Banks Tighten Residential Lending Requirements
The share of banks that tightened underwriting guidelines on residential loans increased this past year. But the trend on home-equity and commercial mortgage lending was more favorable.
5-Month Low for Ginnie MBS Issuance
Monthly issuance of Ginnie Mae mortgage-backed securities fell to a five-month low, though jumbo activity strengthened.
MBS Issuance Moves Higher at Ginnie, Reverse Leaps
Monthly loan securitization activity improved at the Government National Mortgage Association thanks mostly to residential business. Reverse mortgage volume saw the most improvement.
Multifamily Leads Improvement in CMBS Delinquency
Delinquency on securitized commercial real estate loans fell to the lowest level in a half-decade, with the late-payment rate on multifamily loans plunging.
CRE Delinquency Rates at Lowest Levels in 5+ Years
For most types of investor groups, performance on commercial real estate loans was at its best in at least five years.
The Mortgage Production Report
Among several mortgage firms that recently reported originations are lenders that have seen substantial year-over-year improvement, increased purchase financing and several commercial mortgage transactions.
FHA Finishes FY 2014 on Upbeat
In the final month of its fiscal year, new business inched up and delinquency moved lower at the Federal Housing Administration.
Business, Portfolio and Delinquency Down at Fannie
Secondary activity, the book of business and mortgage delinquency all moved lower at the Federal National Mortgage Association.
Bank Employment and Mortgage Originations Decline
The number of federally insured banks in business continued to diminish -- as did mortgage originations, assets and employees. Earnings and commercial mortgage holdings, however, grew.
CMBS Delinquency Down Again
The rate of past-due payments on securitized commercial real estate loans has moved lower most months over the last three years -- including last month.