Secondary

Purchases increased to 65 percent of all closed loans in June, up from 62 percent one month earlier
The National Association of Federally-Insured Credit Unions (NAFCU) has issued what it describes as its “core principles” for balancing federal housing finance reform with the specific needs of the credit union industry.   NAFCU cited the need for “an explicit government guarantee on the payment... Keep Reading....
Equity Prime Mortgage has announced a partnership with Ginnie Mae
Equity Prime Mortgage has announced a partnership with Ginnie Mae.   “Our participation with Ginnie Mae will open many doors for many of our new customers,” said Equity Prime Mortgage Chief Operating Officer David Abrahamson. “We understand how important relationships are in business therefore the... more
Mortgage Capital Trading Inc. (MCT) has announced that Cara Krause has joined the company as regional sales director
Mortgage Capital Trading Inc. (MCT) has announced that Cara Krause has joined the company as regional sales director, responsible for business development efforts and client management for new lender clients in the Northeast region of the country.   Krause has more than 25 years of experience... more
Castle & Cooke Mortgage has announced that Adam Thorpe, the company's president and chief operating officer, has been appointed to Fannie Mae's Single-Family Risk Advisory Board
Castle & Cooke Mortgage has announced that Adam Thorpe, the company's president and chief operating officer, has been appointed to Fannie Mae's Single-Family Risk Advisory Board. The Risk Advisory Board (RAB) helps shape the credit policies of Fannie Mae, and provides input on process... more
A coalition of advocacy and housing groups has sent a letter to Mel Watt
A coalition of advocacy and housing groups has sent a letter to Mel Watt, director of the Federal Housing Finance Agency (FHFA), and Treasury Secretary Steven Mnuchin expressing concerns about the declining capital buffer at Fannie Mae and Freddie Mac.   In their letter, the groups called on the... more