Judge Rules Against Fannie in REO Portfolio Sale Case
Fannie Mae was unsuccessful in its attempt to obtain a dismissal of a federal lawsuit accusing it of keeping a $100,000 deposit that an investor put down in an ultimately unsuccessful bid to acquire real-estate-owned assets.
Ginnie to Rate Issuer Performance
A system that will help enlighten approved issuers about their performance is being implemented by the Government National Mortgage Association.
Huge Sale of Freddie MSRs
A deal has been struck for the sale of mortgage servicing rights on nearly $10 billion in Freddie Mac loans.
GSE Earnings Tumble, Single Family Activity Slows
Annual earnings and single-family secondary activity turned lower at both Freddie Mac and Fannie Mae. But multifamily activity held up.
Ginnie MSRs Up for Bid
A portfolio of mortgage servicing rights on Ginnie Mae loans is being marketed for sale. Prospective buyers have just over a week to act.
$3 Billion in GSE MSRs Up for Grabs
A large portfolio of mortgage servicing rights on government-sponsored enterprise loans and a much smaller offering of MSRs on Government National Mortgage Association loans have hit the market.
PennyMac Better Than Average Jumbo Aggregator
PennyMac Loan Services LLC has received a rating as a better-than-average aggregator of residential jumbo mortgages.
Stonegate Fundings Slip; Staffing, Servicing Climb
Despite growth in servicing and staffing, Stonegate Mortgage Corp. saw a slight decline in quarterly production for the first time in at least three years. Annual originations, however, moved higher.
Ginnie MBS Issuance Modestly Higher
The Government National Mortgage Association lifted monthly securitization activity. The gain would have been more substantial if it weren't for commercial issuance.