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New final IRS/Treasury regulations defining the source of income from qualified "fails" expands the scope of a temporary regulation related to Treasury fails to agency mortgage-backed securities and debt.
February 22
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United Guaranty Corp., Greensboro, N.C., the nation's third largest mortgage insurer, Tuesday named Kim Garland to be the firm's new president and CEO.
February 21
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The Federal Housing Finance Agency is determined to continue its mission of shrinking the balance sheets of Fannie Mae and Freddie Mac and plans only to add product when the two need to buy delinquent mortgages out of delinquent MBS pools.
February 21 -
All of the major mortgage industry economists are predicting that 2012 will see a decline in originations from 2011. Yet, instead of retrenching, several organizations are predicting increased volume and acting upon that by expanding their retail branch networks.
February 21
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First things first: Yes, I can live on $500,000. Heck, I can live on $250,000 a year. Would I like to run Fannie Mae, the government-controlled mortgage giant? Answer: Sure, why not? But first I have a few stipulations.
February 17
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The Wilbur Ross controlled American Home Mortgage Servicing Inc., Coppell, Texas, has a new name: Homeward Residential to go along with its master plan to become a full service mortgage banking firm.
February 17 -
Mortgage technology and service provider Altisource reported net income of $26 million for the fourth quarter and earnings of $71 million for the full year.
February 17 -
The House and Senate on Friday passed a $150 billion bill that extends a payroll tax reduction and unemployment benefits for 10 months without increasing guarantee fees on Fannie Mae and Freddie Mac loans.
February 17 -
Recently, we called a trader of nonperforming loans who said quickly, "Can't talk right now. Way too busy." Later on we finally spoke and the message delivered was quite clear: the market for underperforming and nonperforming mortgages appears to be gathering steam.
February 17 -
A search firm trying to find a new CEO for Fannie Mae is asking candidates this very basic question: Can you live on $500,000 a year?
February 17
