Fannie Mae’s decision in 2002 to stop doing business with Taylor, Bean & Whitaker now looks like a stroke of genius, while Freddie Mac’s decision to opportunistically swoop in to pick up some share now has come back to haunt it. TBW reportedly ran afoul of Fannie back in 2002 over some of its lending practices, compelling Fannie to demand the lender repurchase a number... [Includes one chart]
Moves by the Trump administration are disrupting the economy and the federal agencies that deal with the housing market. Bob Broeksmit, president and CEO of the MBA, isn’t sure how it’s all going to play out.
Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
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