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Y2K and CU… Is the Sky Falling?

The recent rollout of Fannie Mae's Collateral Underwriter (CU) parallels the Y2K experience of 15 years ago. Leading up to its implementation, some appraisers panicked and unfounded fears ran rampant.

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Freddie Mac’s Net Income Skyrockets; GSE to Pay Nearly $4 Billion to Treasury

Also for Q2, Freddie Mac reported $3.9 billion in comprehensive income, a five-fold increase from Q1's total of $746 million. With the inclusion of September 2015's Dividend Obligation of $3.9 billion, Freddie Mac will have returned $96.5 billion to taxpayers. Dividend payments do not include the $71.3 billion bailout Freddie Mac received from Treasury in 2008.

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Fannie Mae’s Research Shows Perceived Negative Equity is Hurting the Housing Market

The National Housing Survey from Fannie Mae contains data that suggests that homeowners who are underestimating how much equity they have in their homes may also be underestimating in other areas, such as how large of a downpayment they could make with that equity; their chances of qualifying for a mortgage, assuming they need a large downpayment; and their opportunities for selling their house and buying another one.

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Industry Analyst Defends Massive Pay Hike for Fannie Mae and Freddie Mac CEOs

The cap eliminated by Watt slightly more than a month ago was put in place three years ago by then-acting FHFA director Ed DeMarco as a compromise between satisfying the demand for a reduction in those executive salaries while the GSEs remained under conservatorship of the FHFA and maintaining adequate pay for line staff, according to Rood.

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Brady & Kosofsky Receives Certifications for Two Compliance Audits

Matthews, North Carolina-based full service real estate title, REO, loss mitigation and closing law firm Brady & Kosofsky PA has announced it received two certifications as a result of recent service auditor's reviews, the Service Organization Controls (SOC) 2 Type II and the American Land Title Association (ALTA) Best Practices.

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