Monthly, Annual MBS Issuance Down at Ginnie
Securitizations on behalf the Government National Mortgage Association descended on a monthly and annual basis. But its book of business continued to grow -- nearing $2 trillion.
Wells Fargo Earnings, Home Lending Down
Despite a surge in refinance share, quarterly and annual mortgage originations at Wells Fargo & Co. were lower, and a further decline is likely. Earnings also deteriorated. Commercial mortgage servicing grew, but commercial assets were lower.
Record Issuance of Freddie Multifamily Securities
For the second year in a row, the Federal Home Loan Mortgage Corp. has reported securitizing a record level of apartment loans.
Bank Owner Pleads Guilty to Mortgage Fraud
A major stockholder in a bank that failed several years ago has admitted to deceiving officials about his interest in loans made by the bank and to mortgage fraud.
Continued Growth Expected in CRE Lending
Annual commercial mortgage lending is again expected to expand this year, with the outlook most optimistic for government-sponsored enterprise activity.
CMBS Delinquency Best Since 2016, Could Fall More
The rate of past due payments on securitized commercial real estate loans retreated to its lowest level since 2016 and could go lower. Retail properties improved most.
2017 High for Freddie's New Biz, Delinquency Spikes
After ascending to the highest level this year, monthly secondary activity moved even higher at the Federal Home Loan Mortgage Corp. Serious mortgage delinquency, however, deteriorated.
New 8-Year Low for CMBS Delinquency
After falling to the lowest level in more than eight years, the rate of delinquency on securitized commercial real estate loans took another tumble. Office loans led the decline.
Freddie Takes Steps to Ease Affordable Housing Crisis
Steps being taken by Freddie Mac to address the affordable housing crisis include making more financing available for single-family homes, manufactured housing and rural properties.
FHA Endorsements Down, Delinquency Up
New monthly business at the Federal Housing Administration turned lower and is likely to recede even further. Reverse mortgage applications exploded ahead of premium changes. FHA delinquency deteriorated.