Loan sellers and servicers doing business with Freddie Mac will be charged a so-called low-activity fee for not meeting new quotas for loan deliveries and mortgage servicing beginning next year, according to a policy change announced recently by the government-sponsored enterprise. Freddie Mac said it will assess lenders a fee of $7,500 if they fail to deliver mortgage loans with an aggregate principal balance of more than $5 million or service mortgages for the GSE with an aggregate balance of at least $25 million. Freddie will begin monitoring loan sales and servicing beginning this year and imposing the low-activity fee on slackers on Jan. 1, 2014. There were at least 277 lenders that sold...

The mortgage M&A market is heating up and not just in the lending space. Moreover, a large insurance company is contemplating an entry into the business.

Thomas Popik, research director for Campbell Surveys, said first-time buyer demand appears to be leveling off due to changes at the FHA.

Analysts at Bank of America Merrill Lynch and elsewhere cite evidence of a “creeping goal line” to move back by 12 months the June 1, 2009, cut-off date for HARP eligibility.

Reps. Shelley Moore Capito, R-WV and Sean Duffy, R-WI, respectively chairman and vice chairman of the subcommittee, had not viewed the CFPB’s analysis on QM.

FHA jumbo lenders produced an estimated $5.44 billion in loans over $417,000 during the first three months of the year.

Sen. Warner recently paid a visit to Freddie Mac employees but offered little information about his pending GSE bill.

Thanks to coming changes in FHA’s mortgage insurance premium cancellation policy, investors in the secondary market met avoid these loans.

Are Fannie Mae and Freddie mac sitting on huge untapped profits?

Many smaller mortgage lenders are looking for alternatives to selling loans to large national aggregators like Wells Fargo.