Loan sales to Fannie Mae, Freddie Mac and Ginnie Mae plummeted further in the second quarter as desperate lenders tried to boost volume by easing credit quality standards. (Includes one data chart.)
Although the nation’s job numbers look exceeding bright, all is not well with the mortgage industry where the job shedding machine is working overtime.
FHFA is expected to produce a long list of recommended actions to modernize the FHLBank system, but large-scale reform will probably require legislation.
Unsealed documents in the pre-trial filings for Fairholme v. FHFA reveal the names of prominent witnesses expected to testify in the October jury trial.
MCT and Freddie Mac experts discussed the strategies of managing MSR assets. While some firms are interested in the best financial deal they can get, others are focused on retaining clients.
A big first half of CRT activity brings Freddie’s total issuance to date to nearly $100 billion covering single-family mortgages with an original balance of more than $3.5 trillion.