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Bank of America is continuing to unload large chunks of its mortgage servicing portfolio.
September 21 -
Fannie Mae is telling new seller/servicers that it will cap how much product they can sell to the GSE based on their net worth and other factors.
September 20 -
Who's on the Fannie/Freddie 'High Risk' watch list? Well, we can guess who isn't on it.
September 20
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Home values have been rising the past few months, a good sign for the Federal Housing Administration’s single-family insurance fund, which has been dangling on the edge of insolvency.
September 20 -
In late October $365 billion of mortgage servicing rights belonging to Residential Capital Corp. will be auctioned off to the highest bidder.
September 20 -
Increased volumes have pressed many people and their loan production platforms to a breaking point.
September 19
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A new report from the Federal Housing Finance Agency inspector general on Fannie Mae’s MSR deal with Bank of America also confirms that the GSE tried to buy specialty servicer Litton Loan Servicing.
September 19 -
A law firm that won an $8.5 billion settlement from Bank of America Corp. tied to faulty mortgage bonds said Wells Fargo and Morgan Stanley failed to service $73 billion of similar securities, creating a default.
September 19 -
The Federal Reserve’s decision to purchase $40 billion in agency mortgage-backed-securities a month could hasten the wind down of the government-sponsored agencies’ giant mortgage portfolios.
September 18 -
When Fannie Mae agreed to pay Bank of America $512 million to buy the right to administer 384,000 loans last year, members of Congress questioned the size of the payment to the beleaguered servicer.
September 18



