GSEs

Loan rates moved up slightly from their 2016 lows as anticipation grows of a rate hike this summer courtesy of the Federal Reserve, Freddie Mac reported.

Recent legislative proposals to make piecemeal changes to the government-sponsored enterprises could set broader GSE reform on the wrong path.

FHFA Director Mel Watt also reiterated concerns regarding insurance companies and large bank members, saying that some Home Loan Banks have large exposures to a few individual members.

The Federal Savings Bank in Chicago has partnered with CondoGrade, a local data company, to provide prospective buyers and sellers of condominiums with information about condo associations.

Bank of America Corp.’s Countrywide Financial unit was exonerated of allegations that it sold defective residential mortgage loans to Fannie Mae and Freddie Mac with an appeals court throwing out a judgment against the bank of more than $1.2 billion.

An undisclosed independent mortgage banker is selling a $918.6 million Ginnie Mae bulk residential mortgage servicing rights portfolio.

Presumptive Democratic nominee Hillary Clinton appears likely to embrace a recent plan to merge Fannie Mae and Freddie Mac into a single government corporation if she wins the White House.

Now that it has the green light to expand its role in multifamily housing, Freddie Mac is looking at more ways to shift the credit risk on apartment building mortgages that it insures.

Former Wells Fargo executive Mike Heid was voted onto Fannie Mae's board of directors Wednesday.

Compressed inventory and lackluster homebuyer sentiment thanks to tight credit availability has hindered the housing market from performing at its full potential in April, according to First American Financial Corp.