Move lawsuit against Zillow clears contempt hurdle with settlement

Move lawsuit against Zillow clears contempt hurdle with settlement

Move declares "full steam ahead" in prosecution

Twitter roundup of this week's top housing articles

CFPB heads up the list

Shaky housing market about to get even shakier

When will we all stop kidding ourselves?
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Items Tagged with 'Federal Housing Finance Agency'

ARTICLES

FHFA: Refinance volume drops in January

HARP volume makes up 7% of applications
Brena Swanson
Refinance volume dropped in January despite mortgage rates continuing to drop from the highs witnessed in late 2013. Will HARP see any revitalization?
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Fannie Mae to list risk-sharing bonds on Irish Stock Exchange

Will hold “sufficient” credit risk to ensure compliance with European Union rules
Ben Lane
European investors seeking to buy into the U.S. mortgage market will now have that opportunity, after Fannie Mae announced that it plans to list all of its outstanding risk-sharing mortgage bonds on the Irish Stock Exchange.
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Ocwen speeds exodus from mortgage servicing with latest, massive MSR sale

Nationstar buys in bulk, expects more deals soon
Ben Lane
In what’s becoming a weekly occurrence, Ocwen Financial announced Tuesday that it will sell off another massive agency mortgage servicing rights portfolio. The buyer this time? Nationstar, which is expecting more, similar deals to come.
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With HAMP resets looming, Fannie and Freddie authorize further modifications

Previously modified HAMP borrowers eligible for additional help
Ben Lane
Fannie Mae and Freddie Mac are concerned that HAMP interest rate resets could lead to a wave of defaults, so the government-sponsored enterprises are now telling servicers to offer additional modifications to keep more borrowers in their homes.
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Housing groups: G-fees aren't for unrelated federal spending

MBA, others join bipartisan push led by Senators Crapo and Warner
Ben Lane
The fight against the federal government’s practice of using funds raised from Fannie Mae and Freddie Mac’s guarantee fees to cover federal spending just got a loud vote of confidence from the housing industry's largest groups.
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Senators fight back against using Fannie, Freddie fees to cover federal spending

Bipartisan group led by Senators Crapo and Warner launch G-fee fight
Ben Lane
A bipartisan group of Senators, led by two of Capitol Hill’s loudest voices on housing reform, is fighting back against a “budgetary gimmick” that allows the federal government to use funds raised from Fannie Mae and Freddie Mac’s guarantee fees to cover federal spending.
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Nomura is first to fight FHFA toxic mortgage lawsuit in court

Trial set to begin Monday
Ben Lane
Nomura Holdings is about go where no big bank, not Citigroup, JPMorgan Chase, or Bank of America, has gone before — to a courtroom to face off against the Federal Housing Finance Agency to fight a toxic mortgage lawsuit.
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Here are the details of Freddie’s massive delinquent loan sale

Sale sets foundation for new servicing rules
Brena Swanson
The Federal Housing Finance Agency’s new requirements for sales of nonperforming loans by Freddie Mac and Fannie Mae were based on two pilot sales. These are the details to one of those transactions.
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FHFA revamps nonperforming mortgage servicing rules for Fannie and Freddie

Reduces taxpayer risks
Brena Swanson
Freddie Mac sold severely delinquent loans through two transactions in the past six months, totaling approximately $1 billion in unpaid principal balance. From this pilot program, the Federal Housing Finance Agency formed these enhanced requirements for sales of nonperforming loans by Freddie Mac and Fannie Mae.
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Altisource Asset Management names controversial exec new CEO

Former BofA executive was defendant in $9B settlement with FHFA
Ben Lane
Altisource Residential, announced Thursday that George Ellison will be the company’s new CEO. Ellison was a named defendant in a lawsuit brought by the FHFA against Bank of America over claims that the bank sold toxic mortgages to Fannie Mae and Freddie Mac from 2005 to 2007.
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