HomeReady will become part of DU later this year and replaces the MyCommunityMortgage product, which in some circles was known as Fannie’s “subprime” option.

Freddie’s multifamily business grew so much that some industry observers worried that the GSE could reach the $30 billion annual multifamily business cap set by the FHFA.

Fannie Mae on Thursday unveiled that Lone Star (LSF9 Mortgage Holdings) was the sole winning bidder on its second sale of non-performing mortgages. The auction was marketed in late July and is expected to settle Sept. 25.

On Wednesday, Freddie Mac announced that it guaranteed its second multifamily small balance loan securitization. The government-sponsored enterprise expects to guarantee approximately $109 billion in SB Certificates and plans to price them next week.

The Federal Housing Finance Agency released final housing goals for Fannie Mae and Freddie Mac for 2015 through 2017 on Wednesday. It increased both the single-family low-income purchase goals and multifamily low-income goals and established a new low-income housing subgoal for small multifamily properties.

MGIC recently pointed to lenders using piggyback structures to avoid PMI as a potential headwind to future earnings...

HUD's Neighborhood Watch system is down, but this cabinet level agency has no explanations for the press or public

Thanks to second quarter profits posted by Fannie Mae and Freddie Mac, the Treasury Department will be richer by $8.3 billion...

Freddie CEO Don Layton noted that, “G-fees now account for more than 40 percent of income and is becoming a growing revenue source.”

Lenders One, by the way, is looking for a new CEO. Its former chief executive, Jeff McGuiness, left back in June...