Fannie Mae issued $44 billion in mortgage-backed securities in February, down 7.6% from the previous month.
The Mortgage Partnership Finance program developed by the Chicago Federal Home Loan Bank has morphed into a mortgage conduit program that has delivered nearly $3.4 billion in single-family loans to Fannie Mae.
The Securities and Exchange Commission will consider changes to its regulations to ensure better disclosures and protections for investors in private-label mortgage-backed securities.
Congress has left for its spring break without extending the National Flood Insurance Program and the lawmakers won’t be back in Washington until April 12.
Recent comments by a banking regulator about commercial real estate lending are making it tough for builders to get construction financing, according to the National Association of Home Builders.
The HUD Office of Inspector General has found significant underwriting deficiencies in Federal Housing Administration-insured loans originated by a subsidiary of homebuilder D. R. Horton Inc.
The Treasury Department has increased the incentives for servicers, investors and distressed homeowners to participate in an expedited short sales program that goes into effect April 5.
