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Entries Tagged as 'refinancing'

Regulators relax capital requirements for Fannie, Freddie

March 19th, 2008 · Comments Off

Federal regulators say they’re giving Fannie Mae and Freddie Mac additional leeway to buy up to $200 billion in mortgages and mortgage-backed securities by relaxing stringent capital requirements put in place in 2004 in the wake of management and accounting scandals. more…

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Tags: Industry News · Inman Real Estate · Mortgages · capital · fannie mae · freddie mac · mortgage-backed securities · ofheo · refinancing · subprime

Refis help Countrywide fund most loans since August

March 13th, 2008 · Comments Off

Countrywide Financial Corp. released numbers today showing a refinancing boom helped push February mortgage loan fundings up 16.9 percent from the month before, to $25.6 billion, but purchase-loan activity fell to a new low.

Countrywide said refinancings grew 29.2 percent in February, to $19.5 billion, helping the company post the best numbers for total mortgage fundings since August. more…

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Tags: Industry News · Inman Real Estate · Mortgages · countrywide · foreclosure · origination · purchase loan · refinancing · servicing