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.
HSBC Latest to Settle MBS Lawsuit With FHFA
Another settlement has been reached over the sale of shoddy private-label mortgage-backed securities to the Federal National Mortgage Association and the Federal Home Loan Mortgage Corp.
Program Provides Immediate Cashouts on Purchases
A little-known program from the Federal National Mortgage Association enables cash buyers to immediately get a cashout loan on their newly purchased home.
CRE Delinquency at Multi-Year Lows
It's been more than four years since delinquency on securitized commercial real estate loans has been this low, while it's been even longer since performance on Freddie Mac and bank-owned CRE loans has been this good.
Freddie, Ginnie Drive Monthly MBS Agency Issuance Up
Despite a decline in the monthly issuance of mortgage-backed securities at Fannie Mae, overall agency MBS issuance increased.
Changes Sought to FHLB Membership Requirements
The regulator of the Federal Home Loan Banks is proposing to make some changes to membership eligibility requirements.
Another Solid Month at Fannie Mae
New business rose to the highest level in eight months at the Federal National Mortgage Association, while serious delinquency fell to its lowest level in nearly six years.
Town, County Lose Appeals Against GSEs
A federal appeals judge ruled in favor of the government-sponsored enterprises in separate lawsuits filed by municipalities in two different states.