Action from the California State regulator marks recession closure for the $246M San Diego Metropolitan Credit Union.
Now MI policies will have to include loan modification strategies, agency says.
Fannie Mae and Freddie Mac have made significant progress toward creating a joint entity which may eventually function as a market for mortgage-backed securities.
Fannie Mae, Freddie Mac, FHFA rent space, announce search is on for CEO for new organization: Common Securitization Solutions LLC.
Eminent domain plan wins Richmond City Council approval but remains in limbo in face of state law.
More evidence has appeared suggesting housing finance loans purchased by Fannie Mae and Freddie Mac are poised to get a bit smaller.
The market appears to have made significant progress digesting the large number of foreclosed properties left over from the housing finance crisis.
Media sources report that Mark Zandi, chief economist at Moody's Analytics, is a lead contender to replace DeMarco.
Two credit unions, NASA Federal Credit Union and Navy Federal Credit Union, are offering members mortgages without requiring any down payment or mortgage insurance.
Navy Federal, NASA FCU have different philosophies, same approach to dealing with risk from mortgage loans with no down payments.