Secondary

Fannie Mae reported net income of $3.2 billion in the second quarter, up from $2.8 billion in the first quarter
Fannie Mae reported net income of $3.2 billion in the second quarter, up from $2.8 billion in the first quarter. The government-sponsored enterprise (GSE) attributed its performance to an increase in credit-related income and a shift to investment gains in the second quarter from investment losses... Keep Reading....
Angel Oak Capital Advisors has announced the completion of AOMT 2017-2
Angel Oak Capital Advisors has announced the completion of AOMT 2017-2, a $210.45 million securitization of non-prime residential mortgages. The securitization is backed by non-Qualified Mortgages (non-QM) which were fully sourced through the firm’s three affiliated mortgage lenders–Angel Oak... more
The chief of the nation’s leading mortgage industry trade group came to Capitol Hill to challenge lawmakers to bring about a conclusion to the federal conservatorship of the government-sponsored enterprises (GSEs
The chief of the nation’s leading mortgage industry trade group came to Capitol Hill to challenge lawmakers to bring about a conclusion to the federal conservatorship of the government-sponsored enterprises (GSEs).   In testimony presented today before the U.S. Senate Committee on Banking, Housing... more
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... more
Equity Prime Mortgage, licensed in 45 states, is proud to launch a new mobile app, giving loan originators the ability to facilitate the loan process from anywhere they have a mobile device and a Web connection
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