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Mortgage banks were more likely than other lenders to see a competitive advantage from the implementation of the TILA-RESPA integrated disclosure rules, according to a survey from Fannie Mae.
May 12 -
Credit access and homeownership for low- to moderate-income families are under siege by the DOJ's overuse of the False Claims Act, as lenders worried about punitive damages discontinue Federal Housing Administration loan programs.
May 11
Baker Donalson -
After the Home Affordable Modification Program ends, servicers will employ myriad proprietary workout options to meet ongoing compliance requirements. But will more discretion in loss mitigation practices create consumer and investor confusion?
May 10 -
Consumer confidence in the housing market rebounded in April from an 18-month low the month prior, Fannie Mae reported Monday.
May 9 -
The Making Home Affordable program has been extended and expanded so many times that it's gotten hard to imagine life without it. But its two primary initiatives have served their purpose and the days may be numbered for HAMP and HARP.
May 9 -
Greystone, a commercial real estate lending, investment and advisory company, is adding two executives to a mortgage bond lending team.
May 9 -
MountainView Servicing Group said Friday that it is the exclusive advisor for the sale of a bulk mortgage servicing rights portfolio with Fannie Mae, Freddie Mac and Ginnie Mae loans.
May 6 -
Redwood Trust posted lower profits for the first quarter of 2016 as a result of falling interest income and the impact of lower interest rates.
May 6 -
Going forward, Fannie Mae will be relying more on loan guarantee fee income from its single-family and multifamily businesses.
May 5 -
Mortgage rates are now hovering just above their low point for the year, according to Freddie Mac.
May 5 -
Borrowers who have defaulted in the past are generally considered to be a bigger risk than those who have never missed a payment. Yet the early performance of bonds backed by rehabbed residential mortgages is pretty strong.
May 5 -
Fannie Mae will make a $919 million dividend payment to the U.S. Treasury Department after reporting a first-quarter profit driven by fees for guaranteeing loans against default and credit-related income.
May 5 -
PHH Corp. reported a first-quarter loss of $30 million, which included a $10 million pretax adjustment to the value of its mortgage servicing rights.
May 4 -
Social Finance Inc., whose loan originations have been concentrated in the non-qualified mortgage space, will now offer conforming products after receiving Fannie Mae seller/servicer approval.
May 4 -
The Federal Housing Finance Agency announced Wednesday it had raised a cap on the amount of multifamily loans Fannie Mae and Freddie Mac can buy from lenders, boosting it to $35 billion effective immediately.
May 4 -
Freddie Mac's second quarterly loss in less than a year makes it clear profitability is getting tougher as it shrinks. But it's a concern that must be weighed against more long-term efforts to reduce Freddie's overall credit risk exposure.
May 4 -
Industry groups are urging the Federal Housing Finance Agency to end the sweep of profits of the GSEs so that Fannie and Freddie can rebuild capital.
May 3 -
Freddie Mac won't make a dividend payment to the Treasury Department after declining interest rates and widening spreads on investments triggered a $354 million first-quarter loss for the mortgage finance giant.
May 3 -
A federal judge approved Goldman Sachs Group's $272 million settlement with investors who claimed the bank misled them about the safety of billions of dollars worth of residential mortgage-backed securities.
May 2 -
Servicing rights are high-yielding assets, making them attractive investments for hedge funds, real estate investment trusts and banks.
May 2






