Through the first nine months of 2013, an estimated 22 percent of the $1.59 trillion in mortgages originated (including second liens) had non-agency execution.
Jeff Detwiler, president and chief operating officer of Long & Foster Companies, noted that that higher interest rates are playing a big role in the lower home sales realtors are seeing in the Washington DC metro area.
A spokesman for WJB told IMF that the lender/servicer may send out an additional 2,000 data breach notifications, pending the results of a computer forensic review.
The former House Democrat has already halted for now certain DeMarco-era directives, including the FHFAs December announcement of a 10-basis point guaranty fee increase.
Chief among the focal points of discussion will be the bureau's new ability-to-repay/qualified mortgage rule, which establishes strong consumer protections that ensure qualified homebuyers have access to safe, affordable home loans they can pay back.
MountainView and The Prestwick Mortgage Group are out in the market with new deals for mortgage servicing rights. The new year should prove to busy for MSR sales.
Just how important are Fannie Mae and Freddie Mac to the revenue picture of the U.S. government? According to calculations from The Collingwood Group, a Washington-based consulting firm, GSE dividends in 2013 will be the fourth largest source of federal revenue.