Freddie officials stated that the GSE continued to incur market-adjusted pricing costs in the form of lower MBS guarantee fees.

The Fannie/Freddie receivables would come primarily from California, Florida and Texas.

Franklin Codel's LinkedIn profile had been wiped clean...

Fannie Mae’s Servicing Marketplace that connects servicers and sellers during transfers, is expected to be up and running shortly after Thanksgiving. In a recent servicing guide update, the GSE noted that certain loans delivered under whole loan servicing released commitments taken on or after Dec. 4, 2017, will be bifurcated if sellers participate in its servicing execution tool or the Servicing Marketplace.The mortgage giant designed the application to simplify and bring new concurrent transfers of servicing options to customers. Fannie noted that it also hopes to provide certainty of sale, execution, and process efficiency. Lenders must be approved to participate in the servicing marketplace.

A major changing of the guard is now afoot in the mortgage industry...

Kittle was first approached by the White House nine months ago about the job.

Republicans are reportedly on board with the federal MBS guarantee but reluctant to backstop future guarantor entities…

More M&A deals are expected in the quarters ahead…

Upon Cordray’s announcement, Rep. Hensarling declared: “We are long overdue for new leadership at the CFPB, a rogue agency that has done more to hurt consumers than help them…”

Today, just three depositories remain among the top 25 HECM lenders: First Bank (ranked 16th at mid-year), The Federal Savings Bank (19th) and Quontic Bank, FSB (21st).