Guild pushes GSEs to scale residual income analysis

Guild Mortgage is advocating for Fannie Mae and Freddie Mac to adopt residual income analysis at scale through ongoing conversations and data sharing. The California-based lender has used this model since 2022 in its “Complete Rate Program” that’s available for government loans. Because Guild retain

Mortgage Mix: Applications Rise Despite Higher Rates; Fannie Mae Projects Lower Loan Origination

Editor’s Note: The Mortgage Mix is RISMedia’s biweekly highlight reel of need-to-know mortgage-industry happenings. Watch for it every other Friday afternoon. – Mortgage rates ticked up slightly during the second week of June, from 6.48% to 6.52% per findings from Freddie Mac, but mortgage applicati

Trump Administration Moves To Make Prefab Homes Easier To Build in Factories

The U.S. Department of Housing and Urban Development is aiming to update definitions for manufactured housing, in a bid to make prefab homes easier to build. HUD released a proposed rule on Friday morning that would revise certain definitions of manufactured housing. The reinterpretation of the rule

How To Spot Mortgage Assistance Scams—as FTC Releases $3 Million in Refunds to Victims

Nearly 2,000 homeowners are set to receive refunds after the Federal Trade Commission announced it would return nearly $3 million to those who were defrauded by a widespread mortgage relief scheme. The refunds are tied to a February 2024 federal court ruling that found mortgage relief company Home M