Wed, May 15 2013, 11:09 AM
Lender Processing Services (LPS) has release a new
tool for mortgage servicers that the company says will allow them to "provide
consistent, real-ti...
Fri, May 10 2013, 12:11 PM
Yesterday I was speaking to a group from International City Mortgage (a solid company on the rise, adding their own servicing, selling to the agen...
Thu, May 9 2013, 1:33 PM
Fannie Mae reported today that it had pre-tax income of $8.1 billion in the first quarter of 2013, the largest quarterly results in the company's hist...
Tue, May 7 2013, 11:57 AM
The April edition of Fannie Mae's National Housing Survey revealed increasing optimism in American attitudes toward both housing and the overall eco...
Tue, May 7 2013, 4:15 PM
Fannie Mae
spotlighted the availability of its Servicing Management Default Underwriter TM
(SMDU TM ) today while alerting servicers that use of th...
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 ...
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...
Wed, Apr 24 2013, 1:23 PM
In an attempt to increase public knowledge about the availability of the Home Affordable Refinance Program (HARP) which has just been extended for an...
Thu, Apr 18 2013, 3:58 PM
Fannie Mae's economists note that
economic growth was very choppy during the second half of 2012 because of
inventory swings and the same is expecte...
Tue, Apr 9 2013, 3:07 PM
Fannie Mae's Servicer Total Achievement
and Rewards Program (STAR) hit a new milestone in 2012. For the first time since the award was initiated
in...
Tue, Apr 2 2013, 11:08 AM
Fannie Mae
reported today that the company had an annual net income of $17.2 billion for FY
2012 compared to a net loss of $16.9 billion in FY 20...
Thu, Mar 28 2013, 1:14 PM
The
monthly housing commentary published by Fannie Mae's economists noted some
downsides to the market in early 2013.
Housing starts tumbled in ...
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, 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....
Tue, Mar 19 2013, 12:21 PM
With all the potential change going on with Freddie & Fannie, some states may be taking things into their own hands - or trying to. For example, in Te...
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...
Tue, Mar 5 2013, 11:55 AM
Today, Fannie Mae announced Servicer Total Achievement and Rewards TM (STAR TM )
Program's Scorecard results for 2012. The program measures servic...
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...
Thu, Feb 7 2013, 12:44 PM
Today we have Part 2 of statistics and facts related to Black (African American) History Month. Just as I do for many other significant groups here in...
Fri, Feb 1 2013, 8:24 AM
Fannie Mae said
on Thursday that its Book of Business declined at a compound annual rate of 4.8
percent in December to a value of $3.19 trillion c...
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...
Thu, Jan 24 2013, 11:28 AM
The economists
at Fannie Mae released their first economic forecast of 2013 and introduced their
theme for the New Year, " Transition to Normal ...
Mon, Jan 14 2013, 10:24 AM
Here's a story from Ohio that LO's in other states will find of interest: " Ohio Creates Temporary Loan Originator License." Last month, Ohio enact...
Mon, Jan 7 2013, 9:21 AM
Bank of America has reached agreement on
yet another outstanding legal matter involving defaulted mortgages, this time
with Fannie Mae. This agreem...
Tue, Dec 18 2012, 11:39 AM
Low mortgage rates will continue to aid the housing and mortgage
markets in the New Year as the Federal Reserve continues to purchase $40
billion...
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 ...
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...
Thu, Nov 8 2012, 11:51 AM
Fannie Mae in reporting net income of
$1.8 billion in the third quarter of 2012 from $5.70 billion in net revenue
compared to a net loss of $5.1 ...
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 9 2012, 11:36 AM
Americans responding to the Fannie Mae's
September edition of its National Housing Survey displayed greater optimism
about the housing market , h...
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 (...
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...
Thu, Sep 20 2012, 10:22 AM
Don't do the crime if you can't do the time. Here's a loan officer in
Washington facing 10-14 years for falsifying documents .
Will those in the ...
Tue, Sep 18 2012, 3:25 PM
Fannie Mae's economists are
predicting continued slow growth in the second half of the year. The first half was marked by improvements in
some eco...
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...
Fri, Sep 14 2012, 6:29 PM
Late Friday Fannie Mae gave borrowers
and lenders an alternative to documenting income for Refi Plus loans where
payment increases will be under 20 ...
Wed, Sep 12 2012, 10:21 AM
The U.S. Government now has a $16 trillion deficit. On the other hand, it
made about $12 billion on the AIG stock sale - congrats. To put those numbe...
Wed, Sep 12 2012, 4:20 PM
The September issue of Fannie Mae's Housing Insights says little specific
about housing, focusing instead on changes in average and aggregate ear...
Thu, Sep 6 2012, 11:49 AM
I'll be standing in line Saturday in Austin, TX to enter the UT
football game. For something non-mortgage related, but interesting from a human
natu...
Fri, Aug 31 2012, 11:36 AM
Fannie Mae reduced its Gross Mortgage
Portfolio by $5.86 billion during July to $667 billion and is reducing that
portfolio at a compound annualiz...
Thu, Aug 23 2012, 2:51 PM
Fannie Mae announced on Thursday that 22
of its servicers had produced results in its Servicer Total Achievement and
Rewards TM (STAR) Program for ...
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...
Wed, Aug 8 2012, 3:25 PM
Fannie Mae joined Freddie Mac this
morning in declaring an increased second quarter profit and announcing it would
not request a draw from the ...
Fri, Aug 3 2012, 12:17 PM
What say we end the week with something light, but near and dear to my
heart: stuff . Whether it is my grandfather's army uniform from the
Spanish ...
Tue, Jul 31 2012, 4:08 PM
Freddie Mac said today that it would
be opening up refinance opportunities to borrowers who are not underwater on
their existing Freddie Mac mortgag...
Tue, Jun 19 2012, 1:13 PM
Thanks to
problems in Europe and the slowing of both the US and Chinese economies,
consumer attitudes have plateaued after several months of improve...
Tue, Jun 5 2012, 5:18 PM
Fannie Mae has elevated one of its own into
the role of president and chief executive officer. The Fannie Mae board
of directors announced
the ap...
Thu, May 31 2012, 4:51 PM
The Federal Housing Finance Agency (FHFA) announced a new office to implement its Strategic Plan for Fannie Mae and Freddie Mac Conservatorships and...
