Through the first nine months of 2016, Freddie Mac earned $2.97 billion. It lost $354 million in 1Q and then turned around and posted a $993 million profit in the second quarter.

The research firm also cites what it calls a “lack of transparency regarding fundamental business and accounting drivers”…

In an interview with IMFnews, Freddie CEO Don Layton defended the GSE’s move toward automated appraisals…

Pingora Loan Servicing, Matrix Financial Services and Arvest Bank were the top acquirers of GSE servicing through co-issuance over the first nine months of the year.

Earlier in the year, the IRS said it planned to strengthen the protections for e-services accounts by requiring a stronger identity verification process for existing and new accounts.

The NPLs are being offered on behalf of a residential loan asset manager…

Guild Mortgage has partnered with FirstREX, a long-term investor in residential properties, in developing a downpayment program with a unique equity financing feature to help people buy larger homes while keeping their monthly mortgage payments low. Launched on Aug. 1, the FirstREX Homebuyer program allows FirstREX to contribute half of the 20 percent required for a Guild home-purchase loan. The 10 percent is an equity investment, not a loan, for which no ...

Nationstar Mortgage will service 87.4 percent of the mortgages with Cenlar handling the other loans.

This week, Fannie Mae launched an initiative that guarantees to alleviate buyback fears on certain loan components for lenders using its underwriting and appraisal tools. Fannie will also automate key processes of verifying loans, including income, through Desktop Underwriter’s new validation service.Under Day 1 Certainty, Fannie said lenders would be relieved from most representations-and-warranty risk related to verifying a borrower’s income, assets and employment using DU. “Those are the big ones,” a Fannie spokesman told Inside The GSEs. He said, “It validates right there and they are good to go,” adding that this is the kind of innovation that helps makes possible programs like Quicken’s Rocket Mortgage.

The secondary market in transfers of agency mortgage servicing rights gained some momentum during the third quarter of 2016, according to a new Inside Mortgage Trends analysis and ranking. A total of $94.96 billion of Fannie Mae, Freddie Mac and Ginnie Mae MSR connected to newly issued mortgage-backed securities changed hands during the third quarter. That was up 9.4 percent from the second quarter and represented the heaviest volume since ... [Includes two data charts]