Fannie Mae announced Monday the results of its latest non-performing loan sale, naming Residential Credit Opportunities Trust IX-D as the winning bidder for a pool of 919 loans totaling approximately $203.3 million in unpaid principal balance. The transaction is...
Fannie Mae has reached the final implementation date for a disclosure overhaul affecting roughly 112 legacy Real Estate Mortgage Investment Conduit deals, a technical change aimed at simplifying how investors receive data on an older corner of the mortgage securities...
Federal Housing Finance Agency Director Bill Pulte said Friday that Fannie Mae and Freddie Mac are stepping up purchases of mortgage-backed securities, signaling a renewed push by the government-sponsored enterprises to add demand to a market confronting mortgage...
Fannie Mae is moving toward letting mortgage servicers proactively contact homeowners who may be able to eliminate private mortgage insurance, a policy shift that could put monthly savings in front of borrowers who otherwise may not know to ask. Federal Housing...
For years, the mortgage industry has complained about the rising cost of pulling credit. Those complaints weren’t imaginary. The Mortgage Bankers Association told Congress earlier this year that its members had experienced four consecutive years of significant...