• Ocwen23.530.00 0.00%
  • Zillow115.020.00 0.00%
  • Trulia49.240.00 0.00%
  • NationStar29.900.00 0.00%
  • CoreLogic33.260.00 0.00%
  • RE/MAX32.310.00 0.00%
  • Fannie Mae2.49+0.03 +1.22%
  • Freddie Mac2.41+0.01 +0.42%
  • Wells Fargo53.810.00 0.00%
  • CitiMortgage53.660.00 0.00%
  • Bank of America17.120.00 0.00%
  • Lennar47.290.00 0.00%
  • Fidelity National Financial30.360.00 0.00%
  • D.R. Horton25.490.00 0.00%
  • PulteGroup21.670.00 0.00%
  • First American31.550.00 0.00%
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  • USDJPY=X118.462N/A N/A
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Home >> News >> Secondary Market

BofA, US Bancorp to Pay $69M in MBS Investor Suit

BofA, US Bancorp to Pay $69M in MBS Investor Suit

According to a motion filed with New York's Southern District Court, Bank of America and US Bancorp agreed to pay $69 million to a number of state and local pension funds that lost millions from their investment in MBS purchased from Washington Mutual before its collapse in 2008.

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GSE Reform in a Post-Midterm Congress

GSE Reform in a Post-Midterm Congress

To say the Republicans have an uphill battle ahead where GSE reform is concerned is an understatement. The president has the power of the veto pen and while both sides have vowed to work together on areas that they can disagree, the extent to which he would support major Republican led legislation remains to be seen.

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Fannie, Freddie Report Moderate Growth in Profits

Fannie, Freddie Report Moderate Growth in Profits

Fannie Mae and Freddie Mac are set to send another $6.8 billion to the U.S. Treasury after posting a mild increase in profits for the third quarter. By the end of this year, the two GSEs, which have been in conservatorship since 2008, will have returned a combined $225.5 billion to taxpayers.

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Freddie Mac’s Portfolio Grows in September

Freddie Mac’s Portfolio Grows in September

According to the company's volume summary, Freddie Mac's total portfolio grew last month at an annualized rate of 2.2 percent, bringing the year-to-date average growth rate to -1.1 percent. The only other time the portfolio came up positive this year was in July, when it expanded at a rate of just 0.1 percent.

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Fed, SEC Approve Finalized QRM Rule

Fed, SEC Approve Finalized QRM Rule

The residential mortgage loan risk retention rule, known as the "qualified residential mortgage" (QRM) rule, was approved on Wednesday by the U.S. Federal Reserve Board and the Securities and Exchange Commission (SEC). The agencies are the last of the six groups charged with putting together the finalized rule.

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