Fannie Mae and Freddie Mac have announced that their commitment windows remained open Tuesday andwere open Wednesday, 24 hours after terrorist attacks on the World Trade Center and the Pentagon. A Fannie Mae spokeswoman said mortgage commitments were being funded but that volume was lighter thanusual. Fannie Mae canceled a weekly Benchmark Bills auction scheduled for Wednesday, but said issuance of short-termdiscount notes is "ongoing." It was expected that Freddie Mac would also cancel some of its debt sales,but Freddie Mac spokespersons were unclear on this at MortgageWire'sdeadline. Both the secondary giants -- which buy loans from lenders in the primary market, thus providing liquidity-- stressed that it was business as usual Wednesday. Wells Fargo Home Mortgage, Des Moines, Iowa, the nation'slargest retail lender, also said it was business as usual Wednesday, but added that it had closed its Frederick,Md., servicing operation Tuesday in the wake of the attack on the Pentagon and reports of a possible attack onCamp David, which is near Frederick.
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Horton, who stepped back from an executive role at his company D.R. Horton in October, died suddenly on Thursday.
May 17 -
A recommendation to give Ginnie Mae expanded authorities is drawing focus in the reactions to a Financial Stability Oversight Council report on nonbank risks.
May 17 -
The April and May announcements from the U.S. government, down payment assistance firms and lenders on easing the homeownership affordability crunch.
May 17 -
Rohit Chopra, director of the Consumer Financial Protection Bureau, said Friday that the agency will be moving forward with rules and enforcement actions after the defeat of a Supreme Court challenge to the agency's constitutionality.
May 17 -
Roam Boost eases the path for FHA and VA mortgages held by sellers to be assumed by the buyer.
May 17 -
The House Financial Services Committee passed eleven bills, including a Democratic-sponsored bill on homeless veteran housing and a Republican-led package on bank regulation.
May 17