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....
Freddie Mac ended the third quarter with $2.3 billion in both net income and comprehensive income, plus $3.6 billion of net interest income. As a result of its profits, the government-sponsored enterprise will be returning $101.4 billion in cumulative dividends to the Treasury. During the third... more
NAMB—The Association of Mortgage Professionals has applauded recent announcements made by both Fannie Mae and Freddie Mac in regards to representation and warranty procedures
NAMB—The Association of Mortgage Professionals has applauded recent announcements made by both Fannie Mae and Freddie Mac in regards to representation and warranty procedures. Reps and warrants are the rules under which the government-sponsored entities (GSEs) can require the repurchase of loans by... more
Fannie Mae closed 2016 with annual net income of $12.3 billion and annual comprehensive income of $11.7 billion
Fannie Mae has unveiled a new program designed ease the representations and warranties aspects on mortgage origination. Under the new Day 1 Certainty Program, Fannie Mae will offer lenders income, assets, and employment validation services to lenders through its Desktop Underwriter system. Fannie... more
A new secondary mortgage market is being proposed in Jamaica, with the goal of breathing new financial vitality into the Caribbean nation’s residential property space
A new secondary mortgage market is being proposed in Jamaica, with the goal of breathing new financial vitality into the Caribbean nation’s residential property space. According to a report in The Gleaner, Prime Minister Andrew Holness addressed an audience at a Realtors Association of Jamaica... more