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Fannie Mae

Commercial-Multifamily Originations See 18 Percent Quarterly Rise

Commercial Real Estate

According to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations, third quarter 2014 commercial and multifamily mortgage loan originations were 16 percent higher than during the same period last year, and 18 percent higher than the second quarter of 2014.Click to continue

FHFA Single Security Proposal Could Save Taxpayers Hundreds of Millions Annually

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In a letter sent to the Federal Housing Finance Agency (FHFA), the Financial Services Roundtable’s (FSR) Housing Policy Council (HPC) voiced its support for the agency’s proposal to create a single security to be issued and guaranteed by Fannie Mae and Freddie Mac.Click to continue

Fay Servicing Named Approved Fannie Mae Servicer and Ginnie Mae Issuer

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Fay Servicing has received approvals as a Ginnie Mae issuer and Fannie Mae servicer, enabling the company to expand into additional business lines within originations, servicing and sub-servicing. Receiving both Fannie Mae and Ginnie Mae approvals is a positive validation of the firm’s servicing expertise, compliance regime and financial strength.Click to continue

HAMP Hacker Sentenced for Fannie Mae Data Breach

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Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) has announced that Sathish Kumar Chandhun Rajendran of Sterling, Va., has been sentenced for engaging in unauthorized access to government servers that hosted a Fannie Mae Web site used to support federal mortgage loan modification programs, including the Home Affordable Modification Program (HAMP). U.S. District Judge T.S. Ellis III presided over the hearing, which took place in federal court in Alexandria, Va.Click to continue

FHFA: Delinquencies Drop in Q2

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The Federal Housing Finance Agency (FHFA) has released a report showing that Fannie Mae and Freddie Mac completed approximately 80,000 foreclosure prevention actions in the second quarter of 2014, bringing the total to nearly 3Click to continue

Large Lenders Expect Credit Standards to Ease During Next Quarter

House of Blocks/Copyright: Phil Ashley/Credit: Phil Ashley

Large lenders' expectations that underwriting standards will ease over the next three months coincide with overall lenders' expected pullback in the demand for single-family purchase mortgages, according to results from Fannie Mae's third-quarter Mortgage Lender Sentiment Survey. The share of lenders who expect purchase mortgage demand to go up over the next three months decreased significantly—between 26 to 33 percentage points depending on loan type—with the largest decline of 33 percentage points on GSE-eligible loans.Click to continue

Mortgage Marketing: How You Can Shine

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The news is out ... the first four months of 2014 have shown that the demand for home loans has plummeted, mortgage rates are increasing, Freddie Mac and Fannie Mae are being overhauled, and Wells Fargo cut 700 mortgage jobs. In the midst of all this gloom, there is a way to for you to shine…Click to continue