Latest Fannie Mae Stories

Helps Loan Servicers Increase Efficiency Through Real-Time Loss Mitigation Workout Recommendations From Fannie Mae JACKSONVILLE, Fla., May 15, 2013 /PRNewswire/ -- Lender Processing Services, Inc. (NYSE: LPS), a leading provider of innovative technology, services, data and analytics to the mortgage and real estate industries, announced the launch of its Workout Interaction Tool (WIT), a Web-based application that provides data from its market-leading MSP servicing system to and from...

Majority Now Believe Prices Will Climb in Next 12 Months WASHINGTON, May 7, 2013 /PRNewswire/ -- More than half of Americans now expect the country's home prices to climb within the next year, illustrating a growing optimism toward the health of the housing industry. The share of respondents to Fannie Mae's April 2013 National Housing Survey results who expect home prices to go up rose another 3 percentage points in April to 51 percent. By comparison, at the same time last year only...

PLEASANTON, Calif. and RADNOR, Pa., April 22, 2013 /PRNewswire/ -- Ellie Mae(®), Inc. (NYSE: ELLI), a leading provider of enterprise-level, on-demand automated solutions for the residential mortgage industry, and Essent Guaranty, Inc., a nationwide provider of mortgage insurance, jointly announced today that more lenders will have faster and more efficient access to order mortgage insurance, check eligibility and obtain rate quotes through Essent's recent integration with Ellie Mae's...

LONDON, April 19, 2013 /PRNewswire/ -- Market futures are indicating a higher open on Wall Street this morning after a night of chaos and gunfire in Watertown, MA. Police were involved in gunfire exchange with the two suspects believed to be involved in the bombings earlier this week that left three people dead. There is bound to be some follow through in the markets and possibly the speculative fear trade being back in play whenever terrorism seems to be involved....

LONDON, April 5, 2013 /PRNewswire/ -- Goff Corporation closed Thursday's trading session at a fresh new high after being lower in the previous two trading sessions. Shares of Goff Corporation did jump around 24% after the stock continued back to the winning ways we have seen over the last few weeks. Shares in Goff Corporation have now moved from 0.12 cents to the current price of $0.57 just since the middle of March giving out potential gains of over 500% in the trade. After...

Businesses and Consumers Apathetic Toward Fiscal Drag WASHINGTON, March 28, 2013 /PRNewswire/ -- The strong jobs report and the rebound in consumer confidence in February suggested that businesses and consumers set aside their worries about fiscal drag ahead of the looming sequestration deadline, according to Fannie Mae's (OTC Bulletin Board: FNMA) Economic & Strategic Research Group. Activity in both the stock and housing markets also picked up recently and continues to act...

LONDON, March 27, 2013 /PRNewswire/ -- The markets closed right at the all-time high level for the S&P in yesterday's trading with shares of Research In Motion (BBRY) receiving a lot of attention going into earnings before the markets open on Wall Street tomorrow morning. Many investors believe the time for waiting is over and are looking for real guidance now the new Z10 phone has been launched. Earning expectations are not as important as guidance in shares of BBRY with...

LONDON, March 25, 2013 /PRNewswire/ -- Futures were indicating a higher open on Wall Street this morning after a bailout package for Greece was put on the table which many investors had been hoping for. Many believe that if the issues can be avoided in Europe things will go much better in the US markets, and they would be right. Shares in Fannie Mae and Freddie Mac had a wild ride last week giving off trading gains of 500%+ in the space of a week and volatility to the game...

LONDON, March 22, 2013 /PRNewswire/ -- Shares in Fannie Mae and Freddie Mac experienced volatility for the first time yesterday in what was a big swing day for traders in the stocks. Fannie Mae started off the morning by pushing straight to $1.50, and as we predicted it looked like the stock would move higher, it represented 500% gains in 1 week at that point. Not surprisingly Fannie Mae pulled back to close at 0.80 cents on the day making this the heaviest traded stock in the...

Nations Lending Corporation reported that its mortgage refinance volume exceeded $751MM in 2012 and attributed the increase in the refinance share of mortgage activity to HARP 2.0 and low mortgage rates. Independence, Ohio (PRWEB) February 22, 2013 Nations Lending Corp. reported that its residential mortgage refinancing activity grew throughout 2012. On December 1st, 2012, Cleveland.com reported that NLC's employment had increased ten-fold. In March 2007, the mortgage business had...