New Residential’s purchase of mortgage servicing rights from CitiMortgage indicates the latter’s plans to move out of the industry. What effects will this agreement have?
Read More »Freddie Mac Reports Record Growth
According to the Freddie Mac's most recent Monthly Volume Summary, in December the GSE experienced the highest monthly growth rate since March 2009.
Read More »Court Deals a Blow to Fannie Mae Shareholder Hopes
The Federal Housing Finance Agency is taking over for Fannie Mae shareholders as the plaintiff in a lawsuit against accounting firm Deloitte & Touche accusing the company of negligent auditing practices, a move which may ultimately lead to the case's dismissal.
Read More »GSEs Hit Loan Modification Milestone
Both Fannie Mae and Freddie Mac say they have made foreclosure prevention, specifically keeping families in their homes, a priority since the foreclosure crisis peaked six to seven years ago.
Read More »Supreme Court Blocks Fannie Mae’s Path to Federal Courts
The U.S. Supreme Court ruled on Wednesday that Fannie Mae cannot automatically bring state lawsuits to federal court, reversing an earlier decision by the Ninth Circuit Court.
Read More »Freddie Mac: Offloading More Credit Risk
Freddie Mac's single-family credit risk transfer programs had a "very good year," in 2016, according to one executive.
Read More »KBRA: Don’t Remove Government Backing from Mortgages
Privatizing the GSEs could potentially have an adverse effect on the mortgage market in the United States, according to Kroll Bond Ratings Agency.
Read More »More Portfolio Contraction for Fannie Mae
Fannie Mae’s gross mortgage portfolio experienced a third consecutive month of contraction following a rare expansion during the summer.
Read More »Freddie Mac Requests to Remove Stocks from European Union
Debt securities, mortgage securities, and STARC debt notes will no longer be accepted to trading in the Luxembourg and Ireland markets.
Read More »Freddie Mac Requests to Remove Stocks from European Union
Debt securities, mortgage securities, and STARC debt notes will no longer be accepted to trading in the Luxembourg and Ireland markets.
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