• Ocwen2.71+0.04 +1.50%
  • Zillow42.87-0.36 -0.83%
  • Trulia47+0 +0%
  • NationStar17.37-0.19 -1.08%
  • CoreLogic41.81+0.10 +0.24%
  • RE/MAX55.25-0.40 -0.72%
  • Fannie Mae2.81+0.08 +2.93%
  • Freddie Mac2.675+0.055 +2.099%
  • Wells Fargo53.02-0.72 -1.34%
  • CitiMortgage61.07+0.37 +0.61%
  • Bank of America24.00-0.07 -0.29%
  • Lennar50.39-0.60 -1.18%
  • Fidelity National Financial40.39-0.08 -0.20%
  • D.R. Horton33.07-0.18 -0.54%
  • PulteGroup22.75-0.27 -1.17%
  • First American41.66-0.40 -0.95%
  • BKFS39.10+0.20 +0.51%
  • AUDUSD=X0.7384+0.0006 +0.0745%
  • USDJPY=X113.2800-0.5410 -0.4753%
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Home >> News >> Secondary Market

Freddie Mac Portfolio Up 0.5 Percent

Freddie Mac Portfolio Up 0.5 Percent

Freddie Mac’s latest summary report reveals an increase in both its total mortgage portfolio and its mortgage-related securities. Its mortgage portfolio rose 0.5 percent over the year, while its mortgage-related securities and guarantees jumped by 2.1 percent. The government-sponsored enterprise has funded $127 billion mortgages year-to-date.

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OneWest Settles Reverse Mortgage Litigation

OneWest Settles Reverse Mortgage Litigation

The United states had alleged that Financial Freedom had not properly disclosed on the insurance claims forms it filed with the FHA that the mortgagee was not eligible for such interest payments because it had failed to meet various deadlines relating to appraisal of the property, submission of claims to HUD, and pursuit of foreclosure proceedings. Despite this, had sought to obtain insurance payments from insurance.

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Wells Fargo Brings Back Private-label Bonds

Wells Fargo Brings Back Private-label Bonds

According to an executive at Wells Fargo, the bank will begin issuing private-label bonds—the first time it's done so since 2008. Backed by non-government guaranteed mortgage loans, these bonds offer lower risk to banks and, therefore, lower interest rates for borrowers. JPMorgan and Redwood Trust have also begun issuing these types of bond as of late.

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GSEs Work to Assist Underserved Markets

GSEs Work to Assist Underserved Markets

On Monday, Fannie Mae and Freddie Mac released their proposed Duty to Serve (DTS) plans. The purpose of the plan is to better serve some persistent affordable housing problems in the U.S. DTS is a Federal Housing Finance Agency plan which requires Fannie and Freddie to increase the availability of mortgage financing in rural housing, manufactured housing, and affordable housing preservation in order to serve very low- to moderate-income families.

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The Week Ahead: Evaluating Conservatorship

The Week Ahead: Evaluating Conservatorship

On Thursday at 10 a.m. EST, the Senate Banking Committee will hold a hearing titled “The Status of the Housing Finance System After Nine Years of Conservatorship,” with Director of the Federal Housing Finance Agency (FHFA) Mel Watt serving as a witness. With Fannie Mae and Freddie Mac preparing for change under the current administration, the nine-year mark of the conservatorship of the GSEs could mean big changes.

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Millennials Head (Mid) West

Millennials Head (Mid) West

According to Ellie Mae’s most recent Millennial Tracker for March, millennial homebuyers are moving to the Midwest. Homes in Midwestern states have proven to be more affordable, and Mount Vernon, Illinois was the most popular metropolitan area for homes purchased by millennial buyers. Other popular cities for millennials included Midland, Texas and Odessa, Texas.

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How the FHA May Impact the Supreme Court Foreclosure Ruling

How the FHA May Impact the Supreme Court Foreclosure Ruling

The Supreme Court found that the Miami's claims against Bank of America and Wells Fargo fell within the “zone of interests” established by the Fair Housing Act (FHA), which means that Bank of America and Wells Fargo’s practices had led to decreases in tax revenue and increased costs for maintaining foreclosed properties. What are the implications of this finding? We hear from industry lawyers to find out.

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Proposal Details Possible GSE Reform Plan

Proposal Details Possible GSE Reform Plan

A key industry organization has released a white paper outlining a GSE reform plan. The paper details how the reform should occur, how to handle the transition, and the secondary market’s role in it all. The organization hopes to work with legislators on creating a bipartisan reform plan.

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Refis Continue Dip, FICO Scores Up

Refis Continue Dip, FICO Scores Up

A new report shows refinancing is continuing its downward trend, declining for the third month in a row this year. Just 37 percent of all closed loans in March were refinance loans. The report also shows closing times down and FICO scores up, particularly on conventional loans.

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A Nation of Overleveraging

A Nation of Overleveraging

A new list reveals the country’s most overleveraged cities—areas where mortgage balances far outweigh home values and median incomes. San Luis Obispo, California, topped the list, with a mortgage debt-to-income ratio of more than 2,000 percent. The market’s historically low mortgage rates are likely to blame for overly ambitious buying.

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