Secondary

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... Keep Reading....
Fannie Mae is being questioned by a prominent U.S. senators regarding the costs of its new regional headquarters in Plano, Texas
Fannie Mae is being questioned by a prominent U.S. senators regarding the costs of its new regional headquarters in Plano, Texas. According to a Dallas Morning News report, Sen. Chuck Grassley (R-IA) is questioning the expenses related to the 10-story, 330,000-square-foot building leased for 15... more
OpenClose and Mortgage Capital Trading Inc. (MCT) announced they have developed an integration that eliminates manual intervention and streamlines the delivery of loan data to maximize hedging for lenders
OpenClose and Mortgage Capital Trading Inc. (MCT) announced they have developed an integration that eliminates manual intervention and streamlines the delivery of loan data to maximize hedging for lenders. The integration works by automatically taking loan-level details that are originated and... more
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