Fannie Revising 3rd-Party Asset Verification Policy
The Federal National Mortgage Association is changing its policy on the utilization of third parties to verify assets.
Fannie Drives Up Agency MBS Issuance
September turned out to be the best month so far this year for issuance of agency mortgage-backed securities thanks to a surge in activity at Fannie Mae.
MSRs on Fannie Loans For Sale
Bids are being accepted for mortgage servicing rights on Fannie Mae residential loans that have a concentration in Texas.
Nearly 1 Million HARP Refinances Over 100% LTV
Monthly refinance activity on government-sponsored enterprise loans was little changed. While government-supported refinances are at their lowest level in more than five years, upside-down borrowers who have successfully refinanced through the program are nearing 1 million.
Mortgage Delinquency Up At Banks
Banks and thrifts continued to reduce the size of their mortgage servicing portfolios and make improvements on home loan performance.
Fannie COO Departing
The top operations executive at the Federal National Mortgage Association has advised the government-controlled company of his impending departure.
How Ginnie Differs from GSEs
In addition to its guarantee structures and servicing responsibility, Ginnie Mae differs from its secondary step-cousins in the size of its ranks.
US Says Plenty of Evidence Countrywide Lied to GSEs
Bank of America Corp.'s attempt to avoid a more than $1 billion penalty from a federal lawsuit is being opposed by the government, which says it presented more than enough evidence to support the decision.
Agency MSRs Up for Grabs
Residential loan servicers that are interested in growing their portfolios have an opportunity to do so through an ongoing source and a bulk purchase.
GSEs Weren't Ready for New Reps & Warranties Framework
A watchdog report says that the Federal Housing Finance Agency jumped the gun when it required Fannie Mae and Freddie Mac to implement a new representation and warranty framework -- exposing both companies to unnecessary risk.