The share price of Fannie Mae and Freddie Mac common had been in the tank all summer but last week spiked upwards on the news that the Treasury Department plan to recap-and-release the two is now (reportedly) on the desk of Larry Kudlow...
Generally, it’s a bullish sign when executives purchase shares of their companies in the open market, especially if they’re paying cash as opposed to buying on margin.
CEO Craig Knutson: “MFA’s reputation as a reliable buyer of residential whole loans and dependable capital partner has enabled us to source significant volume of whole loans, including transactions with limited competition.”
Ocwen’s Liberty Home Equity Solutions recently launched a non-agency reverse mortgage product. The EquityIQ loan allows borrowers to access up to $4 million in up-front cash...