Rates Hurt Spring Purchase Financing Outlook
Rising interest rates on residential loans have senior mortgage banking executives less optimistic about spring home purchase financing than a year ago.
Freddie's New Business Sinks to 12-Month Low
It's been a year since secondary activity was this low at the Federal Home Loan Mortgage Corp. Delinquency, meanwhile, fell to a new post-crisis low.
Approvals Automated for Nontraditional Credit
Loan applicants who don't have a traditional credit scores will soon be able to obtain automated approvals using nontraditional credit.
GSEs Move 1 Step Closer to Common Security
Following the successful implementation of the first phase of a common mortgage-backed security, the government-sponsored enterprises are moving on to phase 2.
Executive Changes in Mortgage Boardrooms, C-Suites
During the past week, there have been boardroom changes at a mortgage servicer and government-sponsored enterprise. One firm appointed an interim chief financial officer.
GSE Reform Could Significantly Impact Home Finance
A ratings agency report indicates that reforming the government-sponsored enterprises could have wide-reaching implications for a range of sectors and entities.
Freddie Unloads Nonperforming Mortgages
A portfolio of deeply delinquent residential loans has been sold through the auction process by the Federal Home Loan Mortgage Corp.
5-Month Low for GSE Refinances
Refinances of residential loans backed or owned by the government-sponsored enterprises slowed to the lowest level in five months.
Over $3 Billion in Fannie Mae Loan Sales
A pair of transactions, one a closed sale and the other a loan offering, include more than $3 billion in Federal National Mortgage Association loans.
CMBS Delinquency Worsening
Although the rate of past-due payments on most commercial real estate loans stands near record lows, securitized CRE loan performance is worsening.