Fairholme still owns a ton of GSE stock. At press time Wednesday, Fannie common was trading at $4.77. The most Fairholme ever paid for Fannie common was $2.07. Sweet…
Zach Oppenheimer, a senior vice president at Fannie Mae, said it’s a positive development that more private capital is coming into the mortgage servicing space.
The researchers confirmed that homebuilder originations from 2001 through the end of 2008 tended to go to lower credit-quality borrowers compared with originations from unaffiliated lenders.
It’s no secret that aggressive mortgage banking firms are recruiting top executives and loan officers away from other firms. One of the busiest recruiters that we know of its Mortgage Master of Walpole, MA.
A new poll on the Inside Mortgage Finance website tells the story: Just 24 percent of respondents want Fannie Mae and Freddie Mac taken out to the Jersey Meadowlands by Luca Brasi. (Leave the gun, take the cannolis.)
Mortgage servicing rights will never trade as freely as mortgage-backed securities, but agency officials say they are considering ways to facilitate the increasingly active MSR market. “The market is undergoing tremendous changes with great opportunities in mortgage servicing,” said Bob Ryan, a special advisor at the Federal Housing Finance Agency, during last week’s Secondary Market Conference sponsored by the Mortgage Bankers Association. “It has attracted ...
Reset issues in the government’s Home Affordable Modification Program will begin to surface in 2016 and worsen in later years, but the impact will be less severe than predicted, according to a new commentary by the Urban Institute. Analysts with the institute’s Housing Finance Policy Center said HAMP resets will be a challenge for many borrowers, particularly those who received the steepest interest rate reduction. “However, we are likely years away from ...
RSS