Fannie Mae and Freddie Mac (the “GSE’s”) have issued additional guidance related to COVID-19 in an attempt to address lender’s concerns. The newest guidance from Fannie Mae in an update to Lender Letter 2020-3 provides additional information in the following areas on loans with application dates on or after April 

At Asurity, we are working diligently to respond to the myriad of challenges we are all facing as a result of the spread of the Coronavirus (COVID-19).

Asurity announced on Thursday, April 2, the immediate integration of the 2019 Home Mortgage Disclosure Act (HMDA) Preliminary LAR files made available by the Consumer Financial Protection Bureau (CFPB).

With home values increasing and interest rates nearing all-time lows, lenders can expect to see a growing demand for HELOC programs as homeowners seek to capitalize on the equity they have in their homes.

The Federal Housing Finance Agency announced the process by which Fannie Mae and Freddie Mac plan to transition from the use of LIBOR to SOFR as the standard index rate for adjustable rate mortgage (ARM) loan products.

Institutions reporting 60,000 covered loans in the preceding calendar year were originally required to submit their first quarterly HMDA submissions in 2020 by May 30.

On January 7th, the FTC alleged that a California mortgage broker violated federal law by posting its borrowers’ personal financial information on Yelp.

HousingWire’s annual Tech100 Award, celebrating the 100 most innovative technology companies serving the mortgage and real estate industries, once again recognized Asurity for its market leading mortgage-tech solutions.

Lenders should make sure all their fair-lending policies, procedures, and documentation remain fresh, are actively used, and are effective.

On November 22, the CFPB released its list of regulatory matters that it “reasonably anticipates having under consideration during the period from October 1, 2019 to September 30, 2020.”