, NAMU®-CFMU CERTIFIED, NAMU®-CMMU CERTIFIED, NAMU®-CMRC CERTIFIED
Melanie A. Higbee
NAMU®-CCUP CERTIFIED
Muyan Fan
Julia M. Wong
NAMU®-CMMU CERTIFIED, NAMU®-CCUP CERTIFIED
Schamonda C. Randolph
William E. Kelliher