GSE Refinances Rise to 6-Month High
Refinances of loans backed or owned by the government-sponsored enterprises climbed to a six-month high as Making Home Affordable refinance volume fell to an all-time low.
Over $2 Billion in GSE Mortgages Sold
A unit of Credit Suisse has acquired more than $2 billion in government-sponsored enterprise single-family loans that are reperforming.
CMBS, Hotels Lead Increase in CRE Lending
Quarterly commercial real estate loan production moved higher. Leading the improvement from a year earlier were securitized loans and hotels.
Jumbo Leads Tightening in Mortgage Credit
After easing to the loosest level in nearly a decade, home lending credit conditions tightened last month. It was jumbo credit that led the constriction, though conventional credit also tightened.
Fannie's Financing Off From Year Ago, Income Holds
Quarterly mortgage financing provided by Fannie Mae fell by more than $30 billion from a year earlier, though activity has accelerated from three months earlier. Earnings were little changed.
FHLMC Issuance Soars as FNMA Drops and GNMA Off
A month-over-month surge in the issuance of Freddie Mac mortgage-backed securities wasn't enough to offset deterioration at its agency counterparts.
Business Edges Up Again at Fannie, SF Lates Rise
New business was up for the second consecutive month at Fannie Mae, though just slightly. Residential loan delinquency turned up 2 basis points from a nearly decade low.
Freddie Finances More Housing Units
More housing units were financed by the Federal Home Loan Mortgage Corp. during the latest quarter. Earnings rose on a legal settlement.
Freddie's New Business Falls, Delinquency Rises
Delinquency deteriorated and new business stumbled at the Federal Home Loan Mortgage Corp. But the company's book of business continued to expand.
Apartment Lending Sets Another Record
After ascending to the highest level on record in 2015, apartment lending activity again established a new record last year.