How to gain more from operational risk management practices.
Modern risk management technology solutions improve efficiency and provide greater visibility into risks. Today’s tools provide real-time visibility, action plans, enhanced reporting and business intelligence, and proactive notifications for operational risk. Real-time data empowers banks and financial services organizations to proactively manage risks and instantly detect and mitigate emerging issues. Click here to learn more.
FHFA proposes changes to Seller/Servicer requirements
The Federal Housing Finance Agency (FHFA) has announced proposed updated minimum financial eligibility requirements for Fannie Mae and Freddie Mac seller/servicers. The updated requirements will further strengthen the Enterprises' seller/servicer requirements and provide transparency and consistency of capital and liquidity required for seller/servicers with different business models. A key improvement from the minimum financial requirements established in 2015 is that the new Enterprise standards establish financial requirements for the servicing of Ginnie Mae mortgages.