On Friday, Fannie Mae reported $17 billion in net income in 2024, down slightly from its $17.4 billion profit in 2023. The government-sponsored enterprise (GSE) had net income of $4.1 billion in the fourth quarter of 2024, marking its 28th consecutive quarter of positive earnings. Fannie Mae president and CEO Priscilla Almodovar said during Friday’s…
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MISMO, the real estate finance industry’s standards organization, on Thursday announced its board of directors for 2025. “MISMO brings key problem solvers together to collaborate on critical issues in the mortgage industry,” said Bob Broeksmit, president and CEO of the Mortgage Bankers Association (MBA), which oversees MISMO. “I welcome this talented group of industry executives…
When the Department of Justice (DOJ) came out in opposition of buyer representation agreements as they are defined in the National Association of Realtors (NAR) commission lawsuit settlement agreement, Alabama Association of Realtors took notice. The state trade group is currently championing a bill that would change state law to prevent a consumer from being…
The nomination of Jonathan McKernan to lead the Consumer Financial Protection Bureau (CFPB) suggests that, despite the “delete” rhetoric around the bureau, the consumer watchdog isn’t going to be de-fanged and sent to the kill shelter just yet. McKernan, a well-respected, veteran financial regulator with prior stints at the Treasury Department, Federal Housing Finance Agency…