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Wells Fargo and BlackRock Settle RMBS Trustee Litigation
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... Keep Reading....
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Ginnie Mae’s mortgage-backed securities (MBS) portfolio has reached $2.008 trillion in unpaid principal balance, up from $1 trillion just eight years ago
 Ginnie Mae’s mortgage-backed securities (MBS) portfolio has reached $2.008 trillion in unpaid principal balance, up from $1 trillion just eight years ago.   “The fact that Ginnie Mae has reached $2 trillion in outstanding principal underscores the corporation’s role and highlights our... more
Fannie Mae reported $3.97 billion in comprehensive income during the third quarter, down from $4.4 billion in the second quarter but higher than the $3.04 billion from the third quarter of 2017
 Fannie Mae has promoted John Forlines to Senior Vice President and Chief Risk Officer (CRO). He had served as interim CRO since March.   Forlines started his Fannie Mae career in the Internal Audit Department in 1987 and worked his way up the ranks. Before his promotion, he was Senior Vice... more
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
 Mortgage Capital Trading Inc. (MCT) has announced that Inc. 5000 has named MCT to its 38th annual list of winners for the eight consecutive year. MCT ranked number 3278 with three-year sales growth of 119 percent and 2017 revenue of $18.3M.   The Inc. annual 5000 list represents a unique look at... more
Freddie Mac CEO Donald Layton is reportedly seeking to leave his job and officials at the Department of the Treasury and the Federal Housing Finance Agency (FHFA) are planning to find a successor
 Freddie Mac has announced a shake-up in its leadership, with CEO Donald H. Layton stating that he planned to retire during the second half of 2019 while David Brickman, currently the executive vice president and head of Freddie Mac Multifamily, being elevated to president.   Freddie Mac also... more

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