Freddie expects originations to hit $2.0 trillion this year, a 14.3 percent sequential improvement…

So, what’s wrong with banks and financial service companies offering sales quotas? Nothing at all, if...

Margaret Sweeny, the judge presiding over the case, is growing increasingly frustrated with the government’s attempt to keep documents out of the public domain

In fact, these two categories are responsible for more than 75 percent of all defects.

“We’re extremely concerned the CSP would be transferred to a nonprofit or a corporation where the board members include executives from JPMorgan Chase or GE Capital,” CMLA's Corso said.

All of the second-quarter increase can be attributed to Bank of America, which reported $372.0 million in repurchases for the period – up $67.0 million from the first quarter.

Fannie and Freddie could top last year’s $824.8 billion in single-family MBS issuance by the time 2016 is over…

Senior Vice President of Issuer and Portfolio Management Michael Drayne said recently the revised acknowledgement agreement could be ready by the end of September.

Fannie Mae and Freddie Mac saw a solid 10.0 percent increase in production of single-family mortgage-backed securities in August, and there are signs that the GSEs are regaining some lost market share as well. The two GSEs issued $91.59 billion of single-family MBS last month, their highest monthly total since August 2013. Interestingly, most of the increase came from rising refinance activity. The flow of refi loans is up 14.0 percent at Fannie and 8.7 percent at Freddie, while purchase-mortgage business rose 9.9 percent and 6.3 percent, respectively, at the two firms. Two thirds of the way through 2016, GSE single-family business was still down slightly from the first eight months of last year.

Credit unions and some others in the industry are apprehensive about the changes the GSEs’ Common Securitization Platform will bring as the date nears for Freddie Mac to issue the first mortgage-backed security on the system. The National Association of Federal Credit Unions wrote the Federal Housing Finance Agency last week citing concerns about the CSP’s potential impact on credit unions. While the trade group said it is not opposed to creating a more efficient platform with an open architecture to support multiple issuers, Ann Kossachev, NAFCU’s counsel, worries about a level playing field. “NAFCU and its member credit unions are concerned that the consolidation of the securitization programs will make it more difficult for...