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A bipartisan group of U.S. senators is putting the final touches on a bill that would liquidate Fannie Mae and Freddie Mac and replace them with a government reinsurer of mortgage securities behind private capital.
June 4 -
Equity Loans has formally announced its entry into the wholesale origination sector.
June 4 -
The Center for American Progress appointed former Rep. Brad Miller, D-N.C., as senior fellow for economic policy.
June 4 -
The yield on the 10-year Treasury note has surged in the past month as some Fed officials have said the Fed could slow bond purchases.
June 4 -
Former Sen. Judd Gregg is trying to balance Wall Street's need to fix its public image with the impulse to protect its livelihood from policymakers.
June 4
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Starting at the beginning of June, servicers will be responsible to manage law firms to handle all new referrals of default-related legal services associated with Fannie Mae mortgages, but Freddie Mac gave servicers two more months to make the transition to some of these guidelines.
June 4
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The settlement ends an effort by International Fund Management of Luxembourg, DekaBank of Germany, and other investors to recover losses.
June 3 -
Wells Fargo chief financial officer Tim Sloan said he doesnt foresee a new housing bubble even as home prices rise at more than 10% annually.
June 3
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A Connecticut real estate attorney and licensed mortgage broker was sentenced to 30 months in prison for his role in a Fairfield County mortgage fraud scheme.
June 3 -
BNY Mellon has responded to a market practices groups recommendation that exposures from forward-settling transactions, inclusive of agency mortgage-backed securities, be margined bilaterally.
June 3
