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Freddie Mac offloads $155 million of credit risk to insurers
As part of its continuing effort to limit the American taxpayers’ liability, Freddie Mac obtained a number of insurance polices designed to cover potential losses on a $155 million pool of single-family loans.
18 Senators, mortgage bankers tell HUD: Time to lower FHA premiums
A group of 18 U.S. Senators and the Mortgage Bankers Association both sent letters to the U.S. Department of Housing and Urban Development on Thursday, stating that the time has come for the Federal Housing Administration to lower its mortgage insurance premiums.
Mortgage bond spreads tighten to lowest level in two years
Hesitant investors are driving down mortgage bond yield spreads to a level not seen in more than two years. Is the rise in overall yields to blame?
Fannie Mae: Will housing make full recovery in 2015?
Although 2014 is wrapping up to be a less-than-stellar year for the economy, mortgage lenders believe 2015 will get the nation back on track. But will housing see a surge in activity? Yes, and no.
ditech to offer 97% LTV loans
Ditech Mortgage Corp is expanding its lending options again. The company is now the latest lender to to jump on board with the 97% LTV programs announced by Fannie Mae and Freddie Mac earlier this month.