Best Month for New Business at Freddie Since 2013
New business at the Federal Home Loan Mortgage Corp. climbed to the highest level since the summer of 2013. Delinquency, meanwhile, fell to the lowest rate since 2008.
EverBank Lifts Mortgage Production
Home loan originations improved at EverBank Financial Corp., and the upward momentum is likely to continue in the second quarter.
Servicing and income, however, were off.
Ginnie MBS Issuance Soars to 5-Year High
It has been more than a half-decade since the issuance of mortgage-backed securities on behalf of the Government National Mortgage Association has been this high.
Taxpayers Earn Over $230 Billion in GSE Dividends
Dividends that have been paid to the Department of the Treasury by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corp. now exceed $230 billion.
The State of Commercial Mortgage Lending
A trio of reports released over the last week provide a birds eye view of current conditions in commercial real estate lending. Quarter-over-quarter originations slowed, and loan delinquency worsened on securitized multifamily loans despite an overall improvement.
Residential Loan Demand Rises, Requirements Ease
Banks reported an increase in demand for a number of home lending products over the past three months. At the same time, several financial institutions have relaxed standards.
Fannie's Business Pops to 17-Month High
A nearly one-fifth boost in monthly secondary activity was reported by the Federal National Mortgage Association -- leaving monthly volume at the highest level in 17 months. Serious delinquency descended to a new post-crisis low.
CMBS Delinquency Down, Hotel Loans Lead Improvement
Borrowers on securitized commercial real estate loans did a better job of keeping up with their payments. Lodging loans saw the most improvement.
Flagstar Raises Originations and Servicing
Quarterly residential loan production expanded at Flagstar Bancorp Inc., as did the home lender's mortgage servicing portfolio.
New FHA Applications Pile Up
Despite a solid increase in new applications during the first month of the year, Federal Housing Administration production moved lower in the second month. But applications have continued to pile up -- pointing to a strong gain ahead.