New Lender Products; Freddie and Fannie Updates; Rates Moving Higher

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Posted To: Pipeline Press

Rumors continue to swirl about practically every lender out there, and exaggeration is rampant. A company eliminates low producing LOs in Arizona and suddenly the jungle drums are saying it is closing its Southwest division. A middle layer of management is cut, and word on the street has the company shuttering a whole channel. On the flip side, some companies effectively eliminate an entire channel but leave a few personnel in the headquarters for appearance or to close out the pipeline and eventually be jettisoned – to avoid making a formal announcement. Fannie and Freddie Continue to Modify Requirements Remember that the FHFA has a dual role as both regulator and conservator of the GSEs, Fannie Mae and Freddie Mac, and is also regulator of the Federal Home Loan Banks (FHLBanks). The…(read more)

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