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....
Fannie Mae has announced the appointment of J. Douglas Watt as senior vice president and chief audit executive
Fannie Mae has announced the appointment of J. Douglas Watt as senior vice president and chief audit executive. Watt joins Fannie Mae from GE Capital Corporation, where he was managing director and audit executive for the Americas. Watt also was a member of GE Capital’s senior audit leadership team... more
The head of the nation’s largest mortgage banking trade group has sent his congratulations to the real estate developer who was elected the 45th President of the United States
The head of the nation’s most prominent mortgage banking trade group is warning that proposals to rebuild the capital reserves of the government-sponsored enterprises (GSEs) and then terminating their federal conservatorship would result in unprecedented damage to the housing finance market. In an... more
The U.S. Securities & Exchange Commission (SEC) has announced a $12.7 million settlement against First Mortgage Corporation and six of its executives that were charged with defrauding investors in the sale of residential mortgage-backed securities (RMBS)
The U.S. Securities & Exchange Commission (SEC) has announced a $12.7 million settlement against First Mortgage Corporation and six of its executives that were charged with defrauding investors in the sale of residential mortgage-backed securities (RMBS) guaranteed by Ginnie Mae. The company... more
OpenClose has announced that, in conjunction with Mortgage Capital Trading Inc. (MCT), it has developed a solution that normalizes and extracts a lender’s committed loan sale and purchase advice data to be uploaded directly into OpenClose’s LenderAssist LOS, eliminating significant manual... more