Government

Fannie Mae’s gross mortgage portfolio experienced its largest compound annual rate of contraction for one month so far in 2015

As 2016 begins, the jury is still out on what the effect of last month’s long-awaited federal funds rate increase by the Federal Reserve will be on the economy, and on housing in particular.

Franklin American Mortgage Co. agreed to pay the U.S. government $70 million this past week to resolve allegations that the lender originated loans which failed to meet Federal Housing Administration guidelines.

New single-family home sales experienced continued growth in November, with the number of new home sales increasing on a seasonally-adjusted annual basis the U.S. Census Bureau and HUD reported Wednesday.

Fannie Mae has unleashed a new tool that will help servicers analyze additional borrower information to determine more quickly whether or not a distressed homeowner qualifies for a Fannie Mae loan modification.

Prior to these additions, the data available to investors remained limited to loan level data and loss data on 30-year, fixed-rate single-family loans.

The government-sponsored enterprise expects 2016 to bring a ‘Jekyll and Hyde’ mentality to housing, despite the expected, negative influence of rising interest rates throughout the year.

Ocwen Financial's mortgage servicing practices have been the center of much scrutiny among its customers but new data shows that this picture is slowly but surely changing.

Home prices are still climbing higher, even though the season change has caused things to slow down quite a bit in the housing market.

In his summary of six reports filed with the U.S. District Court for the District of Columbia released on Thursday, Independent Settlement Monitor Joseph A. Smith, Jr. and his team revealed no failed metrics among the servicers that were party to the National Mortgage Settlement in 2012.