• Ocwen7.70-0.08 -1.03%
  • Zillow96.08-0.45 -0.47%
  • Trulia+0 +0%
  • NationStar25.32-0.25 -0.98%
  • CoreLogic34.95-0.36 -1.02%
  • RE/MAX33.58-0.26 -0.77%
  • Fannie Mae2.82-0.05 -1.74%
  • Freddie Mac2.68-0.05 -1.83%
  • Wells Fargo54.05-0.76 -1.39%
  • CitiMortgage53.07-0.95 -1.76%
  • Bank of America15.56-0.23 -1.46%
  • Lennar48.58-1.57 -3.13%
  • Fidelity National Financial36.71+0.06 +0.16%
  • D.R. Horton28.27-0.19 -0.67%
  • PulteGroup22.19-0.15 -0.67%
  • First American35.68-0.20 -0.56%
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Home >> News >> Secondary Market

FHFA, Nomura Trial Over Mortgage-Backed Securities Winding Down

FHFA, Nomura Trial Over Mortgage-Backed Securities Winding Down

Nomura and the Royal Bank of Scotland, also a defendant in the case, are the first two financial institutions out of 18 sued by the FHFA in 2011 that failed to reach a settlement and took the case to trial. FHFA sued the 18 institutions to recoup U.S. taxpayer costs following the government's $188 billion bailout of Fannie Mae and Freddie Mac in 2008, after which the government seized control of both Enterprises.

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Fannie Mae to Auction Loan Bundle Worth $786 Million in First Bulk NPL Sale

Fannie Mae to Auction Loan Bundle Worth $786 Million in First Bulk NPL Sale

Bidders must meet qualifications set forth by FHFA. In early March, FHFA issued enhanced requirements for the buyers and servicers of Agency non-performing loans that call for bidders to identify servicing partners at the time of qualification and complete a questionnaire to demonstrate a record of successful loan resolution through foreclosure alternatives, since many of the loans being sold in these portfolios are deeply delinquent – two years or more delinquent in some cases.

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Ocwen to Sell $9.8 Billion MSR Portfolio to Nationstar

Ocwen to Sell $9.8 Billion MSR Portfolio to Nationstar

There are approximately 81,000 loans in the portfolio involved in the transaction, according to Ocwen's announcement. The transaction is subject to a definitive agreement as well as approval from Freddie Mac as well as Freddie Mac's conservator, the Federal Housing Finance Agency (FHFA).

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Profits Shrink at Fannie Mae

Profits Shrink at Fannie Mae

For all of 2014, Fannie reported profits totaling $14.2 billion, down from $84 billion in 2013. Like its sister company, Freddie Mac, Fannie's 2013 results got a major boost from a one-time benefit related to deferred tax assets and a surge in funds from securities settlements.

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Morgan Stanley Makes Bid to Squash FHFA Suits

Morgan Stanley Makes Bid to Squash FHFA Suits

FHFA, which is suing on behalf of the RMBS pools' trustees, claims that Morgan Stanley committed a breach of contract by failing to buy back the poor performing loans, which were pooled into securities and sold to Freddie Mac in 2007, according to reports.

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