PGA golfer Dustin Johnson sues Nat Hardwick for $3 million theft

PGA golfer Dustin Johnson sues Nat Hardwick for $3 million theft

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Items Tagged with 'Fannie Mae'

ARTICLES

Fannie Mae joins JPMorgan to launch new risk-sharing bond deal

One distinction: cash used as collateral
Ben Lane
Fannie Mae is partnering with JPMorgan to launch a new risk-sharing vehicle, J.P. Morgan Madison Avenue Securities Trust. The first offering in the series checks in at $989 million, but there are differences from Fannie’s previous risk-sharing offerings.
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Fannie Mae issued $9.1B in multifamily MBS in 3Q14

Total volume nearly doubles 2Q14 issuance
Trey Garrison
Fannie Mae issued about $9.1 billion of multifamily MBS in the third quarter backed by new multifamily loans delivered by its lenders.
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This is why California is in the middle of another housing crisis

Affordability and mortgage lending issues abound
Joel Singer
It’s ironic that when the first Millennials were born, their Baby Boomer parents couldn’t afford a home either. Looking back to October 1981, interest rates on a 30-year, fixed-rate mortgage exceeded 18%. It wasn’t until rates fell below 10% in 1986, and to the 7% range in the early 2000s, that affordability ceased to be a major impediment to homeownership. Today, California’s housing affordability problem is back and here's why.
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Fannie Mae: Positive on U.S. economy despite global growth decline

Housing faces upward grind in 2015
Trey Garrison
Real economic growth in the U.S. appears ready to exceed 3% for the second half of the year, providing a sound basis for growth in 2015, according to Fannie Mae’s Economic & Strategic Research Group.
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This is why Fannie and Freddie mortgage initiatives won't work

MBA declarations are feel-good, but temporary
Lynn Effinger
Several newsworthy events have occurred over the past several days that would seem to indicate that the housing “recovery” is picking up steam. While that would be welcome news for our country in general and our industry in particular, these reports are tempered by the potential unintended consequences of certain actions either taken or not taken.
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$1 billion in MSRs just became available

Loans backed by Fannie Mae and Ginnie Mae
Ben Lane
The portfolio features 97% fixed-rate and 100% first-lien product, a weighted average original FICO score of 716, a weighted average original loan-to-value ratio of 86%, and a weighted average interest rate of 4.53%, MountainView said.
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Fannie Mae names Brian Brooks EVP, general counsel and corporate secretary

Joins from OneWest Bank
Ben Lane
“Brian has an impressive background in business and law, and is deeply credentialed in financial services and housing finance,” said Timothy Mayopoulos, president and chief executive officer at Fannie Mae. “Brian is an outstanding complement to our leadership team as we focus on supporting the economic recovery, improving our company, and building a sustainable housing finance system.”
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Fannie Mae will buy 97% LTV mortgages

Credit improvements lead to mortgage product
Jacob Gaffney
Fannie Mae CEO Timothy Mayopoulos said the government-sponsored enterprise will soon begin offering a 97% loan-to-value mortgage. Speaking at the Mortgage Bankers Association annual convention & expo, Mayopoulous said the government-sponsored enterprise is working “closely” with the FHFA to offer this product to all Fannie associates.
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Freddie Mac CEO: We will help increase mortgage lending

Competition among two is still competition
Jacob Gaffney
The CEO from the government-sponsored enterprise, Freddie Mac, said that his firm is increasingly becoming more competitive in the mortgage market and will look to see how its "credit box could be more fully utilized.”
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Mel Watt and Julian Castro announce housing policy changes

MBA calls the policy changes "extremely positive"
Sarah Wheeler
Attendees at the Mortgage Bankers Association's Annual Convention & Expo think the changes are good. Really, really good.
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