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....
Freddie Mac has announced that it has hired REO Training Solutions Inc. to instruct new listing brokers and other vendors on HomeSteps' policies, procedures, business guidelines, and best practices. HomeSteps is the real estate sales unit of Freddie Mac and markets a nationwide selection of... more
Commercial mortgage-backed securities (CMBS) expert and real estate veteran, Dan Smith, has formed Four Point Alliance, a commercial real estate advisory firm specializing in expert witness testimony in CMBS lawsuits, CMBS loan servicing and asset management. Four Point Alliance is a team of... more
Ginnie Mae President Theodore W. Tozer has announced that it is increasing its net worth requirements for single family issuers for the second time in three months, from its current amount of a $1 million net worth requirement to $2.5 million. Ginne Mae also announced that it is changing the... more
Capital Markets Cooperative (CMC), in partnership with WL Ross & Company LLC, has announced a new strategic alliance with Sun West Mortgage Company (SWMC) where CMC lenders will have access to Sun West's full suite of mortgage products that include FHA 203(b) mortgages, 203(k) rehab and 203(k)... more