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Fannie Mae and Freddie Mac sold 7,140 Non-Performing Loans (NPLs) during the first half of this year
Fannie Mae and Freddie Mac sold 7,140 Non-Performing Loans (NPLs) during the first half of this year, according to new data from the Federal Housing Finance Agency (FHFA). This down from a total of 18,419 NPLs sold in the first half of 2017.   NPLs sold through the first half of 2018 had an average... Keep Reading....
The Federal Housing Finance Agency (FHFA) is raising the maximum conforming loan limit for mortgages to be acquired by Fannie Mae and Freddie Mac to $484,350 in 2019, up from the current limit of $453,100.   The FHFA asserted that the baseline maximum conforming loan limit is being raised to... more
Mortgage Capital Trading (MCT) has announced that Rhiannon Bolen has joined the company’s sales team as one of its Regional Sales Managers, responsible for overseeing the Southern territory
Mortgage Capital Trading (MCT) has announced that Rhiannon Bolen has joined the company’s sales team as one of its Regional Sales Managers, responsible for overseeing the Southern territory.   “We are pleased to have Rhiannon join our growing sales team, who has a diverse background dedicated to... more
HSBC has reached definitive agreement with the Department of Justice that resolves charges related to the underwriting, issuance and securitization of residential mortgage-backed securities (RMBS) from between 2005 and 2007
  Wells Fargo Bank N.A. and a group of institutional investors including funds affiliated with BlackRock Inc. and PIMCO have announced the resolution of two class action lawsuits in federal and California state court related to Wells Fargo’s role as trustee for 271 residential mortgage-backed... more
Mortgage Capital Trading (MCT) has announced that Rhiannon Bolen has joined the company’s sales team as one of its Regional Sales Managers, responsible for overseeing the Southern territory
Mortgage Capital Trading (MCT) has announced that it is incorporating the company’s patent-pending geocoding technology into its Bid Auction Manager (BAM) whole loan trading platform in order to shield borrower addresses from being shared with non-buying entities throughout the whole loan bidding... more