Less than a week following a nationwide wave of protests from advocacy groups on the sales of non-performing loans by government agencies to investors and private equity firms rather than non-profits, Fannie Mae announced the winners in its latest NPL auction.
Read More »Economic Outlook May Not Be All Positive
It's no secret that the Fed is taking a gradual approach to further rate hikes, but it may be even more gradual than originally expected.
Read More »GSE Serious Delinquency Rate is Lowest Since Start of Conservatorships
Mortgages backed by Fannie Mae and Freddie Mac are performing at a level not seen since September 2008, when the conservatorships began.
Read More »Judge to Bank of America: Hold Off Paying Investors in RMBS Settlement
Investors who are waiting to receive the payouts from Bank of America's $8.5 billion mortgage-backed securities settlement will have to wait a little longer.
Read More »President: A Strong Economy is the Key to America’s Future
As President Obama unveiled his FY 2017 Budget, one theme remained consistent in every part of his speech to Congress and to the American people on Tuesday.
Read More »OCC Removes Servicing Restrictions from U.S. Bank, Santander—For a Price
The Office of the Comptroller of the Currency removed restrictions from two more banks, but the banks will also be paying a hefty penalty.
Read More »Foreclosure Inventory Plummets; What Else is New?
Foreclosures have been on a rapid steady decline for the last five-plus years since hitting their peak in 2010. How is this affecting the rest of the housing market?
Read More »President’s FY17 Budget Invests Heavily in Ending Homelessness
Last month in his final State of the Union address, President Barack Obama failed to mention housing policy at all. His proposed FY17 budget to be unveiled Tuesday calls for a substantial investment in housing, however.
Read More »Court Finds in Favor of MERS
Mortgage Electronic Registration Systems claimed its second legal victory of 2016, this time in Texas.
Read More »OCC Recaps Proposals for Regulatory Relief
What proposals did the OCC make in 2015 as part of a multi-agency initiative to provide regulatory relief to depository institutions?
Read More »