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....
Angel Oak Capital Advisors has announced the completion of AOMT 2017-2
Angel Oak Capital Advisors has announced the completion of AOMT 2017-2, a $210.45 million securitization of non-prime residential mortgages. The securitization is backed by non-Qualified Mortgages (non-QM) which were fully sourced through the firm’s three affiliated mortgage lenders–Angel Oak... more
David H. Stevens has announced that he will retire as President and Chief Executive of the Mortgage Bankers Association (MBA) on Sept. 30, 2018
The chief of the nation’s leading mortgage industry trade group came to Capitol Hill to challenge lawmakers to bring about a conclusion to the federal conservatorship of the government-sponsored enterprises (GSEs).   In testimony presented today before the U.S. Senate Committee on Banking, Housing... more
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... more
Equity Prime Mortgage LLC has announced the hiring of Ed Abufaris as new Senior Vice President of Third-Party Originations (TPO)
Equity Prime Mortgage has announced a partnership with Ginnie Mae.   “Our participation with Ginnie Mae will open many doors for many of our new customers,” said Equity Prime Mortgage Chief Operating Officer David Abrahamson. “We understand how important relationships are in business therefore the... more