JPMorgan Chase: Hold the phone on those DOJ robo-signing charges

JPMorgan Chase: Hold the phone on those DOJ robo-signing charges

Claims DOJ misrepresented settlement agreement

Here’s how much mortgage servicing Altisource Residential is offloading

SEC filing reveals contract details with BSI Financial and Fay Servicing

This is what justifies Texas economic pride

Happy Independence Day, Texas
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Items Tagged with 'Federal Housing Finance Agency'

ARTICLES

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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FHFA Watt addresses mortgage principal reduction

Mass principal forgiveness too costly
Brena Swanson
The Federal Housing Finance Agency said that the government is still looking at mortgage principal reduction as an option. But how this will be executed is still up for debate.
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Nationstar, Walter ready for new FHFA nonbank requirements

Same can’t be said for small and regional servicers
Brena Swanson
The industry is reacting to the Federal Housing Finance Agency’s new proposed requirement, but the new rules are not bad news for everyone. Top nonbank mortgage sellers are expected to stay strong thanks to their current situations. The little guys aren't as lucky.
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FHFA Director Watt goes before House committee Tuesday

Faces grilling on FHA premiums, Fannie, Freddie
Trey Garrison
Federal Housing Finance Agency Director Mel Watt will appear Tuesday morning before the House Financial Services Committee hearing on sustainable housing finance. Here's what's waiting for him in the arena.
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GSE risk-sharing deals near half-trillion-dollar market

Fannie, Freddie quadrupled issuance in 2014
Ben Lane
According to a new report from Fitch Ratings, Fannie Mae and Freddie Mac more than quadrupled their issuance of risk-sharing deals in 2014, rising from three risk-sharing deals in 2013 with a total reference pool of $84.7 billion, to 11 total deals with a total reference pool of $369.7 billion in 2014.
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Here are the FHFA 2015 scorecard guidelines for the GSEs

Outlines priorities for Common Securitization Solutions
Brena Swanson
The Federal Housing Finance Agency released its 2015 housing scorecard outlining specific priorities for the GSEs. Most notably, it includes the guidelines for their latest joint venture, Common Securitization Solutions.
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Trade groups balk at FHFA attempt to redefine Home Loan Bank membership

NAFCU urges withdrawal of proposed rule
Brena Swanson
The Federal Housing Finance Agency’s comment period for its proposed rule on the Federal Home Loan Bank officially ends Monday. And it appears the comments were not very positive.
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Fannie, Freddie net income up 20%

MBS settlements drive $1 billion increase
Ben Lane
The net income brought in by Fannie Mae and Freddie Mac rose 20% in the third quarter. The reason? MBS settlements.
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