HUD SECRETARY ANNOUNCES DISASTER ASSISTANCE FOR MISSISSIPPI STORM VICTIMS --

WASHINGTON – U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to the State of Mississippi and provide support to homeowners and low-income renters forced from their homes due to Hurricane Isaac.

Congress will consider raising guarantee fees even more --

Not only will the FHFA raise g-fees at the state level, but Congress may “be on the prowl” for new revenue from Fannie and Freddie in order to avoid the coming fiscal cliff.

read more

FHFA raises g-fees on GSE mortgages by 10 basis points --

Lenders paid an average 28 basis points g-fee in 2011 to Fannie and Freddie. But after a 10 bps increase in April, the FHFA raised the g-fees another 10 bps to make room for private capital.

read more

Principal reductions under AG settlement remain in the dark --

Chase said some of the principal write-downs so far came on private-label mortgages that passed an NPV test, even though bond investors were promised most of the effort would be focused on servicer portfolios. The monitor himself doesn’t have a break down and won’t get one for some time.

read more

Fannie mortgage purchases nearly double from last year --

Fannie Mae purchased $ 81.9 billion in mortgages during the month, up from $ 43 billion one year ago. The GSE also reported a 3.5% severe delinquency rate on its mortgage portfolio, the lowest rate since April 2009.

 

read more

Next Page »