Dennis Hollier

Ironically, providers of attorney opinion letters — an alternative to title insurance — may need insurance to compete with title insurers.

Nearly all of the top 30 GSE sellers managed to increase deliveries to the enterprises in the second quarter, helping drive a 33.1% sequential bump in sales. Even so, year-to-date deliveries were down slightly. (Includes two data tables.)

The data release is a critical step in the enterprises’ long-awaited and controversial transition to a new credit score model.

Two of the new proposed rules are directed at Fannie Mae and Freddie Mac. The other three relate to the Federal Home Loan Banks.

Supporters of the program say the expanded use of second mortgages is a less costly way for homeowners to access their home equity when interest rates are high. But they worry about the pilot’s restrictions.

As soon as July, FHFA plans to issue a proposed rule that would establish standards for the GSEs related to returns on capital for new single-family mortgage acquisitions.

The top five GSE sellers saw their market share jump from 33.5% in the first quarter to 36.7% in the second.

Bank trade groups raised concerns that a recent request for input from FHFA “appears to contemplate significant regulatory action not undertaken at Congress’ direction.”

The disclosures include VantageScore scores from all three credit reporting companies — TransUnion, Equifax and Experian.

The mortgage giant worked with the Housing Assistance Council to estimate the scale of the tangled title problem and begin to look for solutions.