FHFA launches resources for lenders serving Spanish-speaking borrowers

borrowers we are not serving for a given State Measure of Success: Identify a population of low-risk borrowers we are currently not serving data: freddie mac, Fannie Mae, and Ginnie Mae acquisition data from 2016 through 2017 Resources: 1 employee, data currently exists and is processed

Single-family delinquencies at Freddie Mac inch down The number of Fannie Mae and Freddie Mac delinquent loans dropped nationally in the second quarter, primarily driven by a decline in seriously delinquent loans. Fannie Mae’s and Freddie Mac’s 60-plus-days delinquent borrowers declined 7 percent during the quarter to the lowest level since the start of conservatorship.

Keynote Presentation: Sandra Thompson, Federal Housing Finance Agency "Freddie Mac is pleased to work with FHFA and Fannie Mae on this language access multi-year plan, as it demonstrates our commitment to help make home possible for today’s borrower and the borrower.

FHFA, Freddie Mac and Fannie Mae have launched Mortgage Translations, a centralized clearinghouse to help borrowers with English language barriers. This clearinghouse of online resources will assist lenders, servicers, housing counselors, and other real estate professionals in serving limited English proficient (LEP) borrowers.

 · HUD Secretary Tours Olneyville and Discusses New Housing Refinance Plan and Neighborhood Stabilization Efforts in Rhode Island. from other lenders, because the FHFA has removed key frictions that have made lenders reticent to offer new refinancing to underwater borrowers. This will mean better rates and lower costs for borrowers. FHFA also.

Loan officers’ online presence is often flawed, study finds In addition, private carriers often assess charges. Chief Insights Officer at Forbes Media, “and make smart use of the post office.” “Industry data, including our latest pitney bowes Global Online.Uncertainty keeping mortgage rates low: Freddie Mac "Mixed economic data and increasing uncertainty are continuing to push rates to the lowest levels in nearly seven months," Freddie Mac Chief Economist Sean Becketti said. Click to Enlarge. (Source: Freddie Mac) The 30-year fixed-rate mortgage dropped to 3.89% for the week ending June 8, 2017.

FHFA Launches Website to Support Limited English Proficiency Borrowers Buying a home can be overwhelming, especially for the more than 25 million people in the U.S. who may not be proficient in English.

CFPB’s Glossary of English-Spanish Financial Terms. Spanish speaking borrowers represent one of the largest growing segments of the mortgage market. These Spanish Language Resources for Servicers can help you serve this market.

Broker News – Skirmish in the Mortgage World PennyMac Financial Services, Inc. (nyse: pfsi) announced the launch of its Broker. that it has lowered its Borrower Paid Mortgage Insurance (BPMI).

Essent’s net income increases 39% on new policy growth Slower price growth helps homebuyers, hurts underwater mortgages Growth should accelerate in 2015 as higher wages spur more spending, construction and investment. The sharp fall in oil prices will slow energy production. The surge in mortgage rates in late.Declining mortgage rates drive refis and new-home purchases Declining mortgage rates drive refis and new-home purchases Mortgage rates descended through the onset of spring’s home buying season, pushing up the share of. Chuck Travis sharedexpansion of our new product offerings and an increase in purchase activity. net interest income declined, primarily driven by the continued.. Approximately 32% and 39% of our multifamily new business.. Changes in the fiscal and monetary policies of the Federal Reserve, Essent Guaranty, Inc.

The lower revenue reflected a drop in net interest income from lower average loans and yields, as well as lower noninterest income due to the gain on the sale of the company’s MasterCard position in.

Washington, D.C. – (October 15, 2018) – The Federal Housing Finance Agency (FHFA), Freddie Mac (OTCQB:FMCC), and Fannie Mae (FNMA/OTC) together announce the launch of Mortgage Translations – a centralized clearinghouse of online resources to assist lenders, servicers, housing counselors, and other real estate professionals in serving limited English proficient (LEP) borrowers.

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