Fri, Aug 31 2012, 11:36 AM
Fannie Mae reduced its Gross Mortgage
Portfolio by $5.86 billion during July to $667 billion and is reducing that
portfolio at a compound annualiz...
Thu, Aug 23 2012, 2:51 PM
Fannie Mae announced on Thursday that 22
of its servicers had produced results in its Servicer Total Achievement and
Rewards TM (STAR) Program for ...
Wed, Aug 22 2012, 2:24 PM
This is a frightening statistic, probably one of the most worrisome in
recent years: 25% of mortgage bankers and Realtors in the country are on
medi...
Wed, Aug 8 2012, 3:25 PM
Fannie Mae joined Freddie Mac this
morning in declaring an increased second quarter profit and announcing it would
not request a draw from the ...
Fri, Aug 3 2012, 12:17 PM
What say we end the week with something light, but near and dear to my
heart: stuff . Whether it is my grandfather's army uniform from the
Spanish ...
Tue, Jul 31 2012, 4:08 PM
Freddie Mac said today that it would
be opening up refinance opportunities to borrowers who are not underwater on
their existing Freddie Mac mortgag...
Tue, Jun 19 2012, 1:13 PM
Thanks to
problems in Europe and the slowing of both the US and Chinese economies,
consumer attitudes have plateaued after several months of improve...
Tue, Jun 5 2012, 5:18 PM
Fannie Mae has elevated one of its own into
the role of president and chief executive officer. The Fannie Mae board
of directors announced
the ap...
Thu, May 31 2012, 4:51 PM
The Federal Housing Finance Agency (FHFA) announced a new office to implement its Strategic Plan for Fannie Mae and Freddie Mac Conservatorships and...
Thu, May 24 2012, 11:51 AM
As part of its semi-annual report to Congress , the Federal Housing Finance Agency's (FHFA) Office of the Inspector General (OIG) included a section ...
Tue, May 22 2012, 9:35 AM
Pick an
overwhelming percentage, like 80 or 90%. Remember when residential loan
production wasn't "that" percent agency? Non-agency loans are still ...
Wed, May 16 2012, 2:15 PM
One of the themes discussed at the MBA’s recent conference in New York was the idea of “a merger” of the mortgage-backed securities issued by Fannie...
Wed, May 9 2012, 2:29 PM
Fannie Mae joined Freddie Mac in showing significant improvement in its financial condition during the first quarter of 2012. The company reported t...
Mon, May 7 2012, 9:57 AM
Fannie Mae today released its National Housing Survey for the month of April. Respondents were slightly more optimistic about the direction of home p...
Thu, May 3 2012, 11:20 AM
What is
33.9%? According to Inside Mortgage Finance it's Wells Fargo's market share
of the mortgage business for the 1st quarter, the most ever fo...
Wed, Apr 25 2012, 3:48 PM
Fannie Mae issued guidelines to its servicers today improve the timing and methods of handling pre-foreclosure sales, more commonly known as short ...
Thu, Mar 22 2012, 3:47 PM
On Thursday the Federal Housing Finance
Agency (FHFA) Office of Inspector General (OIG) released the results of three
evaluations of FHFA's oversigh...
Thu, Mar 15 2012, 2:07 PM
The servicers scoring STAR rewards for
the second half of 2011 were announced today by Fannie Mae . STAR, the Servicer Total Achievement and
Re...
Mon, Mar 12 2012, 10:10 AM
Here's
some good news for some: The Financial Times reports that, "The Federal Reserve
is this week expected to pave the way for a
doubling of ban...
Fri, Mar 9 2012, 9:21 AM
"Hey
Rob, just a hunch here but figured it probably plays into the equation. FHA is
requiring that we pull case numbers on or after June 11 on this ...
Thu, Mar 8 2012, 9:51 AM
Here's a
walk down Memory Lane. "From my point of view, if 80% of the sub-prime
borrowers are managing to make ends meet and make the mortgage payme...
Wed, Mar 7 2012, 2:33 PM
Consumer attitudes about the economy
have risen considerably over the past few months while their confidence in
their own financial situations have ...
Thu, Mar 1 2012, 10:49 AM
Two-thirds
of the way through the 1 st quarter, and we find ourselves in Irish-American
Heritage Month, which, happily for Chicago, contains St. Pa...
Wed, Feb 29 2012, 11:56 AM
Fannie Mae is reporting a net loss of
$2.4 billion for the fourth quarter of 2011 compared to a net loss of $5.1
billion in the third Quarter. Fo...
Fri, Feb 24 2012, 9:58 AM
"First
wash all the cars, then wax."
"Why do I have to..."
"Remember deal. No questions."
"Yeah, but..."
"Wax on right hand. Wax off left han...
Fri, Feb 24 2012, 9:08 AM
Bank of America, Corp will stop selling new mortgages to Fannie
Mae as the result of a dispute over the way Fannie Mae is handling repurchases.
I...
Wed, Feb 22 2012, 10:20 AM
Under the
title, "Too much time on one's hands", anyone involved in the
residential construction/remodeling business might find this, uh, interesti...
Tue, Jan 10 2012, 10:10 AM
Last
weekend I took my daughter, who is taking some fancy economics class in high
school, with me to the used record store. I had eighty three 45 RP...
Tue, Jan 10 2012, 5:47 PM
The President and Chief Executive Officer of Fannie Mae, Michael J. Williams has announced his intention to resign. Williams, who has held the dual...
Thu, Dec 22 2011, 10:23 AM
The JD
Power Survey is mostly known for car rankings. But the rating firm also takes a
look at mortgage lenders .
Congrats
in the above to Qui...
Mon, Dec 19 2011, 10:59 AM
If you
have a few seconds, go to Google and do a search on "Let it snow."
There's even a "defrost" button.
I am sure that many originators wish...
Fri, Dec 16 2011, 10:17 AM
Since
bread is square, then why is sandwich meat round? And why should VA loan limits
be any different than other government agency loan limits? The...
Thu, Dec 15 2011, 1:10 PM
Nearly half of Fannie Mae's eligible servicers
are on track to receive at least a three STAR rating for 2011. Fannie
Mae announced third quarter r...
Tue, Dec 6 2011, 10:27 AM
A
moderate Pennsylvania senator has offered legislation to end the impasse over
continuing payroll tax cuts that have been in place since the first ...
Fri, Nov 25 2011, 11:23 AM
If you say
"raise up lights" really fast, it sounds like "razor
blades" in an Australian accent.
If you say "VA Funding Fee" really fast, nothi...
Tue, Nov 22 2011, 10:37 AM
The
inability of the Super Committee (maybe not so super) brought forth a flurry of
political jokes. (For example, a driver is stuck in a traffic ja...
Mon, Nov 21 2011, 10:05 AM
Lots of
people in the real estate & mortgage businesses make a lot of money. As we
head toward Thanksgiving, sometimes it is a good thing to remembe...
Fri, Nov 18 2011, 1:28 PM
Fannie Mae's November Economics and
Mortgage Market Analysis released this morning cites the depressed sentiments
from the Conference Board consume...
Wed, Nov 9 2011, 10:04 AM
We have
fifteen days until Thanksgiving, first celebrated in the fall of 1621 when the
Pilgrims held a three-day feast to celebrate a bountiful harv...
Fri, Oct 21 2011, 11:18 AM
Tomorrow
is college football day. For you college football fans out there: http://www.robchrisman.com/references/a_and_m_letter.pdf .
And yes, ...
Tue, Sep 27 2011, 3:39 PM
Freddie Mac's September 2011 Economic Outlook is focused on the recent Federal Reserve Bank announcement of its Maturity
Extension Program (aka Ope...
Fri, Sep 16 2011, 12:59 PM
Representative Darrell Issa (R-CA), has requested information
from the Federal Housing Finance Agency on what he said might be a "back-door
bailout...
Thu, Sep 15 2011, 3:56 PM
Fannie Mae has released the results of
its new Servicer Total Achievement and Rewards (STAR) program for the first
half of 2011. STAR, which was...
Wed, Sep 14 2011, 10:57 AM
"A
clever person solves a problem. A wise person avoids it." But at this
point, most believe that it is too late to avoid the problems in the mortga...
Thu, Sep 8 2011, 10:06 AM
Fannie Mae's National Housing Survey for
August indicates that Americans are growing more pessimistic about the economy,
home prices and their own...
Mon, Aug 8 2011, 10:50 AM
Fannie Mae posted yet another multi-billion dollar
loss during the second quarter of 2011 according to papers filed with the
Securities and Exchange...
Mon, Aug 1 2011, 10:09 AM
"I
had amnesia once--or maybe twice." One's mental health is nothing to joke
about, and long days can make folks pretty sleepy (just ask any West Co...
Thu, Jul 28 2011, 11:36 AM
Heard on
the NPR radio show "Wait, Wait, Don't Tell Me" from Michael Feldman:
"If the US defaults on their debt and our rating is downgraded and the...
Mon, Jul 25 2011, 2:21 PM
Fannie Mae's Economic and Mortgage Market Analysis for
July describes second quarter economic data received so far as "discouraging," and
forec...
Fri, Jul 15 2011, 9:04 AM
Everyone
knows why squirrels swim on their backs. (It's Friday, I couldn't figure out
how to tie that joke in with in with any mortgage related news...
