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Secondary Market

Finishing Strong

The FHFA recently settled the 17th of the 18 lawsuits it has filed on behalf of Freddie Mac and Fannie Mae. Read on to see the sum each Enterprise is going to receive.

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Post Crisis: How Do Banks Continue Servicing Home Loans?

After the 2008 crisis, the federal government imposed new rules on home loans and how to service those loans as a reaction to the abuses that were taking place. How do these rules help prevent a new crisis and how did banks restructure in order to embody them?

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The Siege on Communities: NMSA Calls for Action

The National Mortgage Servicing Association has issued a report calling for standardization of procedures, definitions, and best practices surrounding vacant and abandoned residential properties. Many of these properties are forced to go through lengthy foreclosure processes, resulting in extensive vacant periods during which, according to the report, attract crime, lower property values, and cause community blight. The NMSA hopes the report will spur interagency discussion of the issues these properties create.

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Big Changes Could Soon Be Coming to The Enterprises

Two Senators are drafting legislation that could potentially break up Fannie Mae and Freddie Mac, according to Bloomberg, in an effort to increase competitiveness in the secondary mortgage market? How do they plan on doing this, and what repercussions might legislation such as this have on the mortgage finance industry?

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Fannie Mae Reduces Risk Pool

Fannie Mae is making moves again—this time it has completed its second set of traditional Credit Insurance Risk Transfer. Read on to find the amount of coverage the GSE received and the terms of the deal.

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Barry Owens Joins OrangeGrid as VP of Business Development

OrangeGrid, a provider of highly configurable business process workflow solutions to the financial services industry, announced that Barry Owens, a seasoned professional with nearly three decades industry experience, has joined its growing team as VP of business development.

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How do Mortgage Industry CEOs Stack Up Against Others?

When employers quantify their satisfaction with their CEOs in a customer service heavy industry, how do mortgage professionals and servicers compare to leaders in other industries? What are the criteria to building a successful business and keeping your employees happy? Two industry CEO’s made a recently released top 100 list, and one shares his view to the future.

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Distressed Properties Contribute to Low Average Market Time

The May 2017 Existing Home Sales Index was released Tuesday, showing that even though inventory is slightly on the rise compared to April 2017, median home prices are still increasing as well. Existing, unsold properties are coming off the market at record times, and foreclosures and short sales are contributing factors. Some industry professionals, however, wonder how long this trend will last.

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