Fannie New Biz Highest Since 2013 But Set to Slide (June 1)
New business ascended to the highest level since the fall of 2013 at the Federal National Mortgage Association -- though volume is poised to turn lower. Serious residential delinquency, meanwhile, was at its lowest level since the secondary lender was forced into conservatorship.
Bankruptcy Courts Can't Strip Jr Liens (June 1)
Junior liens held by mortgage lenders can't be voided by a bankruptcy judge just because the borrower is in a negative-equity position, according to a decision from the nation's high court.