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  • Freddie Mac reports $354M net loss in first quarter

    Freddie Mac reported a $354 million net loss in the first quarter, significantly down from its $2.2 billion net income recorded in the fourth quarter of 2015. The news is a reminder of the GSE's net loss in the third quarter of 2015, which marked the first loss in four years. But despite the news, Freddie CEO Donald Layton remains positive on the results. Click the headline to find out why.

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Fannie Mae sends update on National Mortgage Insurance

Fannie Mae used a letter to lenders to confirm the GSE has approved National Mortgage Insurance Corp. (NMI) as a mortgage insurer with permission to provide policies for conventional first mortgages.

Fannie Mae said NMI is not licensed to write mortgage insurance in every state, but it continues to try and obtain licensing within individual jurisdictions. Loans backed by NMI insurance can be delivered to Fannie Mae on or after June 1, 2013, if they possess notes dated on or after Jan. 16.

Clear here to read the letter for lenders.

 

 

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