Washington Post, Nov. 16, 2015–McGregor, Jena
Monday evening, the U.S. House of Representatives voted to approve a bill that would suspend new annual target compensation of $4 million each for Freddie Mac CEO Donald Layton and Fannie Mae CEO Timothy Mayopoulos. If signed into law by President Obama, the bill would return the cap on their pay to $600,000.
National Mortgae News, Nov. 16, 2015–Peters, Andy
Mortgage delinquency rates continued their double-digit yearly declines in the third quarter, according to TransUnion.
National Mortgage News, Nov. 16, 2015–Peters, Andy
The number of underperforming loans transferred to special-servicing status dropped in October, according to Fitch Ratings.
Washington Post, Nov. 15, 2015–Samuelson, Robert
The safest course for the White House and Congress has been to save the GSEs and enlist them in the housing recovery. So that’s what they did–and that’s how Fannie and Freddie survived.
New York Times, Nov. 13, 2015–Prevost, Lisa
Rising home prices are raising equity levels, and homeowners are cashing in on these gains.
National Mortgage News, Nov. 13, 2015–Lindorff, David
In the wake of the financial crisis, only one bank is believed to have faced a criminal trial on charges of mortgage fraud. A Jury in New York state court acquitted the bank of all charges this summer.
Atlanta Business Chronicle, Nov. 4, 2015
Data from the latest Equifax National Consumer Credit Trends Report show total mortgage originations rose to $1.2 trillion through the first nine months of 2015–up 63 percent over the same period a year ago. But at the same time, total mortgage and home equity balances were $8.84 trillion at the end of September–virtually flat with figures from the past 18 months.
HousingWire, Nov. 4, 2015–Swanson, Brena
Distressed sales and short sales accounted for 9.3% of total home sales nationally in August, down 2.3 percentage points from a year ago and down 0.4 percentage points from July, said CoreLogic.
Bloomberg, Nov. 3, 2015–Hopkins, Cheyenne
Freddie Mac won’t seek additional funds from the Treasury Department and won’t need to make a dividend payment to the government after reporting a half-billion dollar third-quarter loss stemming mostly from accounting for hedges against interest-rate risk.
Marketwatch, Nov. 3, 2015–Goldstein, Steve Fannie Mae and Freddie Mac are at risk of needing an injection of Treasury capital after the latter reported its first quarterly loss in four years, the director of the Federal Housing Finance Agency said Tuesday.
