The SEC said the deal has taken nearly $70 million in losses – the greatest loss rate of any comparable securitization from Bank of America. An additional $50 million in losses are expected.

In its earnings release, Freddie said it will not capture its deferred tax asset (DTA) valuation allowance which now stands at $28.6 billion.

Who says that wholesale lending through loan brokers is dead? Carrington Mortgage and other firms are expanding in the sector.

Though the end of July, Freddie has issued roughly $302 billion of single-family MBS compared to $500 billion for Fannie.

The NAIHP is concerned that "responsible consumers" may have been "intentionally" knocked out of the QM box.”

Portfolio recapture, wholesale, and builder channels accounted for almost 79 percent of its fundings in 2Q.

The White House believes that the current housing finance system, where the government guarantees more than 80 percent of all mortgages through Fannie Mae, Freddie Mac and FHA, is unsustainable.

Is refi specialist CashCall still on the auction block?

Most of the apartment loans being securitized go through Fannie Mae and Freddie Mac programs.

The guidelines follow the Senate’s passage last week of the Reverse Mortgage Stabilization Act of 2013.