Nancy G. Pratt, VP of Partner Strategies, Government Affairs at real estate technology company Pavaso, was elected to serve as co-chair of the Mortgage Industry Standards Maintenance Organization eMortgage Workgroup at the organization’s Winter Summit in January.
Read More »Servicing Growth Drives Nationstar’s Q4 Rise in Earnings
CEO Jay Bray said the company is entering 2016 "well-positioned from a strategic, operational and capital perspective.”
Read More »Treasury: Recap and Release Not Happening
While a recent speech by FHFA Director Mel Watt has fueled speculation that Fannie Mae and Freddie Mac will be recapitalized and the conservatorship will end, Treasury said that no policy change is imminent.
Read More »What Effect Do Foreclosures Have on the Nation’s Existing-Home Supply?
Instead of thinking of the foreclosure decline as a contributing factor to the drop in existing-home sales inventory, however, it is more accurate to say that existing-home inventory levels in the years immediately following the crisis were boosted by unusually high foreclosure levels.
Read More »Non-Profit Wins Fannie Mae Distressed Loan Auction
Lawmakers and activists that have been calling for Fannie Mae, Freddie Mac, and HUD to sell their non-performing mortgage loans to non-profits saw their wish come true on Thursday.
Read More »Wells Fargo Facing Continued Investigation from DOJ
Federal and state regulators are still probing the bank even after Wells Fargo agreed to a $1.2 billion settlement earlier this month over underwriting practices on FHA-insured loans.
Read More »Home Prices Climb Despite Volatile Financial Markets
In the midst of tight supply, heightened competition for buyers, and unpredictable financial markets, U.S. home prices continued to rise in the fourth quarter.
Read More »Freddie Mac’s Mortgage Portfolio Experiences More Expansion to Start 2016
After growing by more than $30 billion during the full year 2015, the portfolio begins the new year with expansion.
Read More »Was Watt’s Speech the Beginning of the End for the Conservatorship?
Last week, FHFA Director Mel Watt gave a speech at the Bipartisan Center in which he declared the GSEs' lack of capital to be their biggest risk, and that he expects that risk to escalate as the conservatorships continue. Will that risk spur the government to end the conservatorships after almost eight years?
Read More »Banks’ Profits Rose in Q4 on Drop in Litigation Expenses
FDIC Chairman Martin Gruenberg said despite the increase in profits, banks are still operating in a "challenging environment."
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