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Pulte: North Korean and Chinese nationals working at GSEs referred to DOJ
FHFA director Bill Pulte said that Chinese and North Korean nationals were working at the GSEs, and have been referred to the DOJ.
Refinance closing costs vary sharply by state
New York topped the list with average closing costs of 2.1% of the loan amount — nearly three times the national average.
Fannie Mae cues up a $1.3B reperforming loan sale
Fannie Mae this week unveiled its 24th sale of reperforming loans since its first offering in 2016. The current deal is composed of more than 8,000 mortgages.
Excelerate Capital is accelerating its growth in the non-QM market
Excelerate Capital, a long-time non-QM lender with a growing market presence, is looking to create a national lending footprint that will double the lender’s origination volume in 2022.
Like it or not, desktop appraisals are here to stay
In January, Fannie Mae said it would start accepting desktop appraisals, where an appraiser need not perform a walk-through, for some agency-backed loans after March 19.
