Morgan Stanley finally pays $275 million for subprime RMBS fraud

Morgan Stanley finally pays $275 million for subprime RMBS fraud

SEC charged company with misrepresenting loans

New home sales collapse, erasing recent surge

Sales 11.5% down YOY; fall to 406,000 annual pace

Fannie Mae offers new suite of HomePath financing

Goodbye HomePath Mortgage and HomePath Renovation

Items Tagged with 'USDA'


Veros confirmed as FHA mortgage-appraisal portal partner

Currently provides similar portal services for Fannie and Freddie
March 25, 2014
Veros will now serve as the a uniform appraisal portal provider for Fannie, Freddie, VA, USDA and FHA loans.
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MBA: New single-family home sales surge in January

February 13, 2014
New single-family homes recorded a sharp uptick in January, running at a seasonally adjusted annual rate of 543,000, following reports of homebuilder sentiment that show strength in the market for new homes.
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Former HUD veteran joins Centennial Mortgage

Reneé Greenman named managing director
February 12, 2014
Previous U.S. Department of Housing and Urban Development Seattle multifamily hub director Reneé Greenman has been appointed as Centennial Mortgage’s managing director.
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Shutdown halts USDA loans

October 8, 2013
Mortgages processed through the U.S. Department of Agriculture came to a halt when the government shut down last week. The closing thwarted the processing of new USDA loans, creating another potential drag on the housing market.
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Carrington builds purchase mortgage market, offers USDA loans

July 29, 2013
Carrington Mortgage Services is now offering United States Department of Agricultural Rural Development (USDA) loans through its retail and wholesale channels...
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New home purchase mortgage apps decrease by 15%

July 11, 2013
Mortgage applications for new home purchases fell by 15% in June when compared to the previous month, the Mortgage Bankers Association said in its new Builder...
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HUD Inspector General: Ginnie Mae can withstand any FHA losses

November 15, 2012
[Update 1: Clarifies the role of issuers as it relates to Ginnie Mae]With the Federal Housing Administration actuarial results due this week, the federal agency may...
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Mortgages, USDA-approved

December 17, 2008
Here's a troubling anecdote for you, via the Wall Street Journal: When Erick Moore first read about the USDA's Rural Development Guaranteed Loan program, he says he imagined it would be "restricted to some little farmhouse." Instead, the 33-year-old computer programmer moved last month into a four-bedroom, three-bath home in Fuquay-Varina, N.C., 17 miles outside Raleigh. The house sits on nearly one acre and features a brick facade, 10-foot ceilings and hardwood floors.
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MPF Program Partners With USDA Rural Development

February 7, 2007
The Federal Home Loan Banks' Mortgage Partnership Finance Program announced a new partnership with the USDA Rural Development program on Tuesday. Under this new arrangement, approved Home Loan Banks participating in the MPF Program can now purchase RHS Section 502 government-guaranteed loans from qualified members, including commercial banks, thrifts, credit unions, and insurance companies.
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