Fannie Mae is helping to alleviate some of the additional responsibilities servicers take on during post-foreclosure sales on reverse mortgage loans. In a Sept. 18 announcement, the GSE updated its policy and said it will now take responsibility for ground rents, co-op fees and assessments, and property taxes for certain properties in Fannie’s real estate- owned inventory. The policy change is applicable to all reverse mortgage loans. Last year Fannie also took on additional responsibilities from servicers for post-foreclosure sales. The GSE announced it would pay property taxes for acquired properties with a foreclosure sale date or final acceptance of an executed mortgage release after July 7, 2017.

But there’s a catch: the portfolio has a delinquency rate of 11.5 percent and foreclosures of 1.5 percent.

However, bankers and advisors who ply their trade in the MSR market have told Inside Mortgage Finance there is adequate financing available to nonbanks.

To date, Watt has maintained that he did not do anything legally wrong...

Rumors were floating around this week that a large non-QM securitization deal could be in the works...

The Federal Housing Finance Agency could do a better job at utilizing the information it gets from Fannie Mae and Freddie Mac fraud reports, according to the agency’s Office of Inspector General.

Simone Grimes, who holds the title of special advisor, is still employed by the agency.

Ocwen said its ability to utilize the NOLs to offset future taxable income may be significantly limited if the company experiences an ownership change.

Roughly 86 percent of the mortgages are purchase-money loans...

The trading peak for the year came in February at $239.2 billion.