Tag Archives: Freddie Mac

The Mortgage Bankers Association (MBA) released the third paper in its series on secondary market reform.

Freddie Mac announced that Richard C. Hartnack, formerly vice chairman and head of consumer and small business banking at U.S. Bancorp, has been elected as a director on the company's board.

The Federal Housing Finance Agency (FHFA) reported a slight bump in contract mortgage interest rates throughout April.

Encouraging economic data helped lift fixed mortgage rates to their highest level in the past year this week, according to surveys from Freddie Mac and Bankrate.com.

The Federal Housing Finance Agency (FHFA) and Citigroup have reached a settlement over allegations of fraud in the selling of $3.5 billion of mortgage-backed securities.

The National Association of Federal Credit Unions (NAFCU) offered a comment letter Tuesday addressing the Federal Housing Finance Agency's (FHFA) proposed restrictions on lender-placed insurance practices. In a response for the association, NAFCU senior regulatory affairs counsel Tessema Tefferi urges FHFA to scale back the discussed restrictions, which he believes are too broad. In addition, Tefferi asks the agency to ensure its policies and regulations are consistent with those already laid out in the Real Estate Settlement Procedures Act (RESPA).

Freddie Mac's total mortgage portfolio expanded in April, but growth slowed as purchase and issuance activity declined from March, the GSE reported. According to Freddie Mac's monthly volume summary, its total portfolio grew at an annualized rate of 0.6 percent last month, a setback compared to March's 4.0 percent growth rate but still above January and February's contracting figures. As of the end of the month, the portfolio's ending balance was about $1.95 trillion.

Fixed mortgage rates trended higher for the third consecutive week, according to reports from Freddie Mac and Bankrate.com.

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.