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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

RBS in $4.9B Settlement Over RMBS Woes

The Royal Bank of Scotland Group (RBS) has agreed to a $4.9 billion settlement with the Department...Read 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 Reports $4.3B in Q1 Net Income

Fannie Mae closed out the first quarter of this year with $4.3 billion of net income and $3.9...Read 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 Turns $2.93M Q1 Profit

Freddie Mac reported $2.93 in net income for the first quarter , a significant turnaround from the...Read more
Freddie Mac has introduced the CHOICERenovation loan, which is designed for homebuyers seeking to purchase a home and finance the cost of renovations with a single-close mortgage

Sam Khater Joins Freddie Mac as VP/Chief Economist

Freddie Mac has announced that Sam Khater, a prominent housing and economics expert with more than...Read more
Last month was a September to remember at Ginnie Mae, which reported issuing $53.5 billion in mortgage-backed securities during the month

Ginnie Mae Issued $30B in MBS in March

Ginnie Mae announced that it issued $30.31 billion in mortgage-backed securities (MBS) during March...Read more
Last month was a September to remember at Ginnie Mae, which reported issuing $53.5 billion in mortgage-backed securities during the month

Ginnie Mae Reportedly Restricts Two Lenders

Ginnie Mae has reportedly restricted NewDay USA and Nations Lending Corp. for issuing its bonds...Read more
Angel Oak Capital Advisors LLC has announced the firm has surpassed $10 billion in assets under management

Angel Oak Capital Advisors Names Namit Sinha Head of Mortgage Strategies

Angel Oak Capital Advisors has announced the hiring of Namit Sinha as Head of Mortgage Strategies,...Read more
Angel Oak Capital Advisors LLC has announced the firm has surpassed $10 billion in assets under management

Angel Oak Capital Announces $90 Million Securitization of Residential Transitional Loans

Angel Oak Capital Advisors LLC has announced that it has completed AOMT 2018-PB1, a $90 million...Read more
New York Attorney General Eric T. Schneiderman has reached a $500 million settlement with Royal Bank of Scotland (RBS) related to charges of the financial institution’s practices and misrepresentations to investors regarding residential mortgage-backed se

RBS in $500M Settlement Over RMBS Sales

New York Attorney General Eric T. Schneiderman has reached a $500 million settlement with Royal...Read more
Tappable equity, defined as the share of equity available for homeowners with mortgages to borrow against before reaching a maximum total combined loan-to-value of 80 percent, reached a record high in the second quarter

New Study Charts Credit Union Sales to Secondary Market

A new survey conducted by the National Association of Federally-Insured Credit Unions (NAFCU) has...Read more

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