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Secondary Market

An Ounce of Prevention

FHFA released its May Foreclosure Prevention report, spotlighting data detailing its efforts to help stave off foreclosure. Did they amount to a pound of cure … or is the scale tipping in the wrong direction?

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Honoring Housing’s Top Females

Nominations are now open for MReport’s Women of Impact list, which features influential female leaders in the housing and mortgage industry. The honorees will be recognized in the magazine’s special Women in Housing issue in September.

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Industry Report Aims to Tackle Abandoned Property Problem

The National Mortgage Servicing Association is calling for federal agencies to work together in conjunction with the mortgage servicing community to standardize the treatment of vacant and abandoned properties, a known cause of community blight and haven for crime. The organization submitted a report to the leadership of HUD, CFPB, the U.S. Department of the Treasury, OCC, Fannie Mae, and Freddie Mac outlining the problem, proposing solutions, and identifying the benefit of each recommendation for the consumer.

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The Battle Against Blight: State and Local Officials Meet

Recently, in a roundtable event on community blight in Harrisburg, Pennsylvania, a town plagued with hundreds of cases of community blight, Senators and experts met to discuss possible solutions. What steps can be taken to curb the disastrous effects of blight? Read on to see three video clips showcasing the highlights of the meeting.

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Long Road Ahead for GSE Profit Allocation Battle

The Government has been trying to figure out where the profits from Fannie Mae and Freddie Mac will go for over four years now, but according to a prominent hedge fund manager, it could go on another five more. When investors bought into the GSEs during the 2008 housing crash, they were under the impression that the allocation of profit would be amongst the shareholders. When the company changed their terms in 2012, a legal battle ensued that could last a total of 10 years.

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