According to Mark Hanson, SVP, Securitization for Freddie Mac: “We take the loans we purchase and package them into mortgage-backed securities (MBS) bonds that offer a stream of revenue derived from borrower payments. The securities are sold globally to investors, including insurers, pension managers, money managers, REITS and foreign central banks via the TBA markets.”Read more
The Financial Crimes Enforcement Network (FinCEN) announced that it will continue revised Geographic Targeting Orders (GTOs) that require U.S. title insurance companies to identify the natural persons behind shell companies used in all-cash purchases of residential real estate until November 11, 2019. The purchase amount threshold, which previously varied by city, is now set atRead more
The U.S. housing finance system changed significantly this week as the Uniform Mortgage-Backed Security (UMBS) went live, merging Freddie Mac and Fannie Mae To-Be-Announced (TBA) markets into one TBA market. While not a change you’ll see on your local news, the UMBS will have real, positive impacts on homebuyers, taxpayers, and investors from around theRead more
Accessory Dwelling Units (ADUs) are known by many names: granny flats, in-law units, backyard cottages, secondary units and more. No matter what you call them, ADUs are an innovative, affordable, effective option for adding much-needed housing in California. What are the benefits of ADUs? • ADUs are an affordable type of home to construct inRead more
Summer is just around the corner and Ticor Title’s June Calendar of Events is now available! Check out our calendar for local events taking place in your Orange County neighborhood this month! If you have questions on any of the events mentioned, give us a call! If you’d like a copy of the calendar, contactRead more