Fri, Apr 13 2012, 9:52 AM
The
financial industry has taken careful note of former House Speaker Newt Gingrich
writing a $500 check on an account that had no money in it. Bot...
Tue, Mar 27 2012, 12:35 PM
Freddie Mac's total mortgage portfolio
continued to shrink in January and February, contracting at an annual rate of
4.8 percent in January and 3....
Mon, Mar 12 2012, 10:10 AM
Here's
some good news for some: The Financial Times reports that, "The Federal Reserve
is this week expected to pave the way for a
doubling of ban...
Fri, Mar 9 2012, 1:00 PM
Freddie Mac announced that it has posted
a net income of 619 million for the quarter ended December 31, 2011 and total
comprehensive income of 1....
Wed, Feb 22 2012, 10:20 AM
Under the
title, "Too much time on one's hands", anyone involved in the
residential construction/remodeling business might find this, uh, interesti...
Wed, Feb 22 2012, 3:40 PM
In the February Economic Outlook from
Freddie Mac's Office of the Chief Economist is projecting a slow, steady path
to recovery as the economy, it...
Tue, Jan 31 2012, 9:52 AM
Do you
think it takes a long time to have a loan purchased by Wells or MetLife? Try
running the world's longest lab
experiment , begun in the 19...
Tue, Jan 31 2012, 9:44 AM
The
Federal Housing Finance Agency ( FHFA ) issued a statement late Monday refuting a
story from ProPublic and NPR
that a complicated investm...
Thu, Jan 19 2012, 11:21 AM
Adjustable rate mortgages have lost
much of the popularity they enjoyed in the mid-2000s and Freddie Mac's 28 th
Annual Adjustable-Rate Mortgage S...
Wed, Jan 18 2012, 1:57 PM
"Perspectives on the housing market
depend on where you sit ," according to Freddie Mac's U.S.
Economic and Housing Market Outlook
for January. ...
Mon, Jan 9 2012, 9:36 AM
Freddie Mac gave unemployed homeowners who
are struggling to pay mortgages owned or guaranteed by the company a break on
Friday when it eased its t...
Mon, Dec 19 2011, 10:59 AM
If you
have a few seconds, go to Google and do a search on "Let it snow."
There's even a "defrost" button.
I am sure that many originators wish...
Tue, Dec 6 2011, 10:27 AM
A
moderate Pennsylvania senator has offered legislation to end the impasse over
continuing payroll tax cuts that have been in place since the first ...
Fri, Nov 25 2011, 11:23 AM
If you say
"raise up lights" really fast, it sounds like "razor
blades" in an Australian accent.
If you say "VA Funding Fee" really fast, nothi...
Mon, Nov 21 2011, 10:05 AM
Lots of
people in the real estate & mortgage businesses make a lot of money. As we
head toward Thanksgiving, sometimes it is a good thing to remembe...
Mon, Nov 21 2011, 4:31 PM
Freddie Mac's November Economic Outlook
holds some good news for the economy as a whole, but the housing picture
remains relatively bleak. Thir...
Thu, Nov 17 2011, 11:05 AM
Previously delinquent loans that Freddie
Mac was required by contract to repurchase from its Mortgage Participation
Certificate (PC) pools are abou...
Fri, Nov 4 2011, 10:00 AM
Take your
pick: this is really cool, really irritating, or merely mesmerizing. But don't
forget to change your clocks this weekend: http://www.beek...
Thu, Nov 3 2011, 11:59 AM
Freddie Mac will again draw on its Treasury
line of credit following its third quarter results. The government sponsored enterprise (GSE)
release...
Thu, Oct 27 2011, 12:21 PM
In a joint press release issued Wednesday
Freddie Mac and the Federal Housing Finance Agency ( FHFA ) announced that three
members of Freddie Ma...
Fri, Oct 21 2011, 11:18 AM
Tomorrow
is college football day. For you college football fans out there: http://www.robchrisman.com/references/a_and_m_letter.pdf .
And yes, ...
Wed, Sep 14 2011, 10:57 AM
"A
clever person solves a problem. A wise person avoids it." But at this
point, most believe that it is too late to avoid the problems in the mortga...
Wed, Aug 10 2011, 10:29 AM
Freddie Mac released its second quarter financial statement
on Tuesday and showed dramatically better results than its sister enterprise
Fannie Mae....
Thu, Jul 28 2011, 11:36 AM
Heard on
the NPR radio show "Wait, Wait, Don't Tell Me" from Michael Feldman:
"If the US defaults on their debt and our rating is downgraded and the...
Tue, Jul 12 2011, 11:14 AM
Born in the 1800's in California and
Tennessee, my grandparents are long gone - and I never lived with them. But
over the last 20 years, reports the...
Thu, Jun 9 2011, 10:30 AM
"I used to be indecisive. Now I'm not so
sure." But one thing that I am sure of is transparency. Sterne Agee
released prepayment information, impo...
Wed, Jun 8 2011, 11:14 AM
Fun with numbers...In the 2010 Census, for
you reverse mortgage lenders, seven states had a median age of 40 or older:
Maine (42.7), Vermont (41.5),...
Tue, Jun 7 2011, 9:54 AM
How long have you had
your bank account? 5 years - not bad. 10 years - good. 20 years - a loyal
customer. How about since before WWI: DoesThatCome...
Tue, May 17 2011, 12:08 PM
Sometimes you think
things are one way, and they turn out to be different. Just ask Maria Shriver,
who found out about Arnold Schwarzenegger and a l...
Wed, May 11 2011, 10:52 AM
Regardless of what my kids say,
this commentary hasn't been around long enough to have ever been written by
candlelight. But starting next year I wi...
Tue, May 10 2011, 10:31 AM
Yesterday
I went through denial, anger, bargaining, depression, and acceptance - which
are now the 5 stages of buying gas.
Incidents of mortga...
Fri, May 6 2011, 10:37 AM
The driving force behind Mother's
Day was Anna Jarvis, who organized observances in Grafton, W.Va., and
Philadelphia on May 10, 1908. As the annual ...
Thu, May 5 2011, 10:42 AM
Cinco de Mayo does not mark the
discovery of tequila, but instead celebrates the legendary Battle of Puebla on
May 5, 1862, in which a Mexican force...
Thu, Apr 28 2011, 10:32 AM
Fun with
numbers: Freddie Mac's mortgage delinquencies on single-family homes declined
in March from both month- and year-earlier levels. March's de...
Wed, Apr 13 2011, 12:09 PM
Freddie Mac has released its April 2011 Economic Outlook .
Below is a copy of the text. We have taken the liberty of calling attention to a few...
Thu, Mar 24 2011, 11:37 AM
Effective
April 1, servicers managing Freddie Mac loans will no longer be allowed to
foreclose on properties in the name of Mortgage
Electronic Reg...
Wed, Mar 16 2011, 10:34 AM
Lenders that act as both mortgage brokers and mortgage bankers need to pay
attention to this recent court ruling, noted by law firm BuckleySandler .
...
Wed, Feb 16 2011, 11:06 AM
The jumbo market is taking baby steps in the right direction. Redwood Trust Inc .
is marketing a $280 million residential mortgage-backed security,...
Thu, Feb 10 2011, 9:55 AM
The latest comp news comes from the National Association of Mortgage
Brokers (NAMB), which, through a call-in campaign, apparently has
spurred on ...
Wed, Feb 9 2011, 10:50 AM
Some confusion and conjecturing may end on Friday, when the plan for Freddie and Fannie are presented ...
"U.S.
Treasury Secretary Timothy F. G...
Fri, Jan 28 2011, 10:26 AM
We're on to Part IV of the LO compensation series, noting the Fed's
responses to the MBA's questions. Remember that company's individual
policies ...
Tue, Jan 25 2011, 12:14 PM
Fannie and Freddie Foreclosure Inventory Over 240,000 Properties; Fed Responds to Originator Comp Questions; NMLS Uniform Licensing Forms
Thu, Jan 20 2011, 10:59 AM
Realtor Influenced Settlement Costs; The Future of Fannie and Freddie; New Mortagee Letters; Wells Fargo Q4 Loan Production
Wed, Jan 19 2011, 9:57 AM
Freddie Mac Eliminates Streamline Refi Product; Wells Fargo & U.S. Bank Earnings Recap; Plan B for 2011; Lender Bulletins
Wed, Dec 22 2010, 10:50 AM
The "Urgent Need" for National Servicing Standards; CRA Definitions Updated; Freddie Mac Delinquency Data; Basel III Not Too Bad?
Wed, Dec 1 2010, 12:13 PM
If rolling 30 day lates have evolved into a Notice of Default and you are counting down the days until you are "served" with a request to vacate the p...
Wed, Nov 24 2010, 12:15 PM
Lender "Skin in the Game"; More on Freddie's Fee Increase; New Mortgagee Letters; Sponsored FHA Originators; Investor Bulletins
Tue, Nov 23 2010, 11:52 AM
Freddie Mac Hikes Fees on Higher Risk Loans; DU 8.2 Update Coming Soon; Fraud in the Mortgage Business; Free Refi Offer from Chase?
Fri, Nov 19 2010, 10:04 AM
JPM Offloads Chunk of Servicing; HUD's Good Neighbor Next Door; Ambac Buyback Claims; Freddie Appraisal Quality; DU Version 8.2
Thu, Nov 4 2010, 10:58 AM
Freddie Mac Reports $2.5 Billion Q3 Loss; GMAC Increases Govie FICO LLPAs; Treasury Debt Issuance Ahead; Loan Shops Hiring
