The Mortgage Bankers Association (MBA) has released "Up-Front Risk Sharing: Ensuring Private Capital Delivers for Consumers," a concept paper suggesting the Federal Housing Finance Agency (FHFA) require Fannie Mae and Freddie Mac to offer risk sharing options to lenders at the “point of sale” rather than on the back end after loans have been delivered to the government-sponsored enterprises (GSEs).Click to continue

The topic regarding lender/real estate agent gridlock that I hear from mortgage colleagues across the nation has been lingering on for years and I cannot help but write about it this month. It’s not an everyday occurrence, but worth discussing. In prior years and primarily during the housing boom, I feel that the mortgage industry painted a bad picture regarding who we are and what it is we do. During that time, there were unqualified, and at times, unethical people, in the industry which most are aware of from the sub-prime meltdown, etc.Click to continue

The Home Affordable Modification Program (HAMP) was established to assist the nation’s underwater borrowers get out from under their massive mortgage debt. High default rates, coupled with a 30 percent decrease in home values, has resulted in an incredibly difficult situation for homeowners. With HAMP, incentives are being provided for mortgage holders and servicers to help borrowers avoid foreclosure.Click to continue

New York Attorney General Eric T. Schneiderman has joined Massachusetts Attorney General Martha Coakley in leading a nine-state coalition demanding new, permanent leadership at the Federal Housing and Finance Agency (FHFA), the agency that oversees the government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac.Click to continue

U.S. Sens.Click to continue

Federal Housing Finance Agency (FHFA) Acting Director Edward J. DeMarco has released the 2013 Conservatorship Scorecard for Fannie Mae and Freddie Mac.Click to continue

CoreLogic has announced the appointment of Faith Schwartz as senior vice president of government solutions. In her role, Schwartz will lead and manage CoreLogic business relationships and execution with U.S. financial regulatory agencies, government-sponsored enterprises (GSEs), and other selected federal agencies. Her responsibilities will include thought leadership, policymaker education and managing the CoreLogic government business. Schwartz will lead the team charged with the delivery of innovative solutions that help monitor the health of the U.S.Click to continue

Stonegate Mortgage has entered into a residential mortgage loan participation agreement with the Bank of Virginia. Under the terms of the agreement, Bank of Virginia will have a $30 million participation in Stonegate Mortgage’s residential mortgage loans. Bank of Virginia is tapping into Stonegate Mortgage’s expertise in managing warehouse lending programs for financial institutions by identifying low-risk, high-performing mortgage loans and packaging and structuring the loans for investment with GSE’s including Fannie Mae, Freddie Mac and Ginnie Mae.Click to continue