Freddie Eases Appraisal, Condo & Jumbo Policies
Changes being made by the Federal Home Loan Mortgage Corp. relax requirements for appraisals, condominiums and jumbo mortgages. Also impacted are assets used to make payments.
GSE Refis Sink to 27-Month Low, All-Time HARP Low
The monthly number of government-sponsored enterprise mortgages refinanced tumbled to a two-year low. Government-supported refinances plunged to an all-time low.
Large Portfolio of Reperforming GSE Loans Sold
A winning bidder has been announced for an offering of more than $2 billion in reperforming government-sponsored enterprise mortgages.
GSEs Offer High LTV Refinance Option
A new refinance program has the government-sponsored housing enterprises refinancing real estate loans regardless of the loan-to-value ratio.
Mortgage Bankers Relax Credit 3rd Month in Row
For the third month in a row, home lenders have been more aggressive about which loan applicants they will approve. Conforming credit eased the most.
Massive MSR Portfolio Trading Hands
Ownership of mortgage servicing rights on a large portfolio of government-sponsored enterprise single-family loans is trading hands.
Good Mortgage Terms for Credit-Stained Borrowers
The Federal National Mortgage Association is reminding its lenders that it can buy loans to consumers who have a previous bankruptcy or foreclosure.
Compliance Services for HMDA, ATR, Day 1 Certainty
New and upgraded offerings recently unveiled by service providers promise to help lenders comply with the Home Mortgage Disclosure Act, the Ability to Repay rule and Fannie Mae's Day 1 Certainty initiative.
Agency MBS Issuance Highest in 7 Months
With the Federal National Mortgage Association leading the way, agency mortgage securitizations climbed to the highest level in seven months.
Fannie's Delinquency Drops to New Post-Crisis Low
Again, serious delinquency at the Federal National Mortgage Association has fallen to the lowest level in the past decade. New business maintained.