Bank of America: 'We provide all required MSR documents'

Bank of America: 'We provide all required MSR documents'

Responds to Ginnie Mae MSR transfer block

17% of homes with a mortgage seriously underwater

Share of underwaters continues slow decline

Here are 5 bold mortgage predictions from KBW

Q1 mortgage volume predicted to be $20 billion lower
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Items Tagged with 'FHFA'

ARTICLES

Where's Watt?

FHFA scorecard should be marked tardy
April 17, 2014
A question HousingWire has been hearing and asking is simply, “Where is Mel Watt?”
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BAC posts $276M loss in 1Q driven by $6B in mortgage litigation costs

Bank makes headway with legacy, delinquent mortgages
April 16, 2014
Heavy mortgage-related litigation expenses and a mortgage lending business in retreat hurt Bank of America in the first quarter of 2014, with the bank forking over $6 billion in mortgage-related litigation costs this quarter.
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FHFA reaches settlement with City of Chicago over vacant property lawsuit

Settlement ends legal battle that began in 2011
April 8, 2014
The FHFA claimed that provisions of the Housing and Economic Recovery Act of 2008 superseded the city’s vacant and abandoned building ordinance and sued in federal court.
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White House pleased with HAMP, housing efforts

Grades self on a bit of a curve
April 4, 2014
The March edition of the Obama Administration's housing scorecard grades itself pretty highly despite some key indicators that should raise concern.
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Fannie and Freddie can’t get REO to market fast enough

Demand outpaces inventory
April 2, 2014
The market is ravenous for more REO-to-rental properties. However, the inventory is having a hard time keeping pace.
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Fannie, Freddie, FHFA settle MBS lawsuit with BofA

Provides aggregate payment of $9 billion by BofA
March 26, 2014
Fannie Mae, Freddie Mac and the Federal Housing Finance Agency reached an agreement with Bank of America to settle claims associated with non-agency mortgage-related securities from 2005 to 2007.
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Case-Shiller: Home prices drop for third consecutive month

Buyers' advantage as yearly price gains slow
March 25, 2014
Home prices declined in January for the third straight month, slowing the pace of year-over-year appreciation, according to the key 20-city S&P/Case-Shiller survey of home prices.
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Credit Suisse to pay $885 million to settle MBS claims

March 21, 2014
Credit Suisse reached an agreement with the Federal Housing Finance Agency to pay $885 million to resolve claims related to mortgage-backed securities.
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Scorecard: Housing still wears Great Recession scar

Officials still remain cautious
March 7, 2014
Although the housing economy posted strong results, with the purchase of new homes rising and foreclosure completions continuing to drop, officials still caution that the economy is still healing from the Great Recession.
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FHFA settles with Société Générale for $122M

Settles charges of securities violations in selling private label MBS
February 27, 2014
The Federal Housing Finance Agency reached a settlement with Société Générale for $122 million for violations of securities laws in connection with private-label mortgage-backed securities purchased by Fannie Mae and Freddie Mac.
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