Economy

Fannie Mae has transferred the credit risk on a $12 billion pool of mortgages to reinsurers.

Cenlar FSB, the nation's largest mortgage subservicer, will open a loan-servicing center in Tempe, Ariz.

Interest rates on 30-year fixed-rate mortgages fell slightly during the week ending Nov. 19, as the market and investors have mixed opinions on whether the Federal Reserve will raise interest rates next month, according to Freddie Mac.

From single-point-of-contact requirements to the need for better self-service options, servicers surveyed by National Mortgage News are taking a much-needed hard look at the full range of customer touch-points that they operate.

renters, down payment, Freddie Mac, home buying

Mortgage applications rose from the previous week despite a nearly across-the-board increase in interest rates, according to the Mortgage Bankers Association.

A joint venture formed by a regional credit union trade group and a loan servicer has a simple mission: to help small credit unions that lack expertise in SBA lending jump into the booming 7(a) market.

New homebuilding declined more than projected in October, led by a slump in apartment construction and showing fitful progress in residential real estate.

Delinquencies on residential mortgages in the third quarter declined on a national recovery in housing prices and other factors, according to the Mortgage Bankers Association.

Confidence among homebuilders eased in November from a decade-high, indicating some cooling in the housing market.

The House approved a bill Monday night capping pay for Fannie Mae and Freddie Mac's top executives, sending the measure to President Obama's desk to be signed into law.

The chief executive officers of mortgage giants Fannie Mae and Freddie Mac are set to receive a multimillion-dollar pay cut.

Corporate culture can be a powerful tool for a good leader — and a poison pill for a bad one.

Center Street Lending in Irvine, Calif., has expanded into new lending products to help investors in the rental real estate market.

TD Bank USA plans to hire additional mortgage lenders as it seeks to expand its mortgage business in the Northeast U.S.

Mortgage delinquency rates continued their double-digit yearly declines in the third quarter, according to TransUnion.

The Federal Housing Administration reported better than expected financial results on Monday, with the ratio of reserves to guaranteed loans soaring past its minimum threshold to reach 2.07%.

Mortgage applications for new homes accelerated in decline in October.

LoanDepot, a fast-growing mortgage lender founded after the U.S. housing bubble burst, aborted a plan to sell as much as $540 million of stock to the public, hours before it was scheduled to set a price.

Fannie and Freddie are irredeemable failures, which must be abolished as the first step in any type of housing finance reform — if current and former officials of the U.S. Department of the Treasury are to be believed.