The tried-and-true mortgage securitization programs at Fannie Mae and Freddie Mac played a slightly less prominent role in the mortgage finance business during the first nine months of 2006, according to a new Inside Mortgage Finance analysis... [Includes one chart}
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Mortgage industry trade groups have gone on the offensive, warning federal bank and thrift regulators against the expansion of recently-released guidance on nontraditional mortgage products. Regulators have acknowledged recently that they are considering...
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Can a primary mortgage servicer that hires an outside vendor to perform a servicing activity assume responsibility for assessing and reporting compliance with that activity as required by federal regulation or would that burden also fall on the vendor? The...
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Having concluded that there’s no point in trying to recover bonuses paid to former top executives, Fannie Mae is fighting its own legal battles while its regulator, the Office of Federal Housing Enterprise Oversight, attempts to recoup millions from former...
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Recent Fannie Mae developments may give a boost to the prospects for moving legislation to reform the government-sponsored enterprises, especially if the pledges of bipartisanship hold up in the new Congress. Fannie Mae’s recent restatement of its financial results...
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A resilient housing market helped produce a modest gain in purchase-mortgage originations during the first nine months of 2006, according to a new Inside Mortgage Finance analysis and ranking. Some $1.162 trillion of purchase-money... [Includes two charts]
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Wells Fargo remained the biggest issuer of Ginnie Mae securities in 2006 despite falling slightly behind the overall trend in the program. Wells Fargo issued $23.77 billion of Ginnie MBS last year, representing 28.9 percent of... [Includes one chart]
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