Fannie Mae: Mortgage portfolio continues to slide --

Fannie Mae’s mortgage portfolio continued to shrink to a compound annualized rate of 18% in April, according to the government-sponsored enterprise’s monthly summary.

 

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Armour shareholders voice concern over REIT --

Although Jeffrey Zimmer, co-head of Armour Residential REIT Inc., says this isn’t a tough time for the mortgage investment firm, shareholders disagree.

Bloomberg

Heather Perlberg

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Inspector general sees success in FHA note sale program --

“By strategically selling notes to new servicers rather than carrying out foreclosure, FHA can reduce costs while helping to stabilize communities,” the report states.

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Investors scope Houston for real estate deals --

Houston ranked as the No. 4 city in the U.S. — fifth globally — based on real estate investment dollars spent in the city last year. Over the past 18 months, the Houston buyer pool has gained steam, witnessing $ 8.8 billion of investment, up 32% from 2011.

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FHFA-OIG magnifies GSEs REO management --

Due to the high-risk nature of the GSEs’ REO management, the Federal Housing Finance Agency (HUD-OIG and FHFA-OIG) has implemented an aggressive evaluation process to assess FHFA’s related oversight and conservatorship efforts, according to a recent report on REO properties.


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