While 2015 was a prosperous year for lenders, a tougher mortgage market lies ahead in 2016. With the Fed hanging at least four rate hikes over the industry, this could place damper on origination business operations.
Read More »Fannie Mae’s Single-Family Business Suffers from Credit Expenses
Just one day after FHFA Director Mel Watt stated during an address in Washington, D.C. that risks facing the Agency (namely the GSEs’ declining capital buffer) are “certain to escalate” the longer the conservatorships of the GSEs continue, Fannie Mae reported an annual net income of $11.0 billion for 2015—a decline of 23 percent from the previous year’s net income of $14.2 billion.
Read More »Freddie Mac Marks Fourth Consecutive Year of Profitability
The ability of the GSEs to remain profitable has been questioned by lawmakers and other stakeholders, but Freddie Mac answered the question Thursday with its fourth quarter and full-year earnings—at least for now.
Read More »Caliber Home Loans Appoints New CEO
Caliber Home Loans, Inc., a full-service national mortgage lender and servicer, announced that Sanjiv Das has been appointed CEO of the company.
Read More »3 Ways Originators and Servicers can Ensure Success in Today’s Housing Market
As originators and servicers brace themselves for the predicted slowdown in growth within their businesses, John Vella, Chief Revenue Officer at Altisource, shares his insight on how they can remain successful in a new housing environment.
Read More »Deutsche Bank Prepares to Tackle Legal, Law Enforcement Troubles
Since the close of the financial crisis, Germany's largest bank has faced several settlements related to violations of U.S. sanctions, rigging of interest-rate benchmarks, and allegations that it defrauded mortgage issuers Fannie Mae and Freddie Mac.
Read More »PennyMac’s Q4 Net Income Led by Loan Servicing
PennyMac Financial Services, Inc., recently reported higher fourth quarter profits, led by their loan servicing department.
Read More »U.S. Bank, Santander Pay $13 Million to Clear OCC Servicing Restrictions
The Office of the Comptroller of the Currency removed restrictions from two more banks, but the banks will also be paying a hefty penalty.
Read More »HSBC Agrees to Pay $470 Million to Settle Mortgage Abuse Allegations
The Department of Justice announced Friday that HSBC Bank reached a settlement with several federal agencies and almost every state attorney general regarding "mortgage origination, servicing, and foreclosure abuses."
Read More »Freddie Mac’s Mortgage Investment Portfolio Changes Course
After months of contraction, mortgage-related investments pick up the pace.
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