Closing Complex Loans Faster With a Digitized Client Workflow

Join us for a discussion on changes in market demographics, suppliers and how focusing on customer experience and a few simple steps during the mortgage loan process can close deals 3x faster.

Brokers, Here’s Everything You Need to Know About Rocket Pro TPO

Want to stay up to date with the latest on what Rocket Pro TPO is offering its broker partners? Check out our TPO hub for updates and more.

Home appraisal’s ugly history and uncertain future

This is Part I of a deep dive into the home appraisal industry. Today we explore the origins of the appraisal industry and its current lack of diversity.

Loan quality lessons learned from 2020

HousingWire recently spoke with Trevor Gauthier, CEO of ACES Quality Management, about the effects of 2020 on loan quality and what lenders should expect regarding loan quality and risk management this year.

This Des Moines court case may change the Freddie, Fannie investor sweep

Judge will rule whether Continental Western Insurance has standing

GSE investors nationwide are watching a court case in Des Moines to see if the federal government’s seizure of Fannie Mae and Freddie Mac profits is, in fact legal.

InsideSources has the story.

Continental Western Insurance Co., a Des Moines-based regional insurer that owns shares in Fannie Mae and Freddie Mac, recently sued the U.S. Government in federal court because the U.S. Treasury has claimed all of Fannie Mae and Freddie Mac’s profits, denying shareholders their share of dividends. U.S. District Judge Robert Pratt for the Southern District of Iowa will be ruling on Continental Western’s legal standing.

Many investors across the country are tied to the fate of these companies. This includes those saving for retirement with mutual funds, which remain some of the largest investors in Fannie and Freddie stock. Judge Pratt’s decision could have a direct impact.

According its most recent financial report, published last week but covering only up until June 30, 2014, the Iowa Public Employee Retirement System has over $1 billion invested in both Fannie Mae and Freddie Mac.

The lawsuit stems from the federal government’s decision to place Fannie Mae and Freddie Mac under conservatorship of the Federal Housing Finance Agency (FHFA). As the FHFA’s own website explains this role: “A Conservator is the person or entity appointed to oversee the affairs of a Company for the purpose of bringing the Company back to financial health.”

How the government has run the enterprises as conservator is precisely what has precipitated the legal action by the plaintiffs, who represent investors in both Fannie and Freddie.

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