Fannie Mae has closed a credit risk-sharing transaction, with an international reinsurance company participating in this type of deal for the first time.
Fannie Mae transferred the credit insurance risk for an
The transaction marks Fannie Mae's third credit risk-sharing agreement with reinsurers.
The loan pool contains 30-year fixed-rate mortgages, with loan-to-value ratios of between 60% and 80%. Fannie Mae acquired the loans between April 2014 and August 2014.
President Donald Trump's proposed budget would nix funding for Community Development Financial Institutions in minority heavy areas while expanding it for rural areas.
Atlantic Trust Mortgage was recently dealt another legal blow after a federal judge in Michigan refused to dismiss UWM's All-In lawsuit against the brokerage.
The administration is pitching a $26.7 billion reduction to the regulator's funding for rental assistance, public housing and elderly and disability housing.
Even though Motto Mortgage has 8% fewer open offices than a year ago, executives touted franchise renewals with owners committing to another seven years.
The tool's launch comes as various sources report growth in both serious borrower delinquencies and foreclosure activity over the first few months of 2025.
Industry payrolls wavered in a tepid buying season in which total employment has been better than expected given government cuts.
