Freddie, Ginnie Drive Monthly MBS Agency Issuance Up
Despite a decline in the monthly issuance of mortgage-backed securities at Fannie Mae, overall agency MBS issuance increased.
Changes Sought to FHLB Membership Requirements
The regulator of the Federal Home Loan Banks is proposing to make some changes to membership eligibility requirements.
Another Solid Month at Fannie Mae
New business rose to the highest level in eight months at the Federal National Mortgage Association, while serious delinquency fell to its lowest level in nearly six years.
BofA Says GSEs Knew What They Were Buying
Bank of America Corp. says the government sponsored enterprises knew what they were getting from Countrywide Financial Corp. and wants a jury verdict that left it with a huge penalty thrown out.
Ginnie Updates ARM Requirements
Issuers of Ginnie Mae mortgage-backed securities will need to modify their disclosure practices on adjustable-rate mortgages.
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.