One Fannie/Freddie historian reminded us recently that there used to be a conforming loan limit for GSE multifamily loans. The big question: Why did it disappear?...
In terms of new HELOC commitments for the second quarter, Bank of America led the pack with $2.77 billion, followed by Wells Fargo ($1.91 billion) and Citizens Bank ($1.50 billion).
The latest reorganization plan hinged on the pre-sale of key Ditech assets, with New Residential Investment purchasing its origination and servicing business for $1.1 billion.
As conservator of Fannie and Freddie, the FHFA failed to perform its duty to take actions "necessary to put the regulated entity in a sound and slovent condition" and to "preserve and conserve" its assets.
The organization’s largest sources of revenue — by far — are its annual convention and the cash it takes in from membership dues: $30.4 million and $24.3 million, respectively.