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Franklin American Mortgage is NAMB Double Diamond Industry Partner

Franklin American

Tennessee headquartered Franklin American Mortgage Company has been chosen as the National Association of Mortgage Brokers’ (NAMB) double diamond partner for 2018, the company announced in a statement. This recognition is given annually to NAMB’s top performing partners. This recognition is given annually to ...

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Ginnie Mae MBS Outstanding Issuance Approaches $2 Trillion

On Thursday, Ginnie Mae—the government-owned corporation that attracts global capital into the housing finance system—announced that issuance of its mortgage-backed securities (MBS) totaled $36.41 billion in January 2018. This brings Ginnie Mae’s total outstanding principal balance to $1.924 trillion, up ...

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Freddie Mac Takes Q4 Hit

Like its sister agency, Freddie Mac this week reported large Q4 losses that will require government bailout money for the first time since 2012. The major difference is that Freddie won't need as much money as Fannie Mae. On Thursday, ...

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Best Housing Rental Investment Markets for 2018

According to CoreLogic Chief Economist Dr. Frank Nothaft, single-family rental stock has been booming in recent years, with CoreLogic reporting an increase by more than one-third over the past decade. But like the old saying goes, rental investment is all ...

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Fannie Posts Q4 Losses, but Remains Optimistic

On Wednesday, Fannie Mae released its Q4 2017 financial statement, and as expected, the GSE posted major losses for the quarter. It also posted an annual revenue in 2017 that was nearly $10 billion down from 2016. By the end ...

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CFPB Asked to Repeal Mortgage Servicing Amendments

A group of a half dozen trade associations recently sent a letter to Mick Mulvaney, Acting Director of the Consumer Financial Protection Bureau. The letter raises objections over 2016 amendments to the CFPB’s  2013 RESPA and TILA Mortgage Servicer Rule, ...

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Early-Stage Mortgage Delinquencies Dropped in Q4 2017

According to the MBA’s Fourth Quarter 2017 National Delinquency Survey, general downward trends for mortgage delinquencies continued as 2017 wrapped up, even after the impact of a historically damaging hurricane season. "The 30-day delinquency rate actually dropped by 15 basis ...

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New York Buys Distressed Mortgages to Fight Zombie Homes

New York Gov. Andrew Cuomo has announced that the state, working through its Community Restoration Fund, has purchased 172 distressed mortgages in high-foreclosure areas, hoping to help keep the homeowners in their homes and avoid letting more abandoned properties fill ...

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