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.
Mortgage Lenders Lift Originations, Earnings
As residential loan originations at independent mortgage bankers moved higher, production earnings swung back into the black. But originations and earnings fell short of a year earlier.
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.
Judge Rules RFC Lawsuits Can Proceed
Multiple lawsuits filed by a former unit of Residential Capital LLC against some big-name lenders over repurchase demands have been allowed to proceed.
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.
Ginnie Mae Lifts MBS Issuance 4 Months in a Row
For four consecutive months now, issuance of Ginnie Mae mortgage-backed securities has strengthened -- though annual activity is still set for a steep decline.
Nationstar Affiliate Cutting Mortgage Jobs
A financial services firm is unloading mortgage assets and eliminating mortgage jobs in North Texas. The company is affiliated with Nationstar Mortgage LLC -- which, itself, is laying off North Texas employees.
Mortgage Lenders Report Strong Activity
One mortgage lender has experienced record origination activity thanks to its correspondent division, while another lender that made a recent wholesale acquisition is also reporting record activity.