Freddie Mac CEO David Brickman resigns, interim leader appointed


Freddie Mac representatives would not comment on the sudden resignation of Brickman. Interim CEO Michael Hutchins has served as Freddie’s executive vice president of investments and capital markets since January 2015.


Truist sells legacy SunTrust CRE loan-servicing platform


The Charlotte, N.C., company recently closed on a sale of its Cohen Financial platform to SitusAMC.


Banks uncover loophole to buy home loans at below-market prices


Banks and other lenders have found a way to potentially make billions of dollars from the coronavirus-fueled upheaval in the U.S. mortgage market — yet it risks burning bond investors in the process.


Fee to shield Fannie, Freddie from COVID losses draws instant backlash


The new “adverse market fee” for refinanced mortgages resembles steps the companies took to combat the 2008 mortgage crisis. But critics charge it isn’t necessary and will hurt borrowers’ ability to tap into low rates.


Fed to release more details on participants in emergency programs


The central bank will disclose information on a monthly basis about its Term Asset-Backed Securities Loan Facility and its Paycheck Protection Program Liquidity Facility.


Servicers to feds: Stopgap plans not enough against coronavirus


Ginnie Mae and the FHA provided temporary liquidity relief for mortgage servicers bracing for higher delinquencies, but the industry continues to pressure Treasury and the Fed to provide more comprehensive support.


Fed announces aggressive actions to boost liquidity amid virus turmoil


The Federal Reserve committed Monday to conducting more asset purchases of Treasury securities and mortgage-backed securities and announced $300 billion in new financing for credit facilities.


Big mortgage lenders are flirting with disaster


Banks' lowering of origination fees and loosening of underwriting standards often foreshadow a downturn.