Secondary

Farmer Mac, arguably the quietest government-sponsored enterprise (GSE), has become embroiled in a mysterious controversy surrounding the abrupt firing of its leader
Farmer Mac, arguably the quietest government-sponsored enterprise (GSE), has become embroiled in a mysterious controversy surrounding the abrupt firing of its leader.   In a press statement, Farmer Mac announced that its Board of Directors fired Timothy L. Buzby as President and CEO. Buzby, who had... Keep Reading....
Mortgage Capital Trading Inc. (MCT) has announced the release of new online functionality that automates the process of product selection and delivery of loan commitments directly to Fannie Mae for MCT’s lender clients
Mortgage Capital Trading Inc. (MCT) has earned a spot on the San Diego Business Journal’s (SDBJ) Best Places to Work list for the sixth consecutive year. MCT ranked number 18 out of 29 companies in the medium-size company category (50-249 U.S. employees). Nominees were judged in the categories of... more
Trelix has announced that it has been approved as a third-party due diligence provider for DBRS-rated transactions
Trelix has announced that it has been approved as a third-party due diligence provider for DBRS-rated transactions. DBRS is a full-service credit rating agency respected for its independent, third-party evaluations of corporate and government issues. DBRS’s approval process, before adding a company... more
FHFA Director Mel Watt used his appearance at the Mortgage Bankers Association’s (MBA) Annual Convention to defended his agency's decision to include a new language preference question in the upcoming URLA
The Director of the Federal Housing Finance Agency (FHFA) pointedly reminded Congress that it was their responsibility, and not the responsibility of his agency, to enact the long-overdue reform of the government-sponsored enterprises (GSE).   Speaking yesterday at a congressional hearing, FHFA... more
Ginnie Mae has announced that issuance of its mortgage back securities (MBS) totaled $44.13 billion in August, an increase from July’s issuance of $41.95 billion
Ginnie Mae has announced that issuance of its mortgage back securities (MBS) totaled $44.13 billion in August, an increase from July’s issuance of $41.95 billion.   A breakdown of August’s issuance includes $42.14 billion of Ginnie Mae II MBS and $2 billion of Ginnie Mae I MBS, which provided... more