Prison for Mortgage Broker Who Deceived Investors
A former mortgage broker out of Northern California has been sentenced to three years in prison by a federal judge for allegedly deceiving note investors on bridge loans.
Lending Off at Guaranteed as Servicing, Staffing Up
Among the first firms to report third-quarter mortgage originations was Guaranteed Rate Inc., and business was down. But servicing and staffing grew.
More Than $300 Mil in Distressed Freddie Loans Sold
The sale of more than $300 million in deeply delinquent Freddie Mac residential loans has been completed.
Over $1 Bil in Distressed Fannie Loans On Market
More than a billion dollars in severely delinquent Fannie Mae residential loans are being marketed for sale.
Secondary Offering Includes Whole Loans, REO
A portfolio of performing and non-performing residential loans that are currently included in a mortgage securitization is on the market.
Fannie, Freddie Ease Repurchase Policies
Changes to Fannie Mae's and Freddie Mac's representation and warranties framework are intended to increase home lending by primary lenders.
MSRs on Small Fannie Mae Portfolio For Sale
Mortgage servicing rights on a small portfolio of loans backed by the Federal National Mortgage Association are being marketed for sale.
GSE Helps Drive Up Mortgage Credit Availability
Mortgage credit conditions eased slightly last month, and it was affordable government-sponsored enterprise offerings that led the improvement.
Annual MBS Issuance Soars at Ginnie, Jumbo Triples
Issuance of Ginnie Mae mortgage-backed securities jumped more than 40 percent in its latest fiscal year, with jumbo issuance more than tripling.
MSRs on $4 Billion Ginnie Portfolio Up for Bid
Buyers of mortgage servicing rights have an opportunity to make a bid for MSRs on more than $4 billion in Ginnie Mae loans.