Tag Archives: Fannie Mae

The stage is set for the private residential mortgage-backed securities (RMBS) market to make a comeback this year, Barclays says in a new research report.

Fannie Mae and Freddie Mac reminded servicers of mortgage relief options available to homeowners whose residences were affected by the tornado that ravaged areas in Oklahoma.

The Mortgage Bankers Association (MBA) shared a proposal that it says would bring private capital back into the mortgage market while decreasing costs for taxpayers and borrowers.

In its most recent economic outlook, Fannie Mae's Economic and Strategic Research Group revealed expectations for the economy to continue the modest recovery and grow 2.2 percent this year.

Lender Processing Services, Inc. introduced the web-based Workout Interaction Tool (WIT), which provides data from its MSP servicing system to and from Fannie Mae's Servicing Management Default Underwriter (SMDU) platform.

Fannie Mae and Dallas-based accounting firm, KPMG agreed to a $153 million settlement with a group of Ohio shareholders last week.

In the first quarter of this year, Fannie Mae reported pre-tax income of $8.1 billion, the largest in its history.

First-quarter net income at Freddie Mac was $4.6 billion, barely above the $4.5 billion recorded in Q4 2012 but well above the $577 million in last year's first quarter.

In the latest in its Transition to "Normal" series, Fannie Mae's Economic and Strategic Research group examines the residential construction sector.

The Home Affordable Refinance Program (HARP) continued to bolster refinance numbers in February, according to a refinance report from the Federal Housing Finance Agency (FHFA). Fannie Mae and Freddie Mac reported 97,738 HARP refinances throughout the month, bringing the total number of HARP refinances (from the program's inception) to approximately 2.3 million. FHFA also reported HARP refinances accounted for 21 percent of total refinance volume in February.