Fannie Mae soft pedals $4B mistakes

Greg Hunter, “Weekly News Wrap-Up 7.5.13” –

Residential Property Analytics. Fannie Mae and Freddie Mac are keeping the multifamily sector afloat, buying conservatively underwritten loans at attractive spreads (currently more than double the margin of single family deals). This could and should be a moneymaker for the Fed.. tenants to a poorly maintained project in a soft market.

Fannie Mae has made two extensive revisions to the Property Condition Assessment guidelines.. and more recently on Jan. 1, 2015 (known as Fannie 2.0). Fannie Mae’s intent behind these.

CoreLogic: Only half of today’s mortgage originations meet QM requirements disclosure requirements and restrictions on loan terms.. loans, are subject to all claims and defenses that may be brought against the original creditor with respect to the mortgage, with certain limited. to the Bureau: [B]etween 2004 and 2011, high-cost mortgages typically comprised about 0.2 percent of HMDA-reporters’ originations of.Mortgage servicer satisfaction back from the brink She was part of the team that led the company back from the brink in roles of increasing responsibility. Digitization is going to drive where the mortgage market goes, and because we are.

 · Other details seem pretty positive too. There was a fear that the banking sector was going to be made to pay for the wind-down of Freddie Mac and Fannie Mae (maybe $400B – $500B), but that seems to be off the table.

 · by Anna DeSimonePresident & Founder In October 2011, Fannie Mae published a new booklet named “Beyond the Guide” that provides a more comprehensive description for recommended best practices for pre- and post-funding quality control. Since launching the Loan Quality Initiative (LQI) in September of 2010, Fannie Mae has listened to feedback from both lenders and [.]

 · "When the Bank of Japan starts tightening we may see some spectacular effects. The world has never been through this before, so there is a high risk of mistakes." Toshihiko Fukui, the Japanese central bank governor, gave a fresh warning yesterday that this day is near, saying the country was pulling out of seven years of deflation.

Obama Scorecard warns economy remains fragile  · UN news produces daily news content in Arabic, Chinese, English, French, Kiswahili, Portuguese, Russian and Spanish, and weekly programmes in Hindi, Urdu and Bangla. Our multimedia service, through this new integrated single platform, updates throughout the day, in text, audio and video – also making use of quality images and other media from across the UN system.

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He particularly singled out The Times, which yesterday reported that McCain campaign manager Rick Davis had received some $2 million for serving as “president of an advocacy group set up by the.