Freddie Mac late Thursday said Donald J. Bisenius, executive vice president of its single-family credit guarantee business, received a ‘Wells Notice,’ which means the Securities and Exchange Commission is considering filing civil charges against him.
Some 3 million houses – two to three years worth of production – weren’t built as a result of the housing recession, according to the National Association of Home Builders’ chief prognosticator.
The National Association of Mortgage Brokers is contemplating suing the Federal Reserve Board over its looming loan officer compensation rule, according to trade group officials familiar with the matter.
A California lender began selling jumbo loans this month to global asset manager BlackRock Inc., proof that private investors are not waiting for the securitization market to fully recover before getting back into mortgages.
Fannie Mae on Wednesday unveiled a new incentive program to compensate its seller/servicers that help struggling mortgagors avoid foreclosure.
The Federal Housing Finance Agency Wednesday morning laid out its options for restructuring mortgage servicing compensation, including the possibility of eliminating the 25 basis point minimum paid on performing loans.
Federal prosecutors have ended their criminal investigation of former Countrywide Financial chairman and CEO Angelo Mozilo, after deciding that his actions managing the nation’s largest lender did not constitute criminal behavior, according to a report in The Los Angeles Times.
