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Inside The GSEs
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GSE Shareholders More Confident As Judge Releases New Government Documents to Plaintiff Attorneys

October 12, 2017
As Fannie Mae and Freddie Mac shareholders inch closer to having hundreds of government documents released in pending shareholder lawsuits surrounding the conservatorship and preferred stock purchase agreement, they are more confident the court will rule in their favor. In the latest development in Fairholme Funds v. the United States, Federal Claims Court Judge Margaret Sweeney last week granted a motion to compel the disclosure of documents filed over the summer by ...
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The GSEs Should Report Robust Earnings for 3Q17. Here’s Why…

October 11, 2017
Paul Muolo
A previously announced legal settlement with Royal Bank of Scotland will soon hit the books...
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Credit Report Gripes Filed with the CFPB Go Sky High

October 11, 2017
Thomas Ressler
Gripes to the bureau leapt by 53.4 percent on a sequential basis…
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GSEs Unaffected by Deloitte’s Computer Break-In

October 11, 2017
Paul Muolo
A Freddie spokesman noted: “We take cyber-security seriously as it relates to every aspect of our business.”
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Fannie MH Pilot Program Could Boost This Niche Market

October 11, 2017
Carisa Chappell
While the pilot is limited to New Hampshire home buyers, Fannie thinks the pilot could open the door to other states doing something similar…
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Short Takes: CIT Will Take Hefty Hit on Sale of Financial Freedom / OneWest’s Roots / Fannie and Freddie Affected by Deloitte Hack? / ALTA Unveils Registry / A New Hire for Platinum

October 10, 2017
Paul Muolo and Brandon Ivey
CIT Group will take a charge of up to $50 million on the sale of Financial Freedom...
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The Equifax Data Breach – What it Might Mean for the Mortgage Industry. Warehouse Implications?

October 10, 2017
Paul Muolo
Overall, hackers stole financial information on roughly 140 million American consumers…
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Judge in Closely Watched GSE Shareholder Case Moves to Release More Documents

October 9, 2017
Carisa Chappell
The plaintiffs have long argued that the government is trying to keep roughly 1,500 documents hidden under the deliberative process and bank examination privileges.
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GSE Purchase-Loan Share Hit 63 Percent in 3Q17, a 10-Year High

October 9, 2017
John Bancroft
The flow of home loans for first-time buyers was up a robust 24.7 percent on a sequential basis…
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Mortgage Brokers Added 1,400 Jobs in August, Lenders Not so Much

October 9, 2017
Paul Muolo
Steve Abreu, founder and CEO of Newfi, said the privately held nonbank is taking resumes from wholesale representatives and underwriters.
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