Fannie Mae’s Servicing Marketplace has been up and running since December and the government-sponsored enterprise plans to add additional features later this year.
Fannie Mae and Freddie Mac recorded sharp declines in new business volume during the first quarter of 2018 despite a promising launch into the spring homebuying season.
Owners of mortgage servicing rights are in a sweet spot right now – thanks to rising interest rates, which have caused the asset value of their portfolios to rise by as much as 15 percent this year.
There is a lot of interest in Ginnie Mae’s proposed credit-risk transfer pilot with FHA that’s scheduled for later this year, according to the agency’s acting chief.
This is what can happen when a federal agency is taken over by someone who once called it a “sick, sad joke.” Consumer Financial Protection Bureau Acting Director Mick Mulvaney this week issued a semiannual report asking Congress to remake the agency and require that major CFPB rules be approved by Congress.
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