Secondary

A risk management model revision that decreased single-family loan-loss allowances and a strong mortgage lending environment contributed to consistent earnings results at Fannie Mae in the third quarter.

Recent Fannie Mae and Freddie Mac activities are “not the kind of day-to-day behavior that you would expect from companies” under federal control, the head of the Federal Housing Finance Agency said.

Record originations helped Mr. Cooper Group generate its first full-quarter profit since its formation through a merger between WMIH and Nationstar last year.

Shares in the lender fell after it reported lower third-quarter profits, said nonperforming assets rose and cautioned that it had lost multifamily loan deals to competitors offering easier terms.

Freddie Mac will make haste to leave conservatorship in line with new regulatory directives, but it's uncertain how quickly it can move, CEO David Brickman said in an earnings call.

A lower court “erred” when it sided with Fannie Mae and Freddie Mac’s investors, the Justice Department said in its petition to the high court.

Home lenders will benefit from elevated refinance activity through the first half of next year, but volume may then fall off quickly, according the Mortgage Bankers Association's latest forecast.

The Mortgage Bankers Association's annual convention rolled through Austin, Texas, this year, leaving behind important announcements and implications for the future of the mortgage industry.

VantageScore totaled 12.3 billion scores across consumer credit loan categories over a 12-month period between 2018 and 2019 with minimal mortgage volume, leaving potential for a major ramp up.

When it comes to possible new competitors in the secondary market, the heads of the two current outlets more than welcomed the possibility of additional players in their space because of housing finance reform.