Home / Author Archives: Carrie Bay (page 445)

Author Archives: Carrie Bay

Carrie Bay is a freelance writer for DS News and its sister publication MReport. She served as online editor for DSNews.com from 2008 through 2011. Prior to joining DS News and the Five Star organization, she managed public relations, marketing, and media relations initiatives for several B2B companies in the financial services, technology, and telecommunications industries. She also wrote for retail and nonprofit organizations upon graduating from Texas A&M University with degrees in journalism and English.

Fannie Mae Raises Lender Fees, Releases Retained Attorney List

Earlier this week, Fannie Mae announced that it is increasing the fees it charges lenders for purchasing their mortgages and making adjustments to its pricing structure for home-loan securities. The government-sponsored enterprise (GSE) said these changes, which are effective October 1, will better align its pricing with credit risks, help to mitigate losses, and support its ability to provide a stable source of liquidity to lender partners.

Read More »

Ocwen Financial Releases 2Q Earnings

Ocwen Financial Corporation released its second quarter earnings this week, reporting income from continuing operations of $5.3 million, compared to $27.4 million a year ago. The company’s chairman and CEO William Erbey said Ocwen continues to produce strong operating results as illustrated by its record levels of revenue and operational income.

Read More »

Mortgage Applications Up 2.8 Percent Last Week

The Mortgage Bankers Association released its Weekly Mortgage Applications Survey for the week ending August 1, 2008 today. According to the survey, the Market Composite Index, which is a measure of mortgage loan application volume, was 432.

Read More »

Fed Holds Interest Rate at Two Percent

After the most aggressive string of rate reductions in nearly two decades, the Federal Open Market Committee voted again yesterday to hold its target interest rate at 2 percent. Federal Reserve policy makers indicated that interest rates won’t budge until next year as they wait for the credit crisis to come to an end and inflation to ease, according to a report on Bloomberg.

Read More »

Freddie Mac Reports $821M Second Quarter Loss

Freddie Mac today reported a net loss of $821 million, or $1.63 per diluted share, for the second quarter of 2008, compared to a net income of $729 million, or $0.96 per diluted share, a year ago. According to the Associated Press, Freddie Mac’s losses were three times more than what Wall Street expected.

Read More »

LenderLive and PMI Launch Homeownership Preservation Initiative

LenderLive Network, Inc., a business process outsourcing and technology provider for the financial industry, announced a joint initiative with PMI Mortgage Insurance today. The aim of the program is to prevent mortgage delinquencies and foreclosures through early intervention and workout solutions.

Read More »

Your Daily Dose of DS News

Get the news you need, when you need it. Subscribe to the Daily Dose of DS News to receive each day’s most important default servicing news and market information, absolutely free of charge.