Posted To: Pipeline Press

What do we have to look forward to? The next Federal holiday isn’t until the end of May (Memorial Day). There’s Easter, a month and a half away (April 4), and most states’ clocks “spring ahead” on March 14. The employees of People’s United Financial, Inc. and M&T Bank can look forward to working through their $7.6 billion announced merger/M&T acquisition . Freddie Mac and Fannie Mae can look forward to earnings. Fannie Mae and Freddie Mac funded about 1.2 million adverse market qualified refinance mortgages totaling $350 billion from Dec. 1 through Jan. 31, according to IMF. At a one half-point charge, that’s a jaw-dropping $1.75 billion in adverse market fees collected in the first 60 days. Besides people wondering where the “adverse…(read more)

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Source: Mortgage News Daily