By Jordan Funderburk Fannie Mae reported a net income of $1.9 billion dollars for the first quarter of 2015, up from $1.3 billion from the previous quarter, according to Fannie Mae’s Q1 2015 financial results released Thursday. The primary driver of the nearly 50 percent quarter-over-quarter increase in net income was lower fair value losses for Q1, which totaled $1.9 …

By Brian Honea Fannie Mae’s comprehensive income for Q1 was reported at $1.8 billion, up from $1.3 billion in Q4. The Enterprise reported a net worth of $3.6 billion as of the end of Q1, which will result in a payment of $1.8 billion to the Department of Treasury in June per the terms of a 2012 amendment to the …

By Brian Honea Consumer sentiment toward the economy took a slight step backward in April, with the percentage of respondents who said the economy is on the right track fell by one percentage point down to 42 percent. Meanwhile, the share who said the economy is on the wrong track increased by one percentage point up to 49 percent. The …

By Brian Honea The Oversight and Investigations Subcommittee will convene on that day to discuss the controversial piece of legislature, which was enacted in 2010 in response to the financial crisis. The Chairman of the Oversight and Investigations Subcommittee, Representative Sean Duffy (R-Wisconsin), has been an outspoken critic of Dodd-Frank. The post House Subcommittee to Hold ‘Dodd-Frank Act and Regulatory …

By Brian Honea Former Federal Deposit Insurance Corp. chair Sheila Bair has been announced as the new president of Washington College, a private liberal arts school in Maryland, according to an announcement from Washington College. Bair will be the 28th president overall and first female president of historic Washington College, which was founded in 1782. The post Former FDIC Chair …

By Brian Honea Reputational risk “remains high with regard to any and all foreclosures,” Schwartz said. The crisis gave regulators the ammunition they needed to create loan servicing-specific legislation and policies, which resulted in the straining of the execution of collection and default services for many servicers, whereas those practices had worked well for them prior to the crisis. The …

By Brian Honea In a report filed with the U.S. District Court for the District of Columbia on Thursday, NMS Monitor Joseph A. Smith, Jr., reported the results of the retesting for Q1 2014 and also outlined several actions Ocwen has taken to improve its internal review group (IRG), which Smith has been investigating since May 2014. The post Monitor: …

By Brian Honea Royce said in a statement on his website that it is “unconscionable” that Freddie Mac would elevate the pay of its CEO to that level while taxpayers are still on the hook. The fact that the GSEs are still under conservatorship of the FHFA, where they have been since September 2008, is still a contentious one among …