Secondary

Accenture has again been named a leader in business mortgage process outsourcing (BPO) in a recent report from industry analyst firm Everest Group
Accenture has again been named a leader in business mortgage process outsourcing (BPO) in a recent report from industry analyst firm Everest Group. The report, “Mortgage BPO–Service Provider Landscape with PEAK Matrix Assessment 2017,” evaluated 16 mortgage BPO service providers based on two key... Keep Reading....
Berkadia has announced that it was approved as the first Freddie Mac Seller/Servicer
Berkadia has announced that it was approved as the first Freddie Mac Seller/Servicer to obtain the National Single Family Rental Designation by Freddie Mac Multifamily. This approval permits Berkadia to sell and service loans secured by single family rental properties nationwide to Freddie Mac... more
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... more
The delinquency rate for mortgages on one- to four-unit residential properties increased to a seasonally adjusted rate of 5.17 percent of all loans outstanding at the end of the fourth quarter of 2017
The Federal Housing Finance Agency (FHFA) is shifting its policy by enabling Fannie Mae and Freddie Mac (the Enterprises) to re-enter the Low Income Housing Tax Credit (LIHTC) market as equity investors on a limited basis.   The FHFA explained that this change is based on the government-sponsored... more
Fannie Mae announced that it recorded $3 billion net income in the third quarter, a drop from the $3.2 billion net income earned in the second quarter
Fannie Mae announced that it recorded $3 billion net income in the third quarter, a drop from the $3.2 billion net income earned in the second quarter. The government-sponsored enterprise (GSE) stated the decline was primarily caused by higher credit-related expenses, mostly from losses following... more