Google+
  • Ocwen2.80
  • Zillow48.18
  • Trulia47
  • NationStar17.78
  • CoreLogic43.36
  • RE/MAX56.70
  • Fannie Mae2.35
  • Freddie Mac2.26
  • Wells Fargo53.16
  • CitiMortgage64.23
  • Bank of America23.27
  • Fidelity National Financial44.52
  • First American45.22
  • Black Knight Financial Services40.05
  • AUDUSD=X0.7608+0.0026 +0.3376%
  • USDJPY=X112.0720-0.1940 -0.1728%
Home | News | Secondary Market (page 3)

Reform is on the Horizon: Watt & Mnuchin Assess

Fannie Mae Freddie Mac BH

The status quo for Fannie Mae and Freddie Mac will be changing according to Treasury Secretary Steven Mnuchin. He and FHFA Director Melvin Watt separately addressed the state of the GSEs Thursday. Watt explained that reforms during conservatorship need to be kept in mind when addressing housing finance reform.

Read More »

Freddie Mac Prices First RPL Sale This Year

On Wednesday, Freddie Mac announced its first re-performing structured sale of 2017, a $292 million sale of a pool of seasoned loans from its mortgage investments portfolio. The pool of loans, currently being serviced by Select Portfolio Servicing Inc., includes loans with step-rate modifications and GSE loans modified under GSE proprietary modifications.

Read More »

OneWest’s Financial Freedom Settle Allegations

Financial Freedom, a division of OneWest Bank agreed to a settlement of over $89 million on Tuesday, resolving allegations from the Department of Justice that the accusing the company of violating the False Claims Act and the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 in connection with its participation in a federally insured Home Equity Conversion Mortgages or ‘reverse mortgage’ program.

Read More »

Speculation Surrounds the Fed Balance Sheet

As the Federal Reserve begins to normalize their balance sheet, speculators believe that the final product may be up to three times larger than it was before the financial crisis, if not bigger. The balance sheet refers to the portfolio of securities, such as various types of Treasury debt and mortgage-backed securities (MBS), that it has purchased. Rising interest rates are sure to drive up rates in the housing market, and the Fed’s decision to pullback from mortgage-backed securities will only add to the rising rates.

Read More »

The Week Ahead: Moving into Summer

On Tuesday, Fannie Mae will release its May 2017 Economic and Housing Outlook report. The Outlook is a forecast of economic trends in the housing and mortgage-finance markets, analyzing current and historical data. The previous Outlook from April 2017 saw weak overall economic patterns, while housing activity stayed relatively strong, which Fannie Mae tied to warmer weather.

Read More »

Bringing Law Firms and Servicers Together

On May 10, representatives from the leading mortgage servicers and default servicing law firms in the U.S. met to discuss issues currently impacting business. The Servicer Summit is a biannual gathering of leaders from the mortgage servicing and legal communities focused on fostering conversation and learning from each other.

Read More »

Bankruptcy Filings Decline

Bankruptcy filings took another fall for another straight month in April 2017. The number of filings has dropped year-over-year every April since 2011, according to April 2017 AACER bankruptcy data reported by Epiq Systems this week.

Read More »

Serving the Underserved

In an effort to better serve some persistent affordable housing problems in the U.S. Fannie Mae and Freddie Mac released their proposed Duty to Serve plans. "Duty to Serve presents a welcome opportunity to lead the mortgage industry and help more American families with their housing needs," said Danny Gardner, Freddie Mac's vice president of affordable lending and access to credit. The purpose of the plan is to better serve some persistent affordable housing problems in the U.S.

Read More »

Fannie Mae Income Drops in Q1

Fannie Mae reported $2.8 billion both net and comprehensive income for the quarter, the exact amount of the dividend amount it expect to pay the Treasury Department in June. But that income for the quarter was nearly half what the GSE reported in Q4 of 2016.

Read More »
Scroll To Top