Google is resisting demands from states to surrender documents for an investigation into possible anticompetitive practices. Justin Bieber and Twitter CEO Jack Dorsey are among 10.6 million affected by MGM Resorts cyber attack. Meanwhile in mortgage news …
President Trump will nominate Dana Wade to Assistant Secretary for Housing, Federal Housing Commissioner. Wade was the Acting Federal Housing Administration Commissioner and Assistant Secretary for Housing. The Federal Housing Administration has a $1.3 trillion portfolio.
Fannie Mae and Freddie Mac have published a Joint Credit Score Solicitation, which outlines the process for third-party credit score model developers to submit applications to the GSEs.
Freddie Mac announced that a transfer of $9.1 billion of credit risk on $231 billion of single-family mortgagesfrom U.S. taxpayers to the private sector in 2019. In 2020, Freddie Mac anticipates issuing between $12 and $16 billion in Credit Risk Transfer offerings.
The housing industry is upbeat about the spring market now that more construction is on the way. Housing permits surged to a 13-year high.
Despite low rates, mortgage borrowing rates are slowing down. Some worry consumers may be missing out.
Freddie Mac names Donna Corley head of single-family business, which oversees all GSE business relationships with sellers, the performance of its guarantee book, and all sourcing, servicing and business operations. She had filled the role on an interim basis.
How will the National Association of Realtors’ recently approved Clear Cooperation Policy play out? Two industry leaders argue that the pocket listing ban can be good for everyone.