Freddie Could Save on Servicer Reimbursements
A government watchdog report indicates that the Federal Home Loan Mortgage Corp. might be able to save millions of dollars by reviewing more servicer reimbursement reports before they are paid.
Fannie Requiring Seller-Servicer Employee Screening
Prospective employees of companies that are approved Fannie Mae sellers or servicers will need to be screened for exclusion from a regulatory list.
Freddie's Total Mortgage Portfolio Expands
Freddie Mac's new secondary business moved higher again, while both residential and multifamily delinquency, once again, moved lower. The firm's massive mortgage portfolio increased.
Agencies, Regulators Missed Taylor Bean Red Flags
A report from the Office of Inspector General Federal Housing Finance Agency found that the housing finance agencies and regulators missed opportunities to avoid losses from the Taylor, Bean & Whitaker Mortgage Corp. debacle.
Goldman Agrees to $3 Billion in Repurchases
The Goldman Sachs Group Inc. has agreed to repurchase more than $3 billion in residential mortgage-backed securities it sold to Fannie Mae and Freddie Mac.
MSRs On Over $5 Billion in Agency Loans for Sale
Two portfolios of mortgage servicing rights on more than $5 billion in agency home loans are on the market. One of the portfolios has far higher delinquency than the other.
GSE Refinances Bounce Up
After sinking in May, refinances of Fannie Mae and Freddie Mac loans bounced higher -- though activity remains anemic compared to a year earlier.
Freddie Changes Seller Approval Requirements
Changes are being made to the approval requirements for subsidiaries of some Federal Home Loan Mortgage Corp. seller-servicers.
Input Sought on Single GSE Security
A single security that would be issued and guaranteed by Fannie Mae or Freddie Mac for trading in the to-be-announced market has been proposed.
Taxpayers Net Over $31 Billion From GSE Bailouts
Earnings at the Federal National Mortgage Association and the Federal Home Loan Mortgage Corp. were down as settlement proceeds diminished. Taxpayers have reaped a $31 billion return from their bailout of the two government-sponsored enterprises.