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....
The Federal Housing Finance Agency (FHFA) is shifting the plan for a Common Securitization Platform (CSP) from an abstract theory to a reality
The Federal Housing Finance Agency (FHFA) is shifting the plan for a Common Securitization Platform (CSP) from an abstract theory to a reality. The agency has released “An Update on Implementation of the Single Security and the Common Securitization Platform,” a report that details the efforts to... more
Commercial and multifamily mortgage loan originations saw a 17 percent increase from the first to second quarter of this year
The delinquency rate on loans in commercial mortgage-backed securities (CMBS) rose 25 basis points (bps) from May to June and is now at a 4.60 percent level, according to new data from Trepp. Although this is the fourth consecutive month of that this delinquency rate increased, it is still 85 bps... more
The first quarter of this year saw mortgage servicers arranging 319,000 non-foreclosure solutions for distressed homeowners
During the first five months of this year, Fannie Mae and Freddie Mac sold more than 41,600 non-performing loans (NPLs) with a total unpaid principal balance of $8.5 billion, according to new data released by the Federal Housing Finance Agency (FHFA). The FHFA report found that the NPLs sold by the... more
HomeBridge Financial Services has announced that Fannie Mae veteran Alex Saphos has joined the company in the newly created position of investor relations advisor
HomeBridge Financial Services has announced that Fannie Mae veteran Alex Saphos has joined the company in the newly created position of investor relations advisor. In his new role, Saphos will leverage HomeBridge’s existing industry relationships and create new opportunities to connect HomeBridge’s... more