Freddie Mac had been lending Fed Funds (overnight loans) to Lehman Brothers since 2005. Then, in 2008, the nature of those loans changed to longer term borrowings.
Wall Street will hit the halls of Congress on the issue of eminent domain. Meanwhile, these lenders are refi-heavy: Wells Fargo, Chase, and Quicken. See our exclusive list.
The decline in refinance mortgage lending that began in early 2013 continued into the third quarter, with refi originations moving to their lowest level in two years. According to a new Inside Mortgage Finance ranking and analysis, refinance mortgage production fell 12.9 percent from the first quarter of 2013 to the second, with an estimated $332.0 billion in new originations for the period. Refinance production has continued to decline since the end of June. Securitization of refinance loans by Fannie Mae, Freddie Mac and Ginnie Mae declined...[Includes three data charts]
Its no secret that its now a sellers market for mortgage servicing rights, even for legacy portfolios that are suffering from high delinquency rates. But that isnt stopping outside cash from plowing into the receivables game. There continues to be a lot of money out there seeking to invest in the MSR market, said Mark Garland, president of MountainView Servicing Group, Denver. Over the past two years, upwards of $1 billion has been raised...
Fannie Mae has yet to implement a red flag system to identify trends and data anomalies for servicer reimbursements, according to a new report from the FHFA Inspector General.