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....
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
Nearly 900 mortgage originators, housing finance experts, and government officials will join Ginnie Mae over the next two days to explore the most critical challenges still facing the housing finance industry
Nearly 900 mortgage originators, housing finance experts, and government officials will join Ginnie Mae over the next two days to explore the most critical challenges still facing the housing finance industry. The two-day 2016 Ginnie Mae Summit in Washington, D.C. will focus on the shift to... more
Deutsche Bank AB is rejecting an effort by the U.S. Department of Justice (DOJ) to $14 billion in a settlement of charges related to its residential mortgage-backed securities (RMBS) activity in the pre-recession years
Deutsche Bank AB is rejecting an effort by the U.S. Department of Justice (DOJ) to $14 billion in a settlement of charges related to its residential mortgage-backed securities (RMBS) activity in the pre-recession years. According to a MarketWatch report, Germany’s largest lender began negotiations... more
Angel Oak Capital Advisors LLC has announced that its MontLake Angel Oak Multi-Strategy Income UCITS Fund (the Fund) has surpassed $150 million USD in assets under management (AUM) and returned 7.12 perecent as of Aug. 31 since its inception on Dec. 4, 2015. Angel Oak Capital’s decision to bring... more