New Business at 1-Year High for Freddie
Secondary volume climbed to the highest level in a year at the Federal Home Loan Mortgage Corp., while delinquency held at an eight-year low.
FHA Delinquency, New Business Increase
For each of the past three months, residential delinquency has deteriorated at the Federal Housing Administration. But cnew residential business climbed to the highest level in eight months.
GSE Multifamily Limits Raised
The volume of apartment-secured mortgages that can be financed by Fannie Mae and Freddie Mac has been increased by their regulator.
Home Construction Activity Slows, Northeast Leads
Led by the Northeast, building permits and completed construction fell on a month-over-month basis. A year-over-year gain was reported, though.
Confidence Among Home Builders Boosted by East
Strength in new buyer traffic and optimism in the East helped drive up the level of home builder confidence this month.
CMBS Delinquency Jumps, Office Loans Lead
With loans secured by office buildings leading the way, the rate of past-due payments on securitized commercial real estate loans rose last month.
Regions Mortgage Originations, Delinquency Improve
Quarterly home lending increased and delinquency decreased at Regions Financial Corp. Meanwhile, the mortgage servicing portfolio was reduced.
Record Ginnie Mae MBS Issuance
Residential and commercial loan securitizations on behalf of the Government National Mortgage Association climbed to the highest level on record last month.
Taxpayers Net $34 Billion Since Fannie Bailout
Since the Federal National Mortgage Association was taken over by the government during the financial crisis, taxpayers have netted more than $34 billion.
Wave of Maturing CMBS Loans Defaulting
For the fifth consecutive month, securitized commercial real estate loan performance has worsened thanks to a wave of maturing loans.
Sequential Rise in Freddie Earnings, Business
The Federal Home Loan Mortgage Corp. saw quarter-over-quarter gains in earnings and business, though things slowed from a year prior.