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Open commentary on everything impacting the U.S. housing economy. The opinions expressed here represent the author's alone.

Fannie Mae Redemption

(November 30, 2007) -- Fannie Mae will redeem principal amounts on four securities, CUSIP numbers: 3136F8HC2, 3136F8AB1, 3136F8AG0, 31359M2N2.
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Moody's Withdraws Novastar's SQ Rating

(November 8, 2007) -- Moody's Investors Service has withdrawn the servicer quality rating of NovaStar Mortgage, Inc. as a primary servicer of subprime loans. This rating action is done at the request of the company.
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Farmer Mac, ABA Renew Alliance

(October 29, 2007) -- The American Bankers Association said this morning that it has renewed what it called a "unique alliance" with the Federal Agricultural Mortgage Corporation, or Farmer Mac.
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One of the Nation's Largest Insurance Providers Teams With 3t Systems and Mortgage Cadence to Establish Nationwide Mortgage Banking Operations

(October 15, 2007) -- 3t Systems, Inc. and Mortgage Cadence, Inc. announced the successful launch of the Mortgage Cadence product suite, providing the foundation for a nationwide insurance company to establish a mortgage banking operation. (Which insurance company was not specified in the release.)
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