New Application Form in Works
An updated mortgage application form that is currently in the works promises to provide more industry standardization.
Fannie Updates Appraisal Requirements
Appraisal policies have been updated at the Federal National Mortgage Association. Impacted areas include required photos, acceptable comparable properties and updated reports.
Legislation Would Boost Private Label RMBS Issuance
Legislation that would eliminate the Federal National Mortgage Association and the Federal Home Loan Mortgage Corp. could be a boon for non-agency issuance.
MSRs on Nearly $900 Million in Loans Up for Bid
Mortgage servicing rights on nearly $900 million in agency home loans have been put up for bid.
FHFA Reaches Settlement With Chicago
A settlement between the city of Chicago and the Federal Housing Finance Agency puts lingering issues to rest.
Anti-Crapo Ads Aimed at Protecting GSE Shareholders
Negative advertisements targeting senators who support potential legislation to overhaul U.S. mortgage finance are designed to protect the interests of government-sponsored enterprise shareholders.
Market Segment Offers Opportunity
Monthly mortgage production fell to the lowest level in more than a decade, but opportunity lurks in one segment of the market. Cash sales have kept real estate sales moving, while foreclosure starts sank due to new rules.
Study Suggests Elimination of GSEs Could Push Up Rates
A recent study suggests that housing finance reform could have a significant impact on mortgage rates. But even factoring in such increases, mortgage rates would still be lower than they've been for most of the past five decades.
Top Commercial Mortgage Lenders
The annual ranking of commercial real estate lenders is out, and the largest CRE lenders are also the top residential lenders. Rankings were also presented by investor type.
Broad Improvement in CMBS Delinquency
Loan performance on securitized commercial real estate loans was better across all property types, though late payments on loans secured by office properties improved most.