The House of Representatives this week approved an economic stimulus package that could open up vast new acreage for Fannie Mae, Freddie Mac and the FHA. Although the sharp increase in loan limits for the government-sponsored enterprises would be... [Includes one graph]
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Countrywide precariously held on to the top servicer ranking at the end of 2007, reclaiming an industry leadership spot it maintained in 2004 and 2005, according to a new Inside Mortgage Finance ranking and analysis. Countrywide finished... [Includes one chart and one graph]
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Even as the Department of Housing and Urban Development this week claimed its 75,000th FHASecure origination, critics question how useful the program is for troubled borrowers. A powerful group of investors is reportedly considering asking HUD to...
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Mortgage performance indicators continued to weaken as 2007 wound to a close, as both Fannie Mae and Freddie Mac reported rising delinquency rates. Freddie said 0.60 percent of the mortgages in its portfolio were 90 days past due or in foreclosure as of the end of...
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The Department of Housing and Urban Development has delayed indefinitely the implementation of a risk-based pricing structure. The risk-based premium pricing rule was slated to become effective on Jan. 1 this year but was set aside until Congress passed an...
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House Financial Services Committee Chairman Barney Frank said he will consider new regulations for the mortgage securitization market and possible changes to consumer protection laws as part of his legislative agenda for 2008. At a press briefing last week Frank...
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In an unusual move, a House subcommittee held a hearing this week on cramdown legislation that has already been approved by the full committee. Consumer groups and the mortgage industry continue to clash on the proposal to allow bankruptcy courts to reduce, or cram...
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Lenders might see their rate of Freddie Mac “accepts” change somewhat in the next few months as the government-sponsored enterprise makes changes to its Loan Prospector assessment model.“As part of our ongoing maintenance of Loan Prospector...
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Wells Fargo was so far ahead of the rest of the industry in terms of its Ginnie Mae servicing business that the company could see a 1 percent drop in volume over the course of 2007 and still have more than twice as much as its nearest competitor... [Includes one chart]
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