18-Month High for Agency MBS Issuance
Issuance of agency mortgage-backed securities rose to the highest level in a year-and-a-half, though one of the three housing finance agencies didn't participate in the rally.
Big Banks Avoid Mortgage Risk, Lose Market Share
New data indicate that as large banks have cut their risk on agency mortgage lending, they have lost market share.
New Business, Delinquency Decline Again at Fannie
For the second month in a row, new business was down at the Federal National Mortgage Association. Improvement in residential loan performance, however, continued unabated.
MSRs on $10 Billion in GSE Loans Hit Market
Bids are being solicited on a portfolio of mortgage servicing rights on $10 billion in government-sponsored enterprise loans.
Massive Sale of Distressed Loans by Freddie
As the secondary mortgage market continues to thaw, the Federal Home Loan Mortgage Corp. unloaded a record amount of distressed loans.
Mortgage Firms Take on New Leaders
While one of the government-sponsored enterprise snagged a mortgage executive from a big-name financial institution, a young West Coast company recruited several leaders to spearhead a growth spurt. Other appointments include technology, sales and production executives.
GSE Refis Decline, New Low for HARP Production
After declining to the lowest level on record, government-supported refinance activity descended further. Overall refinance volume was lower at the government-sponsored enterprises.
Freddie's New Business Highest Since 2013
Less than a week after announcing the planneThe Federal Home Loan Mortgage Corp. turned in the best month in new business since the summer of 2013. Delinquency hasn't been this good since 2008.
Another Agency MSR Sale at Ocwen
Less than a week after announcing the planned sale of mortgage servicing rights on nearly $10 billion in agency loans, Ocwen Loan Servicing LLC has negotiated a sale of more than twice that size.
Several Secondary Mtg Transactions So Far in 2015
Among a number of secondary mortgage transactions so far this year are deals that include prime mortgages, non-performing loans and agency loans.