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F E D E R A L H O U S I N G F I N A N C E A G E N C Y O F F I C E G O F I N S PE C T O R E N E R A L FHFA OIG Federal Housing Finance agency oFFice oF inspector general semiannual report to tHe congress April 1, 2013, through September 30, 2013
Ocwen unveils new principal reduction program PRINCIPAL REDUCTION MODIFICATION . BACKGROUND. The Federal Housing Finance Agency (FHFA) undertook an extensive evaluation to determine whether to implement a Principal Reduction Modification program for seriously delinquent, underwater borrowers whose loans are owned or guaranteed by Fannie Mae or Freddie Mac (the Enterprises).Bank of America quants issue mortgage rate warning Bank of America quants issue mortgage rate warning housingwire.com | May 6, 2014. Analysts at Bank of America Merrill Lynch are making an interesting argument on whether or not the Federal Reserve should consider putting a temporary halt on the taper.. the quants provide the following.
Swimming Pools Are a Highly Prized Amenity Amid the Summer Heat (LendingTree), Rated: AAA. A new LendingTree study ranks the 50 largest cities by its share of homes with a swimming pool.We found that about 10% of homes have pools, ranging from nearly 33% in Phoenix to 1% in Portland, Ore. We also looked at the values of homes with and without swimming pools to show how much this amenity is worth.
Hurricane Dorian Start of Seasonal Risk to CMBS, RMBS Properties. Hurricane Dorian is not expected to affect commercial mortgage backed securities (CMBS) and residential mortgage backed securities (RMBS) ratings due to pool diversification, servicer advancing, and insurance coverage, says Fitch Ratings.
BofI Holding posts record quarterly net income San Diego-based BofI Holding Inc., the parent company of online bank BofI Federal Bank (BofI), reported this week net income of $32.4 million for the past quarter, 12.1 percent more than the $28.9 million the bank earned the same quarter the year prior. The earnings reported were from the first quarter of BofI’s fiscal 2018, which ended Sept. 30.
But the rise in nonbank activity is being driven by private-label secondary market investors that are willing to buy super jumbos for both whole loan and securitized investments. The number of nonbank investors and aggregators that offer super jumbos was 60% higher in June than it was a year ago, Optimal Blue said.
A while back, although still very relevant, Fitch predicted that origination activity will fuel nonbank servicing growth. While nonbank servicers are expected. Banks & Credit Unions providing.
Moody’s Says US May Wind Down Fannie, Freddie As of May 20, Fannie Mae will issue Single-Family securities backed by fixed-rate and adjustable-rate mortgage loans or bonds through. Current Operational Status Of Affairs = Wind Down Collectively known as the GSEs. In the most likely economic scenario, nearly 90 percent of the losses at Fannie Mae and Freddie Mac are already.
California threatens to suspend Ocwen’s mortgage license. By News feed It’s not just New York that’s looking to punish Ocwen Financial for its business practices. Now, the entire state of California is coming after Ocwen, too. And if it succeeds, it would be a massive blow to the nonbank servicer’s portfolio of loans.
Fitch: Rise of nonbank servicers threatens private-label RMBS US shutdown could spill over to Europe single-family housing starts improve Fremont’s subprime platform collapses; fdic steps In WASHINGTON – The Federal Deposit Insurance Corp. is taking steps to brace for an increase in failed financial institutions as the nation’s housing and credit markets continue to worsen. The FDIC is looking to bring back 25 retirees from its division of resolutions and receiverships.The new.
Fannie, Freddie to raise g-fees in April Jacob Gaffney named editor-in-chief at HousingWire DALLAS, TX–(Marketwired – Aug 24, 2015) – HousingWire, the nation’s leading source of news and information for the U.S. housing economy, today announced the promotion of Jacob Gaffney to Editor.FHFA said it has directed Freddie Mac and Fannie Mae to raise guarantee fees in three components: The base g-fee (or ongoing g-fee) for all mortgages will increase by 10 basis points.Mortgage Contracting Services relocating to Lewisville, Texas It is estimated that the effects of Hurricane Gustav in Louisiana and the effects of Hurricane Ike in texas added approximately 45,000 claims to the total. The 4-week moving average. professional.