MSRs on $1 Billion in GSE Loans On the Market
An offering of mortgage servicing rights on more than $1 billion in government-sponsored enterprise home loans has hit the market.
Despite Drop in CRE Loan Delinquency, CMBS Worse
While quarterly performance on most types of commercial real estate loans improved, late payments deteriorated on securitized CRE loans.
Credit Standards to Ease Due to Rising Rates
Credit standards for loans included in residential mortgage-backed securities are expected to loosen next year as interest rates rise.
Mortgage Firms Make Executive Appointments
Among several recent appointments at real estate finance organizations are an addition to the board of directors at a government-sponsored enterprise, a chief financial officer at a residential lender and a pair of wholesale executives and a large mortgage banking firm.
Mortgage Credit Eases, Further Loosening Likely
For the third month in a row, credit conditions in residential lending have loosened -- a trend that is likely to continue given recent events.
Fannie Drives Down Agency MBS Issuance
Issuance of agency mortgage-backed securities retreated to the lowest level in four months, and it was the Federal National Mortgage Association that drove the decline.
New Post-Crisis Low Delinquency at Fannie
Serious residential loan delinquency at the Federal National Mortgage Association dropped to the lowest level since it fell into conservatorship.
Frmr Owner of Ocwen Unit Named to Trump Cabinet
President-elect Donald J. Trump has indicated that he intends to name two people with mortgage ties to his cabinet. One previously owned an Ocwen Financial Corp. unit, and the other wants to privatize the government-sponsored enterprises.
New Business, Delinquency Worse at Freddie
For the second consecutive month, secondary activity has slowed at the Federal Home Loan Mortgage Corp. Also worsening was delinquency.
Conforming Loan Limits Raised First Time in Decade
For the first time in more than a decade, limits on loans backed by the Federal National Mortgage Association and Federal Home Loan Mortgage Corp. have risen.