Composition of New Home Sales Financing Shifts in Third Quarter

Posted October 27, 2016 / No comments

NAHB analysis of the most recent Census estimates concerning sources of financing for new home sales reveals that the composition of mortgages by financing method shifted over the third quarter of 2016. The share of new home sales financed with conventional loans expanded at the expense of FHA-insured and VA-backed mortgages. The shift to conventional mortgages indicates continued

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FormFree chosen to provide asset verification for Fannie Mae

Posted October 26, 2016 / No comments

Lost in all the hubbub about Fannie Mae’s big announcement this week that it would be offering lenders protection from buyback risk, provided the lender uses Fannie Mae’s Desktop Underwriter and Collateral Underwriter tools, was just how Fannie Mae intended to provide lenders with that protection. So how is Fannie Mae going to verify a

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