Tue, Jul 2 2013, 11:25 AM
The Mortgage Bankers Association of the Carolinas received this question: "Can we close a loan if we discover that the borrower did not sign his/her l...
Wed, Jun 26 2013, 10:34 AM
Freddie Mac's Total Mortgage Portfolio
decreased from an unpaid principle balance (UPB) of $1.949 trillion
at the end of April to $1.944 trillio...
Wed, Jun 26 2013, 9:47 AM
"May a lender decline a mortgage applicant because the applicant
became involved in a lawsuit subsequent to his or her initial loan
application?" ...
Tue, Jun 25 2013, 1:48 PM
Reuters is reporting that a bill will
be introduced today to abolish the two government sponsored
enterprises (GSEs) Freddie Mac and Fannie Mae ...
Fri, Jun 21 2013, 5:49 PM
Mortgage rates have had a far worse week than than you've been told anywhere else, and today was even more freakishly destructive
than the prev...
Tue, Jun 18 2013, 5:43 PM
Mortgage rates have risen sharply over
the last month and Freddie Mac , in its monthly Economic and
Housing Market Outlook for June, focuses on w...
Tue, Jun 11 2013, 10:49 AM
Freddie Mac and Fannie Mae reported
aggregate earnings of about $18.7 billion in FY2012, $12.1 billion of
which was earned in the fourth quarter ...
Fri, May 24 2013, 10:42 AM
Freddie Mac said today that its total mortgage portfolio i ncreased by $951 million in April to $1.949 trillion , an increase of 0.6 percent. This ...
Tue, May 21 2013, 11:13 AM
If you're like me and rest your weary eyes each night by reading the Fair Housing Act of 1968, then you don't need to be told that the act " prohibit...
Thu, May 16 2013, 9:27 AM
"Talent hits a target no one else can hit; genius hits a target no one else can see." Hedge funds and investment banks have a lot of talent, and perio...
Tue, May 14 2013, 10:17 AM
Freddie Mac has opened applications for its new Streamlined Modification program , making it available to all eligible borrowers immediately, six we...
Wed, May 8 2013, 12:46 PM
Freddie Mac is reporting that it earned net income of $4.6 billion in the first quarter of 2013, the second largest amount in the company's history ,...
Tue, Apr 30 2013, 4:05 PM
The Federal Housing Finance Agency (FHFA) has released a progress report on the common securitization infrastructure (CSI) being constructed as a ...
Tue, Apr 30 2013, 3:24 PM
Freddie Mac will be phasing in a new tool over the next few months which is designed to help lenders identify credit, data, and purchase eligibility ...
Mon, Apr 29 2013, 10:59 AM
A key to improving the efficiency, accuracy, and
transparency of the housing finance system is standardization according to Stephen
Clinton , Fredd...
Thu, Apr 25 2013, 11:12 AM
Freddie Mac reported this morning that its Total Mortgage Portfolio increased by 4.0 percent in March to an ending balance of $1.95 trillion . The...
Mon, Apr 22 2013, 9:39 AM
Wells Fargo has decided that it time to embark on a $100 million expansion in Iowa : This is in spite of the industry concerned about less volume an...
Wed, Apr 17 2013, 5:29 PM
Freddie Mac's economists advise readers of its April Economic
and Housing Outlook to look at employment growth over the past few months
rather t...
Wed, Mar 27 2013, 12:06 PM
Freddie Mac has announced a new Streamlined Modification Program that it says will "open a new gateway to mortgage relief for many of American's stu...
Wed, Mar 27 2013, 12:04 PM
The Federal Housing Finance Agency ( FHFA ) says that Freddie Mac and Fannie Mae (the GSEs) assisted 130,000 homeowners with one or more of their ...
Thu, Mar 21 2013, 9:48 AM
Freddie Macs senior economists Frank E. Nothaft
and Leonard Kiefer said
in the company's March Outlook that "the continued strengthening of the econ...
Thu, Mar 21 2013, 9:36 AM
Freddie Mac owned or guaranteed 10.6 million mortgages
that were being serviced by third parties at the end of 2012. Servicer responsibilities incl...
Thu, Mar 21 2013, 3:52 PM
I have a lot of pretty interesting Freddie & Fannie news below , but let's start with this note. "Rob, my ops folks complain about the oddest things....
Wed, Mar 20 2013, 10:16 AM
Freddie Mac has filed a complaint in
federal court in Alexandria, Virginia alleging that 15 banks , including Bank of
America, JP Morgan Chase, UBS...
Fri, Mar 15 2013, 10:37 AM
What is " Jumpstart GSE Reform "? It is a new bill that requires the government to keep its mitts off of gfees. Odds of passage are unknown.
Here's...
Thu, Mar 14 2013, 1:53 PM
The Federal Housing Finance Agency
(FHFA) Office of Inspector General (OIG) has published an evaluation report
detailing Freddie Mac's involvement ...
Tue, Mar 5 2013, 9:48 AM
Edward J. DeMarco announced that the Federal Housing Finance
Agency plans to establish a new entity, independent of Fannie Mae and Freddie
Mac (GSE...
Fri, Mar 1 2013, 11:06 AM
Freddie Mac's net income increased by 55 percent in the
fourth quarter of 2012 primarily due to a decrease in newly delinquent loans
and an improve...
Thu, Feb 14 2013, 4:30 PM
Even with the
unexpected decline in the Gross Domestic Product (GDP) in the fourth quarter of
2012, Freddie Mac's chief economist Frank
E. Notha...
Tue, Feb 12 2013, 5:37 PM
Freddie Mac borrowers who refinanced
in the fourth quarter of 2012 overwhelmingly picked a fixed rate mortgage (FRM)
and 27 percent of them chose ...
Thu, Jan 31 2013, 3:21 PM
Homeowners
whose homes were damaged by the late October super-storm Sandy are getting an
extension of the mortgage relief extended immediately a...
Wed, Jan 16 2013, 12:34 PM
Freddie Mac said today that initial
rates on adjustable rate mortgages (ARMs) are at the lowest recorded levels in
the 29 year history of its AR...
Mon, Dec 10 2012, 9:40 AM
The
compensation paid to executive officers of the two government sponsored
enterprises ( GSEs ) Freddie Mac and Fannie Mae has generated a lot of...
Mon, Dec 3 2012, 11:37 AM
Both Freddie Mac and Fannie Mae
announced today that they are suspending evictions of foreclosed single family
and 2-4 unit properties during the ...
Tue, Nov 20 2012, 11:43 AM
Well, if you can't fix your brakes,
make your horn louder . Odd logic is somewhat humorous. But as any LO or
servicer knows, just because you modi...
Tue, Nov 13 2012, 4:47 PM
Freddie Mac reported on Tuesday that
nearly a third of the borrowers who refinanced their loans in the third quarter
chose new loans with a short...
Fri, Nov 9 2012, 10:32 AM
Paul Kiel of ProPublica has published a serious critique of the Treasury Department's early oversight of the Home Affordable
Modification Progra...
Fri, Nov 9 2012, 1:05 PM
Freddie Mac has declared a mandatory
suspension of evictions and foreclosures on homes secured by mortgages it owns
or guarantees which were affec...
Thu, Nov 8 2012, 12:49 PM
Yesterday the commentary reported on the news that New Traditions
National Bank will become a subsidiary of Old Florida Bancshares, prompting one
pu...
Mon, Nov 5 2012, 5:45 PM
Home ownership, which has already
dropped 2.7 percent since the start of the current housing crisis, is expected
to decline another 1 to 2 percentag...
Tue, Oct 30 2012, 3:14 PM
Homeowners with Freddie Mac mortgages
will get some help if their homes were damaged or destroyed by Monday's massive
storm. The company announce...
Mon, Oct 29 2012, 10:33 AM
Although the credit markets are open until noon EST, and thus rates are
moving, the Fannie Trading Desk spread the word to clients, " Due to
Hurrica...
Tue, Oct 23 2012, 4:36 PM
Freddie Mac is revisiting its economic projections
for the remainder of 2012 and 2013 due to the announcement by the Federal
Reserve of its Maturi...
Tue, Oct 9 2012, 4:36 PM
Monthly settlement for Class A MBS (Fannie/Freddie 30yr Fixed
coupons) and nothing major on the calendar to coax participants back
into the fray...
Fri, Oct 5 2012, 2:23 PM
In February, the Federal Housing Finance Agency (FHFA)
issued a strategic plan for its ongoing conservatorship of Freddie Mac and
Fannie Mae (...
Wed, Sep 26 2012, 10:29 AM
Behind the public face of their business models Freddie Mac
Fannie Mae produce, use, and invest in a variety of products to increase their
profitabi...
Fri, Sep 21 2012, 11:00 AM
"Rob, I'm a new LO in Connecticut. What's the scoop on this news
about loans in my state being more expensive than others for home loans?"
Under the...
Fri, Sep 14 2012, 12:10 PM
Edward J. DeMarco, Acting Director of
the Federal Housing Finance Agency (FHFA) sketched in a broad outline of the
agency's vision for the future...
Tue, Sep 4 2012, 2:59 PM
Freddie Mac has authorized its mortgage servicers to
extend all of the company's mortgage relief options to its borrowers along the
Gulf Coast affec...
Wed, Aug 22 2012, 2:24 PM
This is a frightening statistic, probably one of the most worrisome in
recent years: 25% of mortgage bankers and Realtors in the country are on
medi...