Freddie Mac’s total mortgage portfolio expanded for the ninth straight month and for the 14th time in the last 16 months in October 2015, according to the Enterprise’s October 2015 Monthly Volume Summary released on Thursday.
Read More »President Signs Fannie Mae & Freddie Mac CEOs Salary Cap Bill into Law
The bill "suspends compensation packages approved for 2015 for the chief executive officers of the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, and any of their affiliates, and reinstates the compensation and benefits previously in effect," the statement said.
Read More »FHFA Establishes GSEs’ Conforming Loan Limits for 2016
The Federal Housing Finance Agency announced Wednesday that Freddie Mac and Fannie Mae's maximum conforming loan limits will be largely unchanged in 2016, except some higher-priced counties.
Read More »Mortgage Servicing Industry Altered by Regulatory Oversight
According to Freddie Mac, in the five year-period between 2008 and 2013, the cost of servicing a performing loan increased 2.6 times (from $59 to $156).
Read More »Mortgage Industry Shows Mixed Feelings on House Vote to Cap GSEs’ CEOs Pay
Earlier this week, the U.S. House of Representatives passed S. 2036 by voice vote placing a cap on the salaries of Fannie Mae and Freddie Mac CEOs right at the original amount of $600,000 per year. Many in the mortgage industry expressed both approval and disapproval of the House's decision when questioned about the vote.
Read More »Fannie Mae & Freddie Mac CEOs Salaries Capped at $600,000
Fannie Mae and Freddie Mac CEOs will not be receiving the multi-million dollar pay raises proposed by their conservator, the Federal Housing Finance Agency, earlier this year. The U.S. House of Representatives passed S. 2036 by voice vote on Monday night, placing a cap on the salaries of Fannie Mae and Freddie Mac CEOs right at the original amount of $600,000 per year.
Read More »GSEs’ ‘Recap and Release’ Touted by Former White House Advisors
A pair of former advisors to the Clinton and Obama administrations recently laid out plans to bring the contentious “recap and release” proposal to recapitalize the GSEs and release them from government conservatorship to reality.
Read More »Mortgage Interest Rates Edge Up for Second Week in a Row
Mortgage interest rates rose for the second consecutive week following a strong October jobs report and a slight jump in wage growth, which pushed Treasury yields up and increased chances for a December rate hike from the Federal Reserve.
Read More »Fannie Mae & Freddie Mac Cut Mortgage Mod Rate to Lowest Level Ever
Fannie Mae and Freddie Mac recently announced that the standard mortgage modification interest rate will be under 4 percent for the first time ever since the benchmark was established in January 2012.
Read More »Fannie Mae & Freddie Mac’s Q3 Financial Results Stir Bailout Questions
Fannie Mae and Freddie Mac's 2015 third quarter earnings statements have the housing industry buzzing about taxpayers paying the ultimate cost of funding yet another bailout for the GSEs.
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