Freddie Mac

The little-known unit was launched in the wake of efforts by the CFPB and HUD to cut back on fair-lending activities, but the reach of the 10-month-old office is still unclear.

Mortgage Industry Advisory Corp. will collect bids Tuesday on behalf of a seller for a more than $1 billion mortgage servicing rights package that includes securitized loans with alternative remittance cycles.

The Federal Housing Finance Agency has appeared willing to take its own steps to reform Fannie Mae and Freddie Mac, but legislation would be necessary to create an explicit guarantee of the mortgage system.

Presidential candidate Sen. Elizabeth Warren, D-Mass., and another Democratic senator are asking whether Kushner Cos. "may have received special treatment" on a U.S.-government-backed loan of about $800 million.

Despite the Fair Housing Act going into effect 51 years ago, LGBTQ+ still face discrimination when buying a home or applying for a mortgage.

Mortgage rates remained unchanged as investors' concerns over U.S. foreign trade policy, which triggered the previous week's drop, were moderated, according to Freddie Mac.

Director Mark Calabria urged lawmakers to grant the agency chartering authority similar to that of bank regulators to boost competition in the mortgage market.

Prepayment speeds for loans included in agency mortgage-backed securities were up approximately 20% both monthly and annually during May as the decline in interest rates boosted activity, according to Keefe, Bruyette & Woods.

Economic strength bolstered the performance of loans included in commercial mortgage-backed securities with delinquencies improving for the seventh consecutive quarter, according to the Mortgage Bankers Association.

Treasury Secretary Steven Mnuchin was adamant that the Trump administration won’t just let Fannie and Freddie build up their capital buffers and then release the companies. He also said he backed an explicit government guarantee, something only Congress can do.