Secondary

The lender and servicer is still in the red but trimmed its expenses, and overall losses, significantly in 2023.

Some mortgage companies had to write down values in the fourth quarter due to increased prepayment risk, but many loans haven't been exposed to that concern.

The Mortgage Bankers Association would like Fannie Mae to move toward the fee-based structure Freddie is testing.

Here's how the former regulator thinks Fannie Mae and Freddie Mac could exit conservatorship and where he sees the residential market headed this year and next.

The momentum created in the fourth quarter is continuing during the first months of this year and is likely to continue throughout 2024, according to Dv01's Vadim Verkhoglyad.

The move follows Freddie Mac's expanded use of bank account data and brings to full fruition an effort both enterprises have been engaged in since 2017.

Reverse mortgage lender Finance of America posted a quarterly profit to end 2023, as it completed post-merger integrations and faced warnings of delisting from the New York Stock Exchange.

The issuance consists of $618 million of securities, primarily senior, but also some in a subordinate position.

Many other organizations have turned to sales of this asset class in order to enhance cash flow or liquidity.

Continued failure to bring Fannie Mae and Freddie Mac out of conservatorship will lead to see-saw mortgage policy every time the White House changes hands, which is against the intent of the GSE statutes that indicate a desire for stable secondary markets, writes the Principal at public affairs firm TVDC.