MBA, FHFA explore single credit report for mortgages
While the Federal Housing Finance Agency (FHFA) under President Joe Biden proposed a transition from a tri-merge to a bi-merge credit report system, the Mortgage Bankers Association (MBA) is now assessing the feasibility of moving to a single credit report for mortgage underwriting. Bob Broeksmit, p
HUD signs agreement with South Korean housing finance agency to spur MBS investment
The U.S. Department of Housing and Urban Development (HUD) and Ginnie Mae on Friday signed a memorandum of understanding (MOU) with a South Korean housing finance authority, with the goal of increasing investment in U.S. agency mortgage-backed securities. The agreement, signed with the Korea Housing
How midsize lenders are surviving the mortgage squeeze
Mortgage veteran Glenn Stearns is taking a different approach with his latest venture. Kind Lending, a national wholesale mortgage lender and his second brainchild, is built on lean operations and a focus on efficiency — a contrast with his first company, Stearns Lending, which filed for Chapter 11
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