More GSE Resolution Legislation Emerges
The latest federal legislation to emerge that would reform U.S. housing finance protects community banks, maintains Qualified Mortgage standards and establishes servicing standards.
CMBS Delinquency Down for 9 Straight Months
The sale of distressed assets was behind a big drop last month in delinquency on loans included in commercial mortgage-backed securities. Performance improvement was greatest on industrial property loans.
CRE Loan Performance Maintains Positive Trend
All types of lenders except the Federal Home Loan Mortgage Corp. saw a decline in delinquency rates on commercial real estate loans.
Month-Over-Month Mortgage Originations Edge Up
Despite a sharp decline in residential loan originations over the past year, the final month of 2013 saw an uptick. The mortgage market continued to wean itself off of government support.
Agency MBS Issuance Tumbles to 7-Year Low
It has been more than seven years since the monthly issuance of Fannie Mae, Freddie Mac and Ginne Mae mortgage-backed securities has been this low.
5-Year Low for New Business, Delinquency at Fannie
It's been five years since new secondary activity at the Federal National Mortgage Association has been this slow. It's been even longer since delinquency was this low.
Secondary Legal Actions Pile Up at SunTrust
Over the past few months, SunTrust Banks Inc. has been hit with a lawsuit and agreed to a settlement on loans it originated and sold. Now it faces a government investigation.
FHFA Reaches Another Non-Agency MBS Settlement
The regulator of Fannie Mae and Freddie Mac has nailed down another settlement from lawsuits it filed over misleading statements on mortgage-backed securities the two firms purchased.
Taxpayers Solidly in the Black on Freddie Bailout
A series of one-time events at the Federal Home Loan Mortgage Corp. pushed earnings significantly higher last year -- leaving taxpayers with a tidy profit. But the level of earnings is not expected to continue.
Refinances Continue Free Fall
Monthly refinances of conventional agency loans tumbled, with transactions completed through the Home Affordable Refinance Program plunging 22 percent.