Articles tagged with: secondary mortgage market
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Fannie Mae and Freddie Mac – the two government sponsored enterprises (GSE) that have been operating under federal control since 2008 – are losing less money and that’s good news for people wanting to see those two entities continue operating.
The GSEs, of course, are major players in the secondary mortgage market. Fannie Mae and Freddie Mac, in essence, buy mortgages from originators, bundle them together and sell them as mortgage-backed securities. Their role is, in essence, to keep credit flowing so that loan originators can keep writing mortgages.
Ideally, lenders free …
Get ready – this year will prove to be an interesting one for people who are wondering what, exactly, mortgage reform will look like.
Yes, we all know mortgage reform is coming. That was a foregone conclusion when the subprime mortgage industry tanked a few years ago and high foreclosure rates started to plague housing markets around the nation.
People started to question the underwriting standards that allegedly gave rise to so many mortgages that went so wrong and people started to wonder what could be done to prevent the issuance of …
Yeah, yeah, yeah — the title should probably be something more along the lines of “two weeks in review.”
Still, you get the idea. Besides, the past couple of weeks have been hectic and — for that reason — the expected “week in review” item wasn’t posted last week.
So it’s time to make up for it. Quite a bit has gone on over the past couple of weeks in that we’ve posted housing market reports, news of the National Association of Realtors possibly overstating its sales numbers for the past few …
News, Real Estate »
Last year, the national Mortgage Bankers Association and other industry insiders formed Council on Residential Mortgage Servicing for the 21st Century to take a look at the foreclosure crisis that’s hit the nation and to figure out how to both mitigate current problems and avoid future ones.
As anyone who follows the real estate industry knows, there were a lot of groups formed last year in the wake of questions over the legality of foreclosures. Most of them are government entities, but the Council on Residential Mortgage Servicing is different in …