The legislation went to Biden early Saturday morning after the Senate voted 85 to 11 to approve the measure, which sailed through the House hours earlier. https://www.nationalmortgagenews.com/articles/biden-signs-spending-deal-that-averts-a-government-shutdown
NextGenMortgage
Unpacking the drivers and costs of GSE repurchase demands
The average cost for a loan seller to buy back a mortgage from Fannie Mae or Freddie Mac for defects is over $32,000, a study from Reggora and Stratmor found. https://www.nationalmortgagenews.com/news/the-leading-drivers-and-costs-of-gse-repurchase-requests
LOs explain how poor communication harms broker partnerships
Loan officers say the main reasons real estate partnerships fall through are poor communication and mismatched expectations. https://www.nationalmortgagenews.com/news/why-communication-is-the-biggest-issue-between-los-and-brokers
Former Treasury official, MBS desk chief joins Freddie Mac
Craig Phillips worked on early efforts to move the government-sponsored enterprises toward a conservatorship exit during the first Trump administration. https://www.nationalmortgagenews.com/news/former-treasury-official-mbs-desk-chief-joins-freddie-mac
Why the life-of-loan FHA premium may be nearing its end
The fiscal condition at the government agency is much healthier today than when the Department of Housing and Urban Development put the policy into effect back in 2013. https://www.nationalmortgagenews.com/news/bill-introduced-to-end-fha-life-of-loan-rule