Secondary

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... Keep Reading....
Angel Oak Capital Advisors LLC has announced that it has completed AOMT 2017-1
Angel Oak Capital Advisors LLC has announced that it has completed AOMT 2017-1, a $146.4 million securitization rated by both the Fitch and DBRS rating agencies.   This transaction, backed by non-qualified mortgages (non-QM), marks Angel Oak’s third securitization since 2015, accounting for more... more
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... more
Freddie Mac ended 2016 with $7.8 billion in net income, up from $6.4 billion in 2015. The government-sponsored enterprise also reported comprehensive income of $7.1 billion for 2016, up from $5.8 billion in 2015.   For the fourth quarter of 2016, Freddie Mac recorded net income of $4.8 billion and... more
Angel Oak Mortgage Solutions is continuing their aggressive growth with the addition of 12 new account executives
Angel Oak Mortgage Solutions LLC and Angel Oak Home Loans LLC have announced that their mortgage origination platforms have been reviewed for quality by ratings agencies Fitch and DBRS. Both ratings agencies affirmed the acceptable quality of the company’s non-agency, non-qualified mortgage... more