Appraisal Institute applauds Congress for passing housing bill

Jul 30, 2008

NAMB supports GSE aid: Fed plan would add stability to Fannie and FreddieMortgagePress.comNAMB, GSEs, Fannie Mae, Freddie Mac, Marc Savitt The National Association of Mortgage Brokers announced its support of the Federal Reserve Board's plan to open its discount window to government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. "We applaud the Federal Reserve Board for its initiative," said NAMB President Marc Savitt, CRMS, "Fannie Mae and Freddie Mac play a pivotal role in the housing industry and, with the Federal Reserve's support, will continue to play a role in stabilizing the market. Fannie Mae and Freddie Mac help many borrowers achieve the dream of homeownership, and we commend Chairman Bernanke for his leadership." For more information, visit www.namb.org.

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Jul 30, 2008

Tech

ServiceLink Enhances Its Digital Closing Solution

EXOS Close allows lenders and borrowers to choose ‘when, where, and how’ they close

Digital mortgage services provider, ServiceLink, announced enhancements to its EXOS Close technology designed to provide more flexibility for lenders and borrowers using the technology to schedule their closings. Enhancements include new options for online and in-branch c...

Analysis and Data

Moody’s Downgrades Fannie And Freddie Following U.S. Sovereign Credit Cut

Outlooks for both GSEs revised from negative to stable

Moody’s has downgraded the long-term senior unsecured debt ratings of Fannie Mae and Freddie Mac to Aa1 from Aaa, following its May 16 downgrade of the U.S. government. The outlooks for both agencies were revised from negative to stable, signaling no immediate expectation of...