Fannie Mae has announced that its recent tender offers for up to $21.04 billion of callable debt securities resulted in a repurchase of $4.16 billion of the securities.The securities were originally issued with European-style one-time call options that have since expired. The government-sponsored enterprise said the offers were part of its effort to maintain a liquid and transparent market for its debt products. Fannie Mae can be found online at http://www.fanniemae.com.
AD Mortgage sent a letter to the FHFA explaining the importance of the limited review process in facilitating access to conventional condo financing.
With margins remaining compressed, Bill Cosgrove sees mortgage industry consolidation continuing in the near future, and Union Home will be a player.
The large nonbank mortgage company is replacing a multibillion-dollar facility it took out last year before the Mr. Cooper and Redfin deals closed.
Lenders are still frequent targets of the class action complaints over unwanted mortgage solicitations, violations that have netted litigants big paydays.
Cities in two southern states dominate the list for real estate, affordability, and quality of life, according to WalletHub.
Jay Farner takes a majority ownership stake in Detroit's professional soccer franchise through the investment group he launched after leaving Rocket in 2023.
