HousingWire, Aug. 27, 2015–Swanson, Brena
Marix Servicing, an affiliate of Walter Capital Opportunity, received approval from Freddie Mac to hold mortgage-servicing rights, marking the first of many more to come.
Category: Top National News
Any Benefit of Weekly Home Mortgage Payments?
Wall Street Journal–Martin, Anya
Typical borrowers make their mortgage payments monthly. Some, however, make bi-weekly payments to reduce the term of their loans. Could weekly mortgage payments speed the payoff even further? The answer in some cases is yes-but usually not much more than with bi-weekly plans.
Fannie Mae Just Made it Easier to Get a Mortgage
HousingWire, Aug. 25, 2015–Swanson, Brena
The government is once again expanding access to credit in an effort to capture a wider audience by making homeownership more available through Fannie Mae’s latest update.
National Mortgage Risk Index Up Slightly in July
The composite National Mortgage Risk Index for Agency purchase loans stood at 12.09% in July, down 0.2 percentage point from the average for the prior three months, but up 0.6 percentage point from a year earlier.
The Mirage of Fannie Mae-White House Truce Talks
Speculation that a pro-investor settlement looms in the Fannie Mae and Freddie Mac cases has driven shares sharply higher. This is wishful thinking.
‘Shame Campaign’ Looks to Change Foreclosure Practices
More signs calling out banks that are being bad neighbors will be going up this week. State Assemblyman Michael Kearns says he started the “shame campaign” to expose lenders that foreclose on homes and let them rot for years. Kearns says banks are dragging down communities and leaving taxpayers holding the bag.