Fannie focused on customer-centric initiatives

Fannie focused on customer-centric initiatives

Written By: Joel Palmer, Op-Ed Writer

While regulators and legislators debate the current and future structure of Fannie Mae, the agency has been spending much of 2017 talking about its focus on customers. In the last month, executives from Executive VP Andrew Bon Salle to Chief Financial Officer David Benson have given interviews on the subject of Fannie’s customer-centric initiatives.


Opinion-Editorial (Op-Ed) Disclaimer For NAMP® Library Articles: The views and opinions expressed in the NAMP® Library articles are those of the authors and do not necessarily reflect any official NAMP® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMP®. Nothing contained in this article should be considered legal advice.

CFPB to increase its focus on mortgage discrimination

CFPB to increase its focus on mortgage discrimination

Written By: Joel Palmer, Op-Ed Writer

The Consumer Financial Protection Bureau (CFPB) will be increasing its focus in the next year on ensuring that certain mortgage borrowers don’t face credit discrimination. The CFPB recently released its fifth Fair Lending Report, which summarizes its supervision and enforcement activity in the past year as well as its priorities for the coming year.


Opinion-Editorial (Op-Ed) Disclaimer For NAMP® Library Articles: The views and opinions expressed in the NAMP® Library articles are those of the authors and do not necessarily reflect any official NAMP® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMP®. Nothing contained in this article should be considered legal advice.

When should GSE recapitalization occur?

When should GSE recapitalization occur?

Written By: Joel Palmer, Op-Ed Writer

The future of the two government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac has become the mortgage industry’s version of the classic chicken-and-egg dilemma. 


Opinion-Editorial (Op-Ed) Disclaimer For NAMP® Library Articles: The views and opinions expressed in the NAMP® Library articles are those of the authors and do not necessarily reflect any official NAMP® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMP®. Nothing contained in this article should be considered legal advice.

CFPB proposes amendments to ECOA Regulation B

CFPB proposes amendments to ECOA Regulation B

Written By: Joel Palmer, Op-Ed Writer

The Consumer Financial Protection Bureau (CFPB) wants to give mortgage lenders more flexibility in complying with the Equal Credit Opportunity Act (ECOA) while also clarifying their obligations under the law.


Opinion-Editorial (Op-Ed) Disclaimer For NAMP® Library Articles: The views and opinions expressed in the NAMP® Library articles are those of the authors and do not necessarily reflect any official NAMP® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMP®. Nothing contained in this article should be considered legal advice.

Is the mortgage market ripe for increased fraud?

Is the mortgage market ripe for increased fraud?

Written By: Joel Palmer, Op-Ed Writer

Mortgage underwriters and processors may have to be more diligent in combatting fraud. A mortgage market that encourages more purchases than refinances and enables higher loan-to-value (LTV) ratios will lead to higher incidence of mortgage fraud, according to industry analysts.


Opinion-Editorial (Op-Ed) Disclaimer For NAMP® Library Articles: The views and opinions expressed in the NAMP® Library articles are those of the authors and do not necessarily reflect any official NAMP® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMP®. Nothing contained in this article should be considered legal advice.

Fannie Mae continues to evolve its credit risk transfer program

Fannie Mae continues to evolve its credit risk transfer program

Written By: Joel Palmer, Op-Ed Writer

One of the most significant operational changes of the government-sponsored enterprises of Fannie Mae and Freddie Mac since the federal government assumed ownership is the strategic transfer of credit risk.

A program that started five years ago has quickly evolved into a significant market for credit risk transfer securities. 


Opinion-Editorial (Op-Ed) Disclaimer For NAMP® Library Articles: The views and opinions expressed in the NAMP® Library articles are those of the authors and do not necessarily reflect any official NAMP® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMP®. Nothing contained in this article should be considered legal advice.

Fannie Mae Reports Positive 2016 Results But Warns of Uncertainty Ahead

Fannie Mae Reports Positive 2016 Results But Warns of Uncertainty Ahead

Written By: Joel Palmer, Op-Ed Writer

The news from Fannie Mae’s fourth-quarter and full-year results for 2016 was mostly positive. But the mortgage giant’s earnings report released last week indicated that several risks could prevent it from paying future dividends to the U.S. Treasury.


Opinion-Editorial (Op-Ed) Disclaimer For NAMP® Library Articles: The views and opinions expressed in the NAMP® Library articles are those of the authors and do not necessarily reflect any official NAMP® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMP®. Nothing contained in this article should be considered legal advice.

Impact of FHA Insurance Rates

Impact of FHA Insurance Rates

Written By: Joel Palmer, Op-Ed Writer

Will mortgage processors and underwriters see less volume without FHA insurance rate cut? On the day he took office, President Donald Trump rescinded a cut on the insurance premiums charged on Federal Housing Administration mortgages. Opinions vary on how much the reversal will impact mortgage processing and mortgage underwriting.


Opinion-Editorial (Op-Ed) Disclaimer For NAMP® Library Articles: The views and opinions expressed in the NAMP® Library articles are those of the authors and do not necessarily reflect any official NAMP® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMP®. Nothing contained in this article should be considered legal advice.

What Do Mortgage Closers Earn in Salary and Benefits?

What Do Mortgage Closers Earn in Salary and Benefits?

Written By: Joel Palmer, Op-Ed Writer

The professionals who review the final mortgage loan documents, close loans and disburse funds can expect to earn an average salary in the...


Opinion-Editorial (Op-Ed) Disclaimer For NAMP® Library Articles: The views and opinions expressed in the NAMP® Library articles are those of the authors and do not necessarily reflect any official NAMP® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMP®. Nothing contained in this article should be considered legal advice.

What Do Mortgage Processors Earn in Salary & Benefits?

What Do Mortgage Processors Earn in Salary & Benefits?

Written By: Joel Palmer, Op-Ed Writer

Like with any job, the amount a person earns will also depend on the location, the company employing the processor, the amount of experience possessed...


Opinion-Editorial (Op-Ed) Disclaimer For NAMP® Library Articles: The views and opinions expressed in the NAMP® Library articles are those of the authors and do not necessarily reflect any official NAMP® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMP®. Nothing contained in this article should be considered legal advice.