Mortgage Insurance News
Last week's unveiling of new mortgage insurance company standards on conventional agency loans has the support of much of the M.I. industry, with most firms indicating that they will meet the requirements. Other updates in mortgage insurance include an enhanced online platform and loosening of requirements on refinancing of subordinate liens.
New GSE M.I. Company Requirements Set
A new set of requirements for mortgage insurance companies on government-sponsored enterprise loans will soon go into effect.
G-Fees to Be Updated
More than a year after undertaking an analysis of the impact from increased guarantee fees on government-sponsored enterprise loans, changes are being made.
Freddie Refinances Soar
The monthly number of government-sponsored enterprise-backed mortgages that were refinanced increased thanks to a spike at the Federal Home Loan Mortgage Corp.
Mortgage Management Moves Involve GSE, TX Execs
Among recent management moves at home finance firms is a current government-sponsored enterprises executive, a former GSE executive and a pair of Texas mortgage executives.
FHFA Lawyer Testifies on NV Super Priority Liens
The general counsel at the Federal Housing Finance Agency is advising state lawmakers in Nevada about the hazards of super-priority liens.
Fannie Offers Huge Sale of Distressed Loans
A big pool of distressed home loans is being offered for sale by the Federal National Mortgage Association.
Agencies Dominate Non-Agency Mortgage News
While non-agency loans have recently been securitized without agency backing, planned sales by the government-sponsored enterprises dominated non-agency news.
Mortgage Credit Conditions Best in Years
Credit conditions in home lending eased to their least restrictive level in years, though mortgage credit remains extremely tight compared to the pre-crisis era.
Layoffs Resulting from FHLB Merger
An upcoming merger of two government-sponsored enterprises will result in the layoff of more than a hundred employees.