Serious mortgage defects have been on the rise ever since the implementation of TRID in October 2015. Now, finally, they’re on the decline again
Democratic lawmakers have been harshly critical of the nomination of Dr. Ben Carson to head up HUD, citing the retired neurosurgeon’s lack of expertise. But housing industry leaders are taking a more hopeful view
To prevent the subterfuge and unrestrained greed that ruled the secondary mortgage market in the days before the credit crunch and the housing market crash, the United States Federal Housing Finance Agency (FHFA) is working on a new, transparent system that will consolidate all mortgage-backed securities into a single platform that will include Fannie Mae and Freddie Mac.
Membership is very close to falling below the 1M threshold (1,005,838) for the first time since 2003.