Department of Housing and Urban Development Secretary Julian Castro has named one of his senior advisors, Ed Golding, as principal deputy assistant secretary temporarily in charge of HUD’s Office of Housing and the FHA. Golding is currently with the Office of Policy Development & Research and will assume his new post April 7. His appointment, however, has raised a few eyebrows on Capitol Hill because it had not gone through formal Senate confirmation, which some lawmakers say could get HUD in hot water. Golding, a former senior economist at Freddie Mac, is replacing...

The percentage of FHA borrowers refinancing their mortgage into another government loan has fallen through the floor the past two years, with all indications pointing to a rule change that prevents mortgage insurance from being cancelled over the life of the loan. Of course, increases in premiums haven’t helped either, but thanks to a January reduction in the annual FHA premium of 50 basis points, at least some of that business is coming back to the agency. “The life-of-the-loan issue is...

The Prestwick Group is selling a Fannie/Freddie $167 million bulk deal with a monthly flow component of $15 million to $20 million.

According to a March forecast, Fannie Mae estimates that $1.239 trillion of residential loans will be funded this year.

Former Fannie Mae CEO Daniel Mudd testified Tuesday in a civil trial over losses the GSE suffered on nonprime MBS...

Mid-range credit scores – from 700 to 739 – accounted for 21.3 percent of Fannie and Freddie business last year.

Reliance recently was approved for credit by a Wall Street wholesale lender that does 10 percent down, no-mortgage insurance loans...

Mortgage companies repurchased or provided indemnification to Fannie and Freddie on some $4.046 billion of mortgages during 2014.

Few lenders are counting on a reduction in the current “ongoing” GSE fee, which increased from 13 basis points in 2009 to 40 bps in 2013.

The selling depository – which MVSG did not name – prefers to retain servicing, but will consider an outright sale.