Secondary markets

The Government National Mortgage Association has loss reserves of roughly $357 million.

Fannie is seeking to require banks and other mortgage servicers to replace existing force-placed policies on loans it guarantees with insurance provided by a consortium of carriers offering 30% to 40% discounts.

Martin Pfeiffenberger gives back to his industry and his community through his commitments.

Not only is FHA hiking premiums, but it will prevent all new mortgagors (going forward) to cancel their MI policy even if the loan-to-value ratio improves during the life of the loan.

During the first nine months of 2012 the Chicago Federal Home Loan Bank processed $4.5 billion of MPF Xtra loans for Fannie, compared to $1.5 billion during the same period in 2011.

The Government National Mortgage Association earned $610 million for the year ending Sept. 30, compared to $1.18 trillion in fiscal year 2011.

“We cannot continually buy more securities and create more bank reserves without jeopardizing our inflation goal,” said Federal Reserve Bank president Jeffrey Lacker.

Fannie Mae and Freddie Mac are now cash cows. But where will that money ultimately wind up?

There is not a set time frame for the specified pool data to go live, but it has been approved and will be moving forward.

The American Bankers Association has lined up Stonegate Mortgage Corp. to serve as a secondary market investor for its mortgage cooperative, Community Bank Mortgage.

Recriminations about what caused the greatest mortgage meltdown in U.S. history continue to play out in various ways.

Interthinx has expanded its suite with a new MERS compliance audit service.

Almost $700 billion of mortgage servicing rights are in some stage of auction or sale.

Lenders on the deal include First Republic, Fremont, Prime Lending, Flagstar, WL Bradley and Cornerstone Mortgage.

Wingspan Portfolio Advisors, a once-fast-growing specialty servicer that does business with the GSEs and other clients, is laying off almost 460 workers, according to a notice it filed with the Texas Workforce Commission.

Lawsuits that charge Goldman Sachs and Deutsche Bank with misleading mortgage investors may proceed.

Within the next few days a crucial audit will be released on the FHA’s mutual mortgage insurance fund, but recent figures released by the agency indicate that late payments are headed in the wrong direction.

The total structural damages from the hurricane may be twice as high as the amount insurance covers, and insurance rates will likely increase.

John Getchis is looking at ways to continue efforts to improve Ginnie Mae's securitization efforts in line with its mission.

Allonhill laid off roughly 10 full-time appraisers because of a cutback by one of its mortgage clients.