Secondary

A coalition of housing and real estate trade groups is ratcheting up pressure on the Trump Administration to ensure the government-sponsored enterprise (GSE) reform
A coalition of housing and real estate trade groups is ratcheting up pressure on the Trump Administration to ensure the government-sponsored enterprise (GSE) reform remains a priority.   In letters to Treasury Secretary Steve Mnuchin and Federal Housing Finance Agency Director Mel Watt, the trade... Keep Reading....
The National Credit Union Administration (NCUA) has announced that Nomura Asset Acceptance Corporation and Nomura Home Equity Loan Inc. have agreed to jointly pay more than $3 million to settle claims
The National Credit Union Administration (NCUA) has announced that Nomura Asset Acceptance Corporation and Nomura Home Equity Loan Inc. have agreed to jointly pay more than $3 million to settle claims stemming from the sale of allegedly faulty residential mortgage-backed securities (RMBS) to the... more
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 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 has unveiled a new program designed ease the representations and warranties aspects on mortgage origination
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