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MetLife launches warehouse lending division, hires two new heads of operations

MetLife Bank recently embarked on a new capital venture in residential mortgage warehouse lending, an unprecedented business expansion for the insurance and financial services firm. And according to managing director for the operation, Brian Lewand, it’s about time. "We just felt that it was a natural fit for MetLife Bank," Lewand told HousingWire in an [...]

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Fannie Mae July mortgage portfolio up 4.1% from year earlier, prices two-year deal

Fannie Mae’s mortgage portfolio through July is up 4.1% from the year ago yet down somewhat from June, and the GSE issued nearly half the mortgage-backed securities during the month than in did last July. Fannie ended July with gross holdings of nearly $812 billion. That figure stood at $770.4 billion last year and $817.8 [...]

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