The Morgan Stanley veteran will oversee technology and operations at the mortgage giant starting in May.

Freddie has informed multifamily seller/servicers that it will treat all lawful permanent residents the same as citizens.

The mortgage giant spelled out what servicers must do to ensure the GSE’s interests are protected by adequate property insurance on the collateral backing its mortgage loans. Fannie also hedges its bets on a lapse in the NFIP.

The capital markets teams at Fannie and Freddie churned out a reperforming loan sale, a Guaranteed Multifamily Structures deal and a Structured Agency Credit Risk transaction.

A Fannie survey highlights how sentiments have changed among condo lenders after Fannie Mae and Freddie Mac imposed new restrictions in the wake of the Surfside tower collapse in 2021.

FDIC call-report data show mortgage banking income at banks and thrifts declined by a quarter sequentially, although full-year profits dropped by just 4%. Chase was easily the most profitable bank in the mortgage sector. (Includes data table.)

As lawmakers move to ban the use of trigger leads, lenders should focus their dollars on other marketing sources.

The Community Home Lenders of America last week wrote to the CEOs of credit bureaus Equifax, TransUnion and Experian, asking them to roll back recent price increases on soft credit pulls.

The banking industry reported a slight contraction in its servicing for others in the fourth quarter of 2023. Wells Fargo accounted for a significant share of the industry’s decline. (Includes data table.)

One area of particular concern among quality control regulators is mortgage servicing rights transfers, a Mortgage Quality Management & Research vice president said last week.