Friday Feb 28
It's Taking Less to Get an FHA Loan
First-time and low-income mortgage borrowers may have an easier time qualifying for a Federal Housing Administration loan.
Federal Jury Holds Radius CEO Liable for MBS Fraud
On February 6, a jury in the United States District Court for the Middle District of Florida found the CEO of the now-defunct Radius Capital Corp., Robert A. DiGiorgio, knowingly or recklessly made false or misleading statements to Ginnie Mae and the investing public in connection with US$23 million in MBS Radius issued in 2005 and 2006.
Big banks buy $14 billion in Ginnie Mae bonds
Analysts at Barclays crammed through the latest numbers from the National Information Center and noted that the 50 largest banks in the nation added $14 billion more of Ginnie Mae bond in the fourth quarter.
Orrick, Herrington & Sutcliffe LLP
On February 12, the CFTC and the European Commission announced jointly that the two agencies have made significant progress in their collaboration on the regulatory frameworks for CFTC-regulated swap execution facilities and EU-regulated multilateral trading facilities .
Selene Finance reportedly gets big Ginnie Mae boost
Sources tell HousingWire that Ginnie Mae is displeased with more than a few of its "poorer performing mortgage servicers" and will place those distressed mortgages with one of two selected third-party firms.