Freddie Mac added more than $12 billion in mortgage assets to its investment portfolio in August, while its issuance of guaranteed mortgage-backed securities fell slightly to the lowest level since December.At the end of August, Freddie's retained portfolio totaled $732.2 billion. Freddie's regulator recently raised its portfolio cap to $735.0 billion and $742.4 billion for the third and fourth quarters, respectively. The Office of Federal Housing Enterprise Oversight raised the cap, allowing Freddie greater flexibility in helping troubled subprime borrowers refinance their loans. Freddie's monthly activity report showed very little sales activity in its investment portfolio, which included $374.6 billion in Freddie-guaranteed MBS and $239.0 billion in private-label MBS. Portfolio liquidations are running at $12 billion to $15 billion a month. The secondary-market agency also reported the issuance of $35.3 billion in guaranteed MBS and structured securities in August, down slightly from $35.5 billion in July. Freddie Mac can be found online at http://www.freddiemac.com.
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Retail lenders, including Beeline, Tomo Mortgage and Rocket Mortgage, settled with the department over infractions like submitting a false certification to not having the proper liquidity to be in the program.
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A pair of bills, one with bipartisan support, look to address the issues around heirs' property so these families can have clear title on their homes.
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The agreement, in which the real estate giant admits no wrongdoing, will cover around 70,000 agents.
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Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
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Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
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