Texas is well represented in the bulk package being offered by Phoenix Capital.

The captive insurer is owned by a REIT, a spokeswoman for the district bank said, but declined to name either.

Despite the sequential jump in buybacks, the fourth quarter total was the second-lowest repurchase amount disclosed by the two...

Will Ocwen Financial get compensated for the termination?

Bank demand for MBS has increased due to new accounting requirements and a decline in total residential loan production in recent years.

In a March 11 report, the Office of Inspector General scrutinized Fannie Mae’s appointment of its chief audit executive. The report highlights “risks” associated with the October 2013 candidate selection. The CAE is responsible for directing Fannie’s internal audit department, a critical element of Fannie’s risk management controls, according to the report.

Fannie Mae and Freddie Mac held $54 billion mortgages more than a year past due as of the end of the third quarter of 2014 and the Federal Housing and Finance Agency is counting on selling more nonperforming loans to the private sector.

High GSE guarantee fees should be lowered because market risks have lessened significantly since the housing market crisis, according to the Community Mortgage Lenders of America. A 25 basis points adverse market fee was imposed when excessive levels of housing inventory and declining values were commonplace in many U.S. housing markets, said CMLA Chair Paulina McGrath.

Pennsylvania’s Senator Pat Toomey said the Third Amendment to the terms of the GSE conservatorship is not fair to Fannie and Freddie investors. By claiming all future GSE profits, the Republican lawmaker said, the Treasury effectively eliminated all remaining shareholder value.

The Community Home Lenders Association last week said that more investigation is needed before the Federal Housing Finance Agency finalizes its proposed increase in capital and liquidity requirements for Fannie Mae and Freddie Mac servicers.