The Mortgage Bankers Association would like Fannie Mae to move toward the fee-based structure Freddie is testing. https://www.nationalmortgagenews.com/news/how-freddie-macs-repurchase-alternative-pilot-is-working
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Rocket names ex-Airbnb exec chief marketing officer
The former Airbnb executive Jonathan Mildenhall steps into a newly created role, overseeing communications for all business lines at the Detroit-based company. https://www.nationalmortgagenews.com/news/rocket-names-ex-airbnb-exec-chief-marketing-officer
Success in 2024 depends on using 2023’s lessons
Relying on hope, as implied in the survive until 25 slogan, is not a business strategy that will get a company through the year. https://www.nationalmortgagenews.com/news/success-in-2024-depends-on-using-2023s-lessons
More than 90% of housing markets overvalued, Fitch says
Prices in several cities came in more than 20% above what would be considered a sustainable level when compared to local economic factors, according to the rating agency's report. https://www.nationalmortgagenews.com/news/more-than-90-of-housing-markets-overvalued-fitch-says
Stratton Mortgage Funding raises £1.06 billion ($1.36 billion) in RMBS
The pool is well seasoned with a weighted-average seasoning of over 10 years for almost the full pool, according to S&P Global Ratings. https://www.nationalmortgagenews.com/news/stratton-mortgage-funding-raises-1-06-billion-1-36-billion-in-rmbs