Secondary

Fannie Mae closed 2016 with annual net income of $12.3 billion and annual comprehensive income of $11.7 billion
Fannie Mae closed 2016 with annual net income of $12.3 billion and annual comprehensive income of $11.7 billion plus a positive net worth of $6.1 billion, according to a new filing by the government-sponsored enterprise. For the fourth quarter of 2016, Fannie Mae reported net income of $5 billion... Keep Reading....
The U.S. Department of Justice has announced a $5.28 billion settlement with Credit Suisse that will resolve charges related to the packaging, securitization, issuance, marketing and sale of residential mortgage-backed securities (RMBS) between 2005 and 2007. In the settlement, Credit Suisse... more
Fannie Mae closed 2016 with annual net income of $12.3 billion and annual comprehensive income of $11.7 billion
Fannie Mae has announced its new Flex Modification foreclosure prevention program, designed to help families by offering reductions to their monthly mortgage payments. The Flex Modification leverages components of Fannie Mae's Home Affordable Modification Program (HAMP), which is set to expire at... more
Mortgage Capital Trading Inc. (MCT), developer of MCTlive!, has announced that it has added a number of new features to its best execution service offering
Mortgage Capital Trading Inc. (MCT), developer of MCTlive!, has announced that it has added a number of new features to its best execution service offering. The enhancements outpace existing competitor offerings and position MCT to capture additional business among lenders. “We already enjoy a ... more
The National Credit Union Administration (NCUA) has announced that Nomura Asset Acceptance Corporation and Nomura Home Equity Loan Inc. have agreed to jointly pay more than $3 million to settle claims
The National Credit Union Administration (NCUA) has announced that Nomura Asset Acceptance Corporation and Nomura Home Equity Loan Inc. have agreed to jointly pay more than $3 million to settle claims stemming from the sale of allegedly faulty residential mortgage-backed securities (RMBS) to the... more