Cannabis Report
Home > Boards > US OTC > Banking and Finance > Freddie Mac (FMCC)

GSEs’ Marching Orders for 2018 Include Examining Servicing

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
navycmdr Member Profile
Member Level 
Followed By 234
Posts 26,889
Boards Moderated 0
Alias Born 10/11/05
160x600 placeholder
navycmdr Member Level  Tuesday, 12/26/17 12:34:56 PM
Re: None
Post # of 41961 
GSEs’ Marching Orders for 2018 Include Examining Servicing and Appraisals

Tues Dec 26, 2017 ... By Carisa Chappell .. cchappell@imfpubs.com




Fannie Mae and Freddie Mac plan to tackle issues related to mortgage servicing next year as part of their goals for 2018. The Federal Housing Finance Agency released the “scorecard” for the government-sponsored enterprises late last week, outlining specific priorities for the mortgage giants.

The GSEs are expected to assess the current mortgage servicing business model and develop plans to support liquidity in the mortgage servicing market. Based on information from a 2017 joint servicing market survey, the FHFA charged the GSEs to “assess the challenges and potential solutions for improving the borrower experience, expanding liquidity, and increasing efficiency of the servicing market.”

The FHFA also asked Fannie and Freddie to work collaboratively on the servicing initiative with industry members and other stakeholders.

In 2018, the GSEs are also expected to research and plan for modernizing the appraisal process, which could include revised appraisal forms and data requirements. Other highlights in the scorecard report include planning to possibly implement an alternative credit scoring system, continuing to gather information on the single-family rental market and helping the industry prepare for the single security initiative set to be completed in the second quarter of 2019.


Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist