Lenders Tout Mortgage Originations
Several mortgage firms recently released data on their home-lending volume, while commercial mortgage lenders also reported activity.
CMBS Delinquency See Saws Lower
After worsening in March, performance improved on securitized commercial real estate loans. Industrial property loans led the decline.
Completed Construction Slows on Multifamily
While issuance of building permits accelerated last month, the volume of completed housing units declined thanks to a tumble in multifamily construction.
Jumbo MBS Issuance Soars at Ginnie Mae
A month-over-month gain in securitizations was made by the Government National Mortgage Association, and jumbo activity led the improvement.
Mortgage Servicing, Assets Up at Regions
Regions Financial Corp. reported growth in its residential loan servicing and investment portfolios, while delinquency fell. But quarterly mortgage production was off.
Fannie's Earnings Drop
A decline in long-term interest rates drove quarterly earnings lower at the Federal National Mortgage Association. Dividend payments are nearing $150 billion.
Delinquency Sinks at Freddie, Business Rises
As secondary lending climbed higher at the Federal Home Loan Mortgage Corp., serious delinquency fell to the lowest it's been since August 2008.
Mortgage Demand Up at Banks, CRE Stds Tighten
While bank lending standards on home loans have changed little recently, guidelines tightened on commercial real estate loans. Demand was up for both types of loans.
No Draw Needed Despite Loss at Freddie
Although it suffered a first-quarter loss, the Federal Home Loan Mortgage Corp. will require no taxpayer funds. Delinquency fell to the lowest level since the summer of 2008.
CMBS Delinquency Inches Up Again
For two consecutive months now, the rate of late payments on securitized commercial real estate loans deteriorated from a month earlier.