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Mid America Mortgage Inc. Owner and Chief Executive Officer Jeff Bode has announced that the firm has expanded its relationship with Spectrum Mortgage Holdings LLC
Mid America Mortgage Inc. Owner and Chief Executive Officer Jeff Bode has announced that the firm has expanded its relationship with Spectrum Mortgage Holdings LLC to offer warehouse lines of credit in conjunction with its Whole Loan Purchase program. This will provide sellers the flexibility to... Keep Reading....
The Federal Agricultural Mortgage Corporation, also known as Farmer Mac, closed the first quarter of this year with $372.1 million in net new business volume growth
The Federal Agricultural Mortgage Corporation, also known as Farmer Mac, closed the first quarter of this year with $372.1 million in net new business volume growth that brought total outstanding business volume to $19.4 billion.   During first quarter, Farmer Mac added $1.4 billion of new business... more
The Royal Bank of Scotland Group (RBS) has agreed to a $4.9 billion settlement with the Department of Justice related to the company’s issuance and underwriting of residential mortgage-backed securities (RMBS) between 2005 and 2007
The Royal Bank of Scotland Group (RBS) has agreed to a $4.9 billion settlement with the Department of Justice related to the company’s issuance and underwriting of residential mortgage-backed securities (RMBS) between 2005 and 2007.   “Today’s announcement is a milestone moment for the bank,” said... more
Fannie Mae closed out the first quarter of this year with $4.3 billion of net income and $3.9 billion of comprehensive income
Fannie Mae closed out the first quarter of this year with $4.3 billion of net income and $3.9 billion of comprehensive income. This is a significant turnaround from the net loss of $6.5 billion and a comprehensive loss of $6.7 billion in the fourth quarter of 2017. Fannie Mae stated that it... more
Freddie Mac reported $2.93 in net income for the first quarter, a significant turnaround from the fourth quarter of 2017 when it recorded a $3.3 billion loss and needed a $300 million Treasury draw
Freddie Mac reported $2.93 in net income for the first quarter, a significant turnaround from the fourth quarter of 2017 when it recorded a $3.3 billion loss and needed a $300 million Treasury draw. But despite its positive quarterly performance, Freddie Mac stated it would not make a dividend... more