Google+
  • Ocwen10.16+0.11 +1.09%
  • Zillow85.07-2.25 -2.58%
  • Trulia+0 +0%
  • NationStar17.47+0.09 +0.52%
  • CoreLogic40.42+0.05 +0.12%
  • RE/MAX36.97+0.56 +1.54%
  • Fannie Mae2.22-0.08 -3.48%
  • Freddie Mac2.12-0.08 -3.42%
  • Wells Fargo56.44-0.30 -0.53%
  • CitiMortgage55.08-0.29 -0.52%
  • Bank of America16.94-0.09 -0.53%
  • Fidelity National Financial38.14+0.51 +1.36%
  • First American38.03+0.50 +1.33%
  • AUDUSD=X0.7478-0.0022 -0.2933%
  • USDJPY=X122.7235+0.1635 +0.1334%
  • WP Stock Ticker
Home | News | Secondary Market

Freddie Mac Encourages Homebuyers to Utilize Housing Counselors

freddie-mac-two

-+*Counseling may reduce the risk of a first-time homebuyer becoming seriously delinquent by an average of 29 percent on affordable mortgages that required pre-purchase housing counseling, according to research from Freddie Mac. The study also found that one-on-one counseling, classroom counseling, and home study via the Internet, which are the three most common types of housing counseling, are equally effective.

Read More »

Fannie Mae and Freddie Mac CEOs Receive Multi-Million Dollar Pay Increases

money-five

-+*The SEC outlined that Fannie Mae and Freddie Mac CEOs' direct compensation will consist of an annual base salary of $750,000, fixed deferred salary at an annual rate of $2.05 million, and at-risk deferred salary with an annual target amount of $1.2 million, totaling $4 million. The at-risk deferred salary is based on performance and can be reduced. These amounts will be prorated for 2015 and both executives have the same structure that applies to other executives within the GSEs.

Read More »

Average Guarantee Fees on GSE Loans Are Two and a Half Times Their 2009 Level

money-steps

-+*According to the FHFA report, the average level of guarantee fees charged has increased since 2009, when the report began. The guarantee fees are now two-and-a-half times their previous level from 2009 to 2014. The average fees increased from 22 basis points to 58 basis points from 2009 to 2014. From 2013 to 2014, average fees increased from 51 basis points to 58 basis points.

Read More »

GSEs Combine for Q1 Net Income of $2.4 Billion

Fannie-Freddie-logos

-+*The average loan-to-value (LTV) ratio for new business decreased at both Enterprises as refinances surpassed purchase mortgage originations, which generally have higher LTV ratios. The report said that borrowers were more inclined to use the Enterprises’ refinance programs that focus mainly on deeply underwater borrowers, including the Home Affordable Refinance Program (HARP).

Read More »

Judge Rules JPMorgan Chase Is Not Responsible For WaMu’s Pre-September 2008 Liabilities

gavel-three

-+*With the ruling, Judge Rosemary Collyer in the U.S. District Court for the District of Columbia settled a long-standing dispute over who is liable for facing the claims – JPMorgan has contended that the FDIC should be responsible because of its receivership of Washington Mutual, and the FDIC has countered that JPMorgan should pick up the bill because of its acquisition of Washington Mutual.

Read More »
Scroll To Top