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The Federal Housing Finance Agency (FHFA) late Tuesday revealed that it gave Fannie Mae the green light to conduct a pilot program with Wells Fargo in March 2010 to test principal reduction modifications.
May 3 -
U.S. Department of Housing and Urban Development (HUD) Secretary Shaun Donovan will testify before Congress next Tuesday regarding efforts to allow more Americans to refinance their mortgages.
May 3 -
Moody's Investors Service has placed GMAC-RFC's servicer quality rating on review for possible downgrade.
May 2 -
Freddie Mac executive Anthony Renzi has accepted a senior mortgage job with Citigroup, after weighing a position with Wilbur Ross’ fast-growing mortgage empire, according to industry sources.ASR sister publication National Mortgage News (NMN) tweeted about Renzi’s job offers on its Web site early Monday afternoon.
May 2 -
Gleacher & Co. Securities, a broker-dealer subsidiary of Gleacher & Co., has hired Perrin Arturi and Donald Ullmann as executive managing directors who will co-head the firm's MBS/ABS and rates division.
May 2 -
Moody’s Analytics has updated its risk management tool called Mortgage Portfolio Analyzer (MPA) to help retail portfolio managers manage the credit risk in their mortgage portfolios.
May 2 -
Mortgage application activity overall was essentially unchanged as slightly higher purchase activity was offset by a dip in refinancing.
May 2 -
Trafigura Securitization Finance's (TSF) series 2012-1 is in the market. The offering is backed by a pool of trade receivables originated by Trafigura Beheer B.V., Trafigura Pte. (Singapore), and Trafigura AG, according to Standard & Poor's.
May 1 -
Fannie Mae and Citibank officials were developing a principal reduction pilot program that was supposed to go live in July 2010 when it was “mysteriously” stopped and later terminated, according to congressional investigators.
May 1 -
The real estate owned-to-rental niche currently may be "the world's biggest $0 billion industry," as Rick Sharga of Carrington Mortgage Services said at the recent SourceMedia Mortgage Servicing Conference in Dallas, but it should start to grow.
May 1
