Jacob Passy is a reporter with National Mortgage News, covering breaking news in the residential mortgage industry. Passy has been with SourceMedia since 2015 and previously served as a breaking news reporter for American Banker. His work has appeared in numerous publications including CNBC, NBC News and the Wall Street Journal's Speakeasy blog. He is a graduate of the CUNY Graduate School of Journalism and Tufts University.
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Economic growth expectations remain the same despite the rate hike the Federal Reserve is expected to announce, Fannie Mae said Wednesday.
By Jacob PassyMarch 15 -
Fannie Mae has begun accepting bids on its second sale of reperforming loans.
By Jacob PassyMarch 14 -
HSBC has met the consumer relief requirements set out under the National Mortgage Settlement, according to the latest report from the settlement's monitor.
By Jacob PassyMarch 14 -
Fannie Mae has chosen the winners of its latest nonperforming loan sales, which included 9,400 loans with $1.68 billion in unpaid principal balance.
By Jacob PassyMarch 14 -
The Department of Housing and Urban Development and Alpine Bank & Trust have reached an agreement to resolve claims that the lender discriminated against African-American and Hispanic mortgage applicants.
By Jacob PassyMarch 10 -
The number of underwater properties nationwide decreased once again in the fourth quarter, CoreLogic reported.
By Jacob PassyMarch 10 -
Attracting millennials and preparing for the rising rate environment are issues on the minds of mortgage executives where staffing is concerned.
By Jacob PassyMarch 10 -
First Financial Network is marketing $80 million in performing and nonperforming residential mortgage loans on behalf of the National Credit Union Administration.
By Jacob PassyMarch 10 -
Mortgage credit availability went up yet again in February amidst an expansion in access to government loans.
By Jacob PassyMarch 9 -
Most millennials who don't own a home plan to buy one in the next five years, but many of those would-be buyers may not be saving enough for their purchase.
By Jacob PassyMarch 9