Secondary

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 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... Keep Reading....
Flagstar Bank FSB has signed a definitive agreement to acquire eight Desert Community Bank (DCB) branches in San Bernardino County, Calif.
Flagstar Bancorp has announced it has closed its securitization of $444 million of residential mortgage-backed certificates (RMBS) issued by Flagstar Mortgage Trust 2017-1 (FSMT 2017-1). The certificates are supported by 668 jumbo prime (75 percent) and high-balance conforming (25 percent) loans.... more
Fannie Mae and Freddie transferred $5.5 billion of credit risk on mortgages with an unpaid principal balance (UPB) of $174 billion through capital markets
Fannie Mae and Freddie transferred $5.5 billion of credit risk on mortgages with an unpaid principal balance (UPB) of $174 billion through capital markets, reinsurance, and front-end reinsurance transactions during the first quarter of this year, according to new data from the Federal Housing... more
Mortgage Capital Trading Inc. (MCT) has announced that it has gained unprecedented industry-wide technology adoption among the investor aggregator community
Mortgage Capital Trading Inc. (MCT) has released new secondary marketing technology to improve the industry’s existing loan sale practices. Dubbed Bulk Acquisition Manager (BAM), the solution automates the process of packaging and transferring bulk loan bids, which benefits investors, lenders and... more
Mortgage Capital Trading Inc. (MCT) has announced that it has gained unprecedented industry-wide technology adoption among the investor aggregator community
Mortgage Capital Trading Inc. (MCT) has appointed Bill Berliner to the newly created position of Director of Analytics, where he will take the lead in developing new products and services, enhancing existing solutions, and helping expand MCT’s footprint.   "Bill adds significant expertise and... more