Secondary

Castle & Cooke Mortgage has announced that Adam Thorpe, the company's president and chief operating officer, has been appointed to Fannie Mae's Single-Family Risk Advisory Board
Castle & Cooke Mortgage has announced that Adam Thorpe, the company's president and chief operating officer, has been appointed to Fannie Mae's Single-Family Risk Advisory Board. The Risk Advisory Board (RAB) helps shape the credit policies of Fannie Mae, and provides input on process... Keep Reading....
NAMB—The Association of Mortgage Professionals has announced that CEO Donald J. Frommeyer, CRMS, has decided to leave his position as chief executive officer of the association
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
Credit unions maintained a 6.1 percent share of the mortgage market share in 2015
RBS Securities Inc., a division of Royal Bank of Scotland, agreed to a $120 million settlement with the state government of Connecticut regarding charges of problematic underwriting of residential mortgage-back securities (RMBS) in the years prior to the 2008 financial crisis. Under the terms of... more