Fannie Mae and Freddie Mac have been approved to once again participate in the low income housing tax credit program aimed at affordable rental housing, but their share will be limited as to not impede on the private market.
Industry fundamentals in the auto ABS sector are improving in the wake of the hurricanes, ac-cording to a report by a pair of analysts at Wells Fargo Securities.
Mortgage banker David Kittle, a candidate for Ginnie Mae president, has informed the White House and Housing and Urban Development Secretary Ben Carson that he is no longer interested in the position, according to industry sources. Kittle, a founding partner and vice chairman of the Mortgage Collaborative, an industry vendor, could not be reached for comment. Kittle was first approached by the White House nine months ago about the job. A background check on the potential nominee was reportedly underway but he was never officially nominated. The industry veteran began his mortgage-banking career as a loan officer with American Fletcher Mortgage Co. He is a past chairman of the Mortgage Bankers Association, completing his term in October 2009. A Republican, he also once served as president of the Kentucky Mortgage Bankers Association. Kittle’s withdrawal leaves the ...
As press time, details were sketchy, but lobbyists who claim to have knowledge of the draft caution there are several “different pieces” to the measure...
Fannie Mae and Freddie Mac set aside a combined $1.9 billion to cover potential losses to MBS collateral from the powerful hurricanes that slammed the U.S. and its territories this fall. Ginnie Mae, meanwhile, hasn’t issued an update on affected loans in several weeks, but the government guarantor is trying to stay optimistic.
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