Two and a half years after launching the first credit risk transfer program, Freddie Mac has succeeded in the transferring of a substantial portion of credit risk on more than $385 billion in single-family mortgages.
Read More »Clayton Holdings Opens New Silicon Valley Office
Clayton Holdings LLC, a provider of loan due diligence, surveillance, REO management, and consulting services to the mortgage industry, recently announced that it has opened a consulting office in Silicon Valley.
Read More »Freddie Mac, Lenders One Partner to Help Mortgage Bankers in 2016
Freddie Mac and the Lenders One Mortgage Cooperative recently partnered to help mortgage bankers boost their business in 2016.
Read More »Freddie Mac Drops Suit Against Deloitte
The GSE filed the suit in September 2014 accusing the accounting firm of "gross negligence" regarding the auditing of certain mortgage loans Freddie Mac purchased from Taylor Bean & Whitaker before the housing crash.
Read More »RMBS Settlement Cuts Into Goldman Sachs’ Profits
The investment banking firm's Q4 and full year 2015 earnings took a big hit as a result of the $5 billion residential mortgage-backed securities settlement announced last week.
Read More »Fitch: FHLB-Funded mREIT Borrowers are Facing a Key Decision
Mortgage REITs that are affected by the FHFA's recently-issued final rule on Federal Home Loan Bank membership must find new sources of funding. Would it be more beneficial to go with short- or long-term funding?
Read More »Economist: TRID is Not Affecting Housing Market Potential
While TRID may have slowed down existing-home sales in November, the regulatory shock on the housing market is likely to be temporary.
Read More »Why Are Agency First-Time Buyer Mortgages Getting Riskier?
First-time buyer mortgages with a government guarantee were at a much higher risk of default than those taken out by repeat buyers. What factors are behind the disparity?
Read More »With Settlements Behind Them, Morgan Stanley and Bank of America Post Solid 2015 Results
No more burdened by legal expenses that plagued them in 2014, both Morgan Stanley and Bank of America saw major year-over-year boosts in net income.
Read More »Mortgage Default Rate is Quietly Creeping Upward
The default rate on first mortgages has been climbing recently. Is a trend forming, or is it the result of seasonal fluctuations?
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