Freddie Mac Settles With Evicted REO Tenant
Freddie Mac has agreed to settle with a woman who was deceived by a fraudulent landlord on a real-estate-owned asset owned by the secondary lender.
Mortgage Credit Tightens to 5-Month Low
After easing to the loosest levels since the financial crisis, credit conditions in real estate finance contracted to the tightest level in five months. Government programs constricted most.
Huge GSE MSR Portfolio on the Market
Bids are being sought for mortgage servicing rights on just over $3 billion in government-sponsored enterprise loans with a four-state concentration.
Record Issuance of Freddie Multifamily Securities
For the second year in a row, the Federal Home Loan Mortgage Corp. has reported securitizing a record level of apartment loans.
MSRs For Sale on Big Portfolio of Agency Loans
Mortgage servicing rights on hundreds of millions of dollars in agency loans with a Midwest concentration are being offered for sale to the highest bidder.
Fannie's Multifamily Lates at Nearly 4-Year High
Serious mortgage delinquency climbed to the highest level in 8 months at the Federal National Mortgage Association. Meanwhile, multifamily delinquency soared to a nearly 4-year high.
Annual Agency MBS Issuance Drops
Despite an increase in securitizations at Fannie Mae, overall issuance of agency mortgage-backed securities fell in the final month of 2017. Annual activity also eased.
Mortgage Firms Make C-Suite Changes
Among several recent C-Suite appointments at mortgage companies have been chief financial officer, chief risk officer and chief marketing officer. A pair of government-sponsored enterprise executives have been recognized among America's most powerful.
Treasury, FHFA Reach Deal for GSE Capital Buffer
An agreement has been struck for the government-sponsored enterprises to maintain a small capital buffer. While the modifications addresses immediate concerns, lawmakers need to come up with a long-term housing finance solution next year.
Feedback Sought For Credit Score Changes at GSEs
People in the mortgage industry are being invited to give their thoughts about changing credit score models that are utilized by the government-sponsored enterprises.