by notesyndication.com | Oct 28, 2020 | Financial literacy, Mortgage Industry, Note Industry, Real Estate Industry
By Brian Honea As they promised earlier this year, Fannie Mae andFreddie Mac have intensified their efforts in the last few months to rid their single-family residential mortgage portfolios of deeply delinquent, non-performing loans (NPLs). On Thursday, Freddie Mac...
by notesyndication.com | Oct 28, 2020 | Financial literacy, Mortgage Industry, Note Industry, Real Estate Industry
By Brian Honea Freddie Mac announced on Wednesday its largest sale ever of deeply delinquent, non-performing loans from its mortgage investment portfolio, consisting of 5,208 loans serviced by Ocwen Financial with an unpaid principal balance (UPB) of approximately...
by notesyndication.com | Oct 28, 2020 | Financial literacy, Mortgage Industry, Note Industry, Real Estate Industry
Fannie Mae has announced its third sale of non-performing single-family mortgage loans (NPLs), this time in three pools totaling about $1.2 billion in unpaid principal balance (UPB). The three pools are comprised of approximately 7,000 loans combined. The...
by notesyndication.com | Oct 28, 2020 | Financial literacy, Mortgage Industry, Note Industry, Real Estate Industry
Urban Institute reported earlier this month that the mortgage-related investment portfolios for bothFannie Mae and Freddie Mac continue to contract and were both well below their 2015 portfolio cap as of the end of November. Whereas Freddie Mac’s mortgage-related...
by notesyndication.com | Oct 28, 2020 | Financial literacy, Mortgage Industry, Note Industry, Real Estate Industry
It appears that PHH Corp. has a subservicing problem on its hands, as for the second time in four months, the company is about to lose a large portion of its mortgage subservicing portfolio. PHH disclosed Thursday that it recently received notice from HSBC Bank that...
by notesyndication.com | Oct 28, 2020 | Financial literacy, Mortgage Industry, Note Industry, Real Estate Industry
By Ben Lane Now that the dust is starting to settle from the election, a clearer picture is beginning to emerge of what types of actions President-elect Donald Trump will pursue once the “-elect” is removed from his title. Chief among those planned actions appears to...