Mel Watt, federal housing financing agency director, said in a speech Monday that Fannie Mae , Freddie Mac and lenders had reached an agreement in principle that could expand access to mortgages for many Americans which is good news for real estate investors.

Meanwhile mortgage data and analytics firm RiskSpan  says in a new study, released at the Mortgage Bankers Association 101st Annual Conference, that the tight credit problem can have ramifications on the slowdown in housing finance, according to a release from PRNewswire.

Watt called the pact, whose details will be revealed in coming weeks,  “a significant step forward” that will “facilitate market liquidity without compromising the safety and soundness” of Fannie and Freddie.

“Those were extraordinary announcements and extremely positive” for lenders, Mortgage Bankers Association President David Stevens told the Wall Street Journal immediately following the speech.

In an article titled Today’s Housing Crisis (http://riskspan.com/news/todays-housing-crisis) published in the MBA’s convention issue Mortgage Banking magazine, RiskSpan presents data and industry viewpoints on the tight mortgage credit conundrum and its perilous impact on the housing supply chain and particularly the first-time homebuyer.
Allen Jones, Managing Director of RiskSpan and author of the article said in the release: “Greater clarity in GSE (government sponsored enterprise) and FHA repurchase and indemnification guidelines can turn this around. With certainty, mortgage bankers can expand the credit buy-box and grow the population of credit eligible first-time homebuyers.”

RiskSpan advises clients how to mitigate operational risks while enhancing their competitive advantage. RiskSpan offers customized services, including process reviews, development of risk and performance scorecards, model governance support, policy and procedure development, and vendor oversight, in order to maximize cost savings and achieve regulatory compliance.

At the MBA Annual Conference in Las Vegas, NV and in meetings with RiskSpan clients, business development leader Brad Davis said in the release, “In today’s environment where complexity and quantification of risk is paramount to ongoing viability, the demand for our services is growing. We have the experience to help our clients navigate through to success.”
As a specialist in the integration of financial applications, required data, and proprietary and commercial models, RiskSpan bridges the gap between business needs and required technology.

[hs_form id=”4″]

Categories | Article | Market & Trends
Tags |
  • Editorial Staff

    We believe in the positive, life-changing impact of real estate investing. Our mission is to help investors achieve their goals to build wealth, better manage time, and live a life full of purpose.

Related Posts

0 Comments

Submit a Comment