Secondary

Freddie Mac’s approach to the first HARP refinancing program resulted in faster prepayment speeds on its securitized mortgages compared to Fannie Mae MBS, according to a new report from Amherst Securities Group.

A newly negotiated line allows PennyMac to tap Bank of America for up to $300 million.

The Consumer Financial Protection Bureau’s flat fee proposal met resistance from mortgage brokers, loan officers, and consumers who pay discount points.

On Monday, National Mortgage News will publish a story in its paper edition (yes, paper) that says the Federal Housing Finance Agency is working on language that will make GSE loans bullet proof from buybacks if they’ve been current for 36 months.

Everyone needs to tell the truth about appraisal turn times in this period of increased application volume.

Treasury announced that it has amended the preferred stock purchase agreements that the federal government has used to prop up the two government-sponsored enterprises.

The Department of Housing and Urban Development and its auction advisor, DebtX, have set an auction deadline of Sept. 12 for investors to submit sealed bids on $1.7 billion of nonperforming residential loans.

Shortly, the Federal Housing Finance Agency will come out with its parameters on what can – and can’t – trigger a buyback request from their wards, Fannie Mae and Freddie Mac.

Shortly, the Federal Housing Finance Agency will come out with its parameters on what can – and can’t – trigger a buyback request from their wards, Fannie Mae and Freddie Mac.

Among the issues to be considered in creating the right match between lender and provider is culture, capability and flexibility