Secondary

Freddie Mac’s regulator capped its multifamily production at $26 billion last year.

The sequestration and political wrangling last year meant fewer direct RHS mortgages last year, while the safety of the federal eagle on guaranteed loans appealed to lenders.

There are five Mortgage Industry Equity Composite members which closed 4% or more lower than they did on Jan. 31.

Donovan seeks $5 billion a year to preserve and increase the supply of rentals for extremely low-income families.

The price the bank had to pay related to Countrywide mortgage fraud claims escalated over time, exemplifying the government’s willingness to seek draconian penalties against banks it deems acted intentionally.

Litigants had dropped some objections over the last two years given housing-related improvements in private-label residential mortgage-backed securities performance, according to a Fitch report.

There's an elephant in the room amidst discussions on how to unwind Fannie Mae and Freddie Mac—the two government-sponsored enterprises are now making money hand over fist.

FHA officials believe lenders will qualify more borrowers with sub-680 credit scores via manual underwriting, but there is concern they will simply limit originations to plain-vanilla FHA.

The slide in refinancing brings commitments to purchase new mortgages to its lowest level since June 2011.

The portfolio also has an average loan size of $265,833 and is 100% first lien.