Freddie Mac Portfolio Expands Again
The Federal Home Loan Mortgage Corp.'s massive mortgage portfolio became even more massive for the second month in a row. Meantime, residential delinquency fell to the lowest level in nearly six years.
MSRs on Nearly $5 Billion in GSE Loans Up For Bid
Mortgage servicing rights on nearly $5 billion in loans backed by the government-sponsored housing enterprises are up for sale.
2015 Conforming Limits Released
Next year's loan limits on mortgages sold to Fannie Mae and Freddie Mac have been published and include increases for counties in several states.
GSEs Issue Life-of-Loan Repurchase Relief
Updated guidelines issued by Fannie Mae and Freddie Mac are intended to provide lenders with more certainty that they won't face repurchase demands down the road.
MSRs on Over $1 Billion in Agency Loans For Sale
Bids are being accepted for an offering of mortgage servicing rights on more than $1 billion in agency home loans.
GSEs Add, Lose Executives
Two recent mortgage executive appointments were at the government-sponsored enterprises, while one former GSE executive has become general counsel at a loan servicer.
Fannie Cuts Cashout LTVs
The maximum loan-to-value ratio on refinanced Fannie Mae mortgages that have cashout is being reduced by the secondary lender.
Watt: New Normal Ahead
The head of the Federal Housing Finance Agency told real estate agents and brokers that a new normal is eventually ahead for mortgage lending.
Over Half of GSE Taxpayer Profits From Freddie
In multiple respects, Freddie Mac is in the neighborhood of a third smaller than Fannie Mae. But Fannie is a little less dominant in the race to finance apartment units, while Freddie is responsible for more than half of the nearly $40 billion netted on behalf of U.S. taxpayers to finance both firms' bailouts.
Fannie QC Worksheet Looks at Appraisal Process
Areas addressed in a quality-control worksheet updated by the Federal National Mortgage Association include the appraisal process.