Category Archives: GSE

Thankful for Higher FHA Loan Limits?

Posted on November 23, 2011 by Nora Brown

FNC’s Morning View callers couldn’t see Bill Rayburn’s pink shirt, pink tie, and yellow ascot on Monday, but he and Bob Dorsey were in a festive mood going into the Thanksgiving holiday weekend.

Bob: We need to talk about important stuff first. Have you got your turkey yet, or are you having a pig this year?

Bill: We got a lot of turkey. We got a lot… Continue reading

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Calm Amid Chaos

Posted on November 15, 2011 by Bill Dabney

Chaos. That’s what some mortgage industry experts are predicting will happen when Fannie Mae and Freddie Mac’s UCDP initiative takes effect next month.

As of Dec. 1 — just over two weeks away — mortgage lenders will be required to upload their appraisals as electronic data via the GSEs’ Uniform Collateral Data Portal (UCDP) for loan applications being delivered on or after March 2012. By now, lenders should not… Continue reading

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OMG I H8T UAD (J/K)

Posted on October 4, 2011 by Nick Wanzenried

For the last few months my life has been consumed by alphabet soup. This is the nickname that many people seem to adopt when first exposed to UADiand UCDPii. My experience with alphabet soup actually stretches as far back as 2009 when we began work on CDDiii. It therefore seemed a bit anticlimactic a month ago when UAD took effect. Almost every partyiv in the appraisal fulfillment vertical has been… Continue reading

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We’ve Got You Covered

Posted on May 31, 2011 by Bill Dabney

In less than a month (on June 27), Fannie Mae and Freddie Mac will begin accepting appraisal reports through an internet portal specifically designed to receive the property information and valuations as electronic data. FNC clients will be ready.

For many months now, we’ve worked closely with the GSEs to ensure that our clients experience a seamless transition when the Uniform Collateral Data PortalSM (UCDPSM) goes live… Continue reading

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Bloggers, Researchers, Economists Examine GSE Housing Reform Options

Posted on March 1, 2011 by Nora Brown

“A growing number of observers are arguing that one of the Treasury Department’s proposed replacements is effectively the same system by another name,” writes Donna Barak in today’s American Banker.

The housing reform plan, presented in February by the Obama Administration and the Department of Treasury, outlines three options for the industry’s future:

1. Privatized system of housing finance with the government insurance role limited to FHA, USDA… Continue reading

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Want a Dodd-Frank Act Crash Course? Read on.

Posted on September 5, 2010 by FNC

About 150 attendees logged into FNC’s Dodd-Frank webinar last week. FNC general counsel Neil Olson and executive vice president of corporate development David Work provided an overview of the new law’s 2,319 pages. First and foremost, the new act has 16 titles and creates 12 new federal regulatory agencies which will be established in the next months. The regulatory agencies include the Consumer Financial Protection Bureau (Title X), the largest… Continue reading

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HUD Gives $7 Billion to City Agencies to Buy Distressed Homes for Affordable Housing

Posted on September 2, 2010 by FNC

The First Look Program launches two weeks just two weeks after Atlanta riots over a lack of low-income housing hospitalized a dozen people. If First Look works, a riot like that will never happen again and thousands of working class and formerly homeless families will have homes they can afford.

Yesterday, the White House announced that $7 billion had been given to housing and community redevelopment agencies across the nation… Continue reading

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Barney Frank says Kill Fannie & Freddie & Other Breaking News

Posted on August 18, 2010 by FNC

The Congressman who cosponsored the sweeping financial reform act told Fox News that he believes Fannie Mae and Freddie Mac should be scrapped. Barney Frank, chairman of the House Financial Services Committee, was asked by Fox Business Network’s Neil Cavuto what role Fannie and Freddie should play in housing markets.

“I think they should be abolished,” Frank replied. “The only question is what do you put in their place. This… Continue reading

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GSE Continues to Move Forward with Collateral Data Delivery

Posted on February 14, 2010 by Shawn Telford

The FNC annual Collateral Management Conference provided an excellent opportunity to discuss the current state of appraisal data delivery initiatives and related dependencies. Senior executives from Fannie Mae, Freddie Mac, FHA and VA were present as well as executives responsible for collateral at the nation’s leading lenders, servicers and management companies.

We learned that the push to have appraisal data delivered to the secondary market, starting with Fannie Mae, continues… Continue reading

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