Fannie Delinquency at Pre-Conservatorship Level
Serious residential delinquency at the Federal National Mortgage Association fell to the lowest level since before it was thrust into conservatorship. New secondary activity, however, was worse.
Huge Raises for GSE CEOs
Compensation for the chief executive officers of the Federal National Mortgage Association and the Federal Home Loan Mortgage Corp. could increase by more than 500 percent under a new compensation plan.
Quarterly Agency MBS Issuance Highest Since 2013
Securitizations of agency mortgages finished the first half of the year on an up beat, with quarterly volume surging to the highest level since 2013.
Banks' Mortgage Performance Improves
Delinquency on home loans owned by banks continued to improve on a quarterly basis as the foreclosure and repossession rate retreated. New foreclosure filings, however, rose.
Nearly 2-Year High for Freddie's New Business
It's been almost two years since new business was this strong at the Federal Home Loan Mortgage Corp. Even better, residential delinquency was at its lowest level in more than six years.
GSE AUS Fees Eliminated
With Fannie Mae's elimination of the fee for its automated underwriting system, both government-sponsored enterprises have now done away with the cost.
Refinancing of GSE Loans Most Since 2013
After soaring to the highest monthly volume since 2013, refinances of government-sponsored enterprise loans did it again. Freddie Mac loans were behind the surge.
Mortgage Executives See Home Prices Rising
Senior mortgage executives are optimistic about home prices, though a diminishing share expect loan demand to increase over the next three months.
Guidelines Eased at Genworth
Genworth Mortgage Insurance has lowered credit score requirements, increased debt-to-income ratios and expanded its jumbo limits. Appraisal requirements have been eased.
Radian Loosen Guidelines
Changes to Radian Guaranty Inc.'s guidelines increase some loan-to-value ratios, ease credit requirements and make construction loans easier to do -- among other things.